telkom

Business: Telkom shares are snubbed for cash proposal

Telkom investors have snubbed the board’s request for a regularly occurring authority in the issuance of shares in the telecoms corporation for cash on the grounds the pass could dilute current shareholding structure. The shareholders advised the company’s annual popular meeting the request would affect the group’s contemporary flat share price. The decision failed to […]

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Business: Massmart shares continue to benefit amid loss of revenue

Massmart earnings tumbled 40 percent at some point of the 26 weeks to June as store income slumped on the Covid-19 lockdown pandemic fallout. Massmart, which operates 420 retail and wholesale stores in 13 sub-Saharan countries, suggested a net loss of R1.2bn in contrast to an R800 million loss a yr earlier. The group’s headline loss […]