Telkom profit plummets 92%

Telkom has posted a 92% decline in profit in the the year to 31 March. Headline earnings a share were 46.8c the, compared with R61.05 the previous year. Telkom's sale of its stake in Vodacom and its purchase of an interest in Nigerian operator Multi-Links have both had a negative effect on Telkom's earnings. Read more: Times Live