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COMPANIES: Telkom shares soar after board confirms offer from consortium led by former CEO Sipho Maseko

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Telkom’s shares have been battered in recent months because the company faces serious financial problems. However, Telkom’s shares jumped significantly after the company told shareholders that it is considering an offer from a consortium led by former ...

Telkom recently warned shareholders that it will pencil in a decline of at least 85% in its profits for the year ending March 2023.

Telkom recently warned shareholders that it will pencil in a decline of at least 85% in its profits for the year ending March 2023
 

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Telkom shares soar as Sipho Maseko’s acquisition bid confirmedTelkom’s share price soared close to 8% on Monday morning after the partly state-owned company’s confirmation that it is being courted for acquisition by a consortium led by former chief executive Sipho Maseko.
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