{"id":12164,"date":"2012-05-14T14:01:16","date_gmt":"2012-05-14T12:01:16","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=12164"},"modified":"2012-05-14T14:25:28","modified_gmt":"2012-05-14T12:25:28","slug":"telkom-needs-kt-know-how-analyst","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/12164\/telkom-needs-kt-know-how-analyst\/","title":{"rendered":"Telkom needs KT know-how: analyst"},"content":{"rendered":"

Telkom<\/a> needs leadership that has experience in turning a struggling state-owned telecommunications company around, and knows the challenges which will be faced in achieving this goal. This is according to Hlelo Giyose<\/a>, chief investment officer and principal at First Avenue Investment Management<\/a>.<\/p>\n

Telkom has been struggling financially, with the company\u2019s share price plummeting by 40% over the last twelve months. Even a deal with KT Corp<\/a> did not convince investors and did not do much to bolster the company\u2019s share price.<\/p>\n

However, Metropolitan Asset Managers analyst, Johan de Kock says that there is still hope for Telkom, stating that companies can sometimes \u201cwork themselves out of a mess\u201d.<\/p>\n

De Kock highlighted the example of Clicks, which was written off by some investors a few years ago, but introduced a strong CEO who turned the company around and showed healthy returns to investors.<\/p>\n

However, Giyose argued that Clicks found the right CEO – David Kneale, an international expert from the UK\u2019s Boots – to turn the company around, having had experience in doing exactly that before.<\/p>\n

According to Giyose, Telkom should thus be led by an international CEO who has experience in the challenges which Telkom faces. Interestingly, Giyose suggested someone from Korea Telecom (KT) \u201cwho has done this before\u201d.<\/p>\n

\u201cGovernment\u2019s mistake with Telkom was that it should not have hired Pinky Moholi<\/a> as CEO. They should have hired someone from South Korea Telecom and said \u2018you have turned around an ailing state-owned enterprise\u2026come and do it here.\u201d<\/p>\n

\u201cGuess what Pinky has done \u2013 she has gone to get that South Korea help [with the KT Corp deal],\u201d Giyose said.<\/p>\n

Related articles<\/strong><\/p>\n

Telkom with CEO Moholi \u2013 one year on<\/strong><\/a><\/p>\n

Telkom-KT Corp deal bad news for Vodacom and MTN: analyst<\/strong><\/a><\/p>\n

Telkom, 8ta and ADSL service challenges<\/strong><\/a><\/p>\n

Telkom CEO on the right track \u2013 MWEB ISP boss<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Telkom needs leadership that has experiencing in turning a struggling state-owned telecoms company like Telkom around, according to an analyst.<\/p>\n","protected":false},"author":10,"featured_media":4802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[2740,26,2159,2739,1666,1781,1077,65],"class_list":["post-12164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-david-kneale","tag-headline","tag-hlelo-giyose","tag-johan-de-kock","tag-kt","tag-kt-corp","tag-pinky-moholi","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/12164","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=12164"}],"version-history":[{"count":13,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/12164\/revisions"}],"predecessor-version":[{"id":12284,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/12164\/revisions\/12284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4802"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=12164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=12164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=12164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}