{"id":110817,"date":"2016-01-31T13:14:13","date_gmt":"2016-01-31T11:14:13","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=110817"},"modified":"2016-01-31T09:14:32","modified_gmt":"2016-01-31T07:14:32","slug":"zumas-own-goals-cause-telkom-to-rejig-its-numbers","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/110817\/zumas-own-goals-cause-telkom-to-rejig-its-numbers\/","title":{"rendered":"Zuma&#8217;s own goals cause Telkom to rejig its numbers"},"content":{"rendered":"<p>Telkom chairman Jabu Mabuza has said that the telecoms company will be adversely affected by the weakening of South Africa\u2019s rand, and its credibility, following President Jacob Zuma\u2019s decision to <strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/149223-rand-plummets-after-zuma-removes-finance-minister.html\">axe\u00a0Nhlanhla Nene<\/a><\/strong> as minister of finance.<\/p>\n<p>Mabuza was speaking to\u00a0the Sunday Times, where he said that South Africa was \u201con the back foot\u201d due to Zuma\u2019s actions.<\/p>\n<p>He said he does not want to think about how international players took the decision by Zuma. \u201cI would rather think about how we\u2019ll be able to dig ourselves out of the debris,\u201d he said.<\/p>\n<p>Telkom buys most of its equipment from international markets, said Mabuza, which means that a weak rand affects how much this equipment costs.<\/p>\n<p>Telkom CEO Sipho Maseko is \u201cfrantically redoing the sums he did last year\u201d, he said.<\/p>\n<h3 class=\"my-4\">Stop the own goals<\/h3>\n<p>Mabuza said the country needed to stop scoring own goals if it wanted to improve its prospects.<\/p>\n<p>\u201cWhether they\u2019re own goals by appointing and firing ministers, or own goals by protest action, or own goals by people saying: I\u2019m going to resign so that I can withdraw my pension. These are all own goals.\u201d<\/p>\n<p>He also touched on SAA, saying he would\u00a0not tolerate government interference \u2013 referencing the \u201cfractious and dysfunctional board\u201d at the airline.<\/p>\n<p>He believes new minister of finance Pravin Gordhan will help resolve the airline\u2019s problems, though.<\/p>\n<p><em>The full report is in the Sunday Times \u2013 31 January 2016.<\/em><\/p>\n<h3 class=\"my-4\">More on Telkom<\/h3>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/general\/104651\/telkom-calls-off-cell-c-acquisition-talks\/\">Telkom calls off Cell C acquisition talks<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/104197\/telkom-profit-hit-by-retrenchments\/\">Telkom profit hit by retrenchments<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telkom chairman Jabu Mabuza has said that the telecoms company will be adversely affected by the weakening of South Africa\u2019s rand, and its credibility.<\/p>\n","protected":false},"author":31,"featured_media":90052,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[26,65],"class_list":["post-110817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-headline","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/110817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=110817"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/110817\/revisions"}],"predecessor-version":[{"id":110821,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/110817\/revisions\/110821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/90052"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=110817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=110817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=110817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}