Government to form task team over sale of Telkom shares

October 27, 2017

BUSINESS TECH / 27 OCTOBER 2017 - 06.02 / STAFF REPORTER

 

Telecommunication and Postal Services Minister Siyabonga Cwele says government will soon establish a task team to engage Telkom on the sale of a portion of its shares to address a revenue shortfall.

 

The Minister said this shortly after Finance Minister Malusi Gigaba tabled the Medium Term Budget Policy Statement (MTBPS), in which he announced the intention to sell a portion of the State’s shares to avoid a risk of an expenditure ceiling breach of R3.9 billion.

 

 Image - Telkom