South Africa government appears to walk back on Telkom stake sale

1 June 2018

Mergers, Acquisitions and Financial Results

South African operator Telkom CEO Sipho Maseko said it appears that government has walked back on a plan to sell a portion of its stake in the telecommunications operator, though he admitted anything remains possible, reports TechCentral.

The former finance minister Malusi Gigaba in 2017 raised the possibility of selling a portion or possibly government's entire stake in Telkom to raise money to plug a financial hole at the national carrier, South African Airways. Read the full article on Telecompaper here.