{"id":325419,"date":"2019-06-25T13:17:17","date_gmt":"2019-06-25T11:17:17","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=325419"},"modified":"2019-06-25T13:17:17","modified_gmt":"2019-06-25T11:17:17","slug":"telkom-ceo-offloads-r11-million-in-shares","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/325419\/telkom-ceo-offloads-r11-million-in-shares\/","title":{"rendered":"Telkom CEO offloads R11 million in shares"},"content":{"rendered":"<p>Telkom chief executive officer, Sipho Maseko has cashed in on the group&#8217;s meteoric share price, offloading 112,368 of his shares, amounting to R10,800,531.<\/p>\n<p>Shares in Telkom have seen a marked increase under Maseko&#8217;s leadership, up from around R60 at the start of the year alone &#8211; and giving the group a current market cap of nearly R50 billion.<\/p>\n<p>In May the group reported a 5.3% jump in operating revenue for the year ended March 2019, spurred by strong growth in its mobile division.<\/p>\n<p><strong>Key salient features:<\/strong><\/p>\n<ul>\n<li>Group operating revenue up 5.3% to R41.8 billion<\/li>\n<li>EBITDA up 8.5% to R11.3 billion<\/li>\n<li>Headline earnings per share was up 22.6% to 722.4 cents per share.<\/li>\n<li>Capex of R7.7 billion with capex to revenue ratio of 18.4%<\/li>\n<li>Final ordinary dividend of 249 cents taking the annual dividend to 362 cents, an increase of 2.0% year on year<\/li>\n<\/ul>\n<p>However, the telco shed more than <a href=\"https:\/\/businesstech.co.za\/news\/telecommunications\/319394\/telkom-sheds-more-than-2000-jobs\/\" target=\"_blank\" rel=\"noopener noreferrer\">2,000 permanent jobs<\/a> over the reporting period &#8211; 12.5% of its workforce.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/06\/Telkom1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-325425\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/06\/Telkom1.png\" alt=\"\" width=\"777\" height=\"444\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/06\/Telkom1.png 777w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/06\/Telkom1-300x171.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/06\/Telkom1-768x439.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/mobile\/319292\/telkom-mobile-adds-4-5-million-subscribers-in-a-year\/\" target=\"_blank\" rel=\"noopener noreferrer\">Telkom Mobile adds 4.5 million subscribers in a year<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telkom chief executive officer, Sipho Maseko has cashed in on the group&#8217;s meteoric share price, offloading 112,368 of his shares, amounting to R10,800,531.<\/p>\n","protected":false},"author":10,"featured_media":299824,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[26,65],"class_list":["post-325419","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\/325419","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=325419"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/325419\/revisions"}],"predecessor-version":[{"id":325431,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/325419\/revisions\/325431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/299824"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=325419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=325419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=325419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}