Telkom takes next steps in turnaround

Telkom has announced the next steps in its strategy to position the company for a more competitive environment and to ensure its sustainability over the long term. According to statement from Telkom, the organisation respects the decision of the Labour Court handed...

Will oil price drive an SA turnaround?

Recent drastic declines in the international oil price and the resultant sharp cuts in the local petrol price could herald a sharp turnaround in South Africa’s more immediate fortunes, says Old Mutual Investment Group. And this sharp fall, if sustained, will have a...

HP’s revenue down, turnaround on track

HP has announced that its net revenue for the full year ended 31 October 2014 was down 1% on the previous year, at $111,5-billion. Fiscal 2014 non-GAAP diluted net earnings per share were $3.74, within the previously provided outlook of $3.70 to $3.74 per share....

Telkom turnaround strategy still on track

Telkom has increased EBIDTA, earnings and revenue during the six months ended 30 September, while reducing its expenses. The company today published its six-month results, reporting that group EBITDA excluding one-off items increased by 12,1% to R4,4-billion, while...

Gijima turnaround shows positive results

Gijima’s turnaround strategy has shown significant progress, according to CEO Eileen Wilton, speaking at the announcement of Gijima’s 2013 interim financial results. Gijima has restored profitability, with earnings before interest, tax and depreciation (EBITDA)...