-
Workers are seen at a branch of South Africa’s mobile operator, Telkom, in Johannesburg, South Africa, November 21,2023.
Telecommunications operator Telkom has completed the first phase of its job cuts. Last year, the company announced plans to reduce its workforce by 1 800 positions.
In its results for the six months ending September 30th, Telkom reported a revenue increase of 1.9% to R21 billion, driven by significant growth in both fibre and mobile revenue.
Group CEO Serame Taukobong says that these results build on the progress made in the previous year. He emphasized that the company is focused on reducing operational costs and improving its revenue mix.
“We have embarked on a journey as one Telkom to ensure that we drive a key reshaping of BCX, the first phase of it was section 189, unfortunately, but it is part of the restructuring and reshaping BCX to ensure that we focus on higher margin and lower cost businesses and that first phase has been executed with speed.”
Telkom growth in revenue up 1.9%
