{"id":11266,"date":"2012-06-08T23:04:59","date_gmt":"2012-06-08T21:04:59","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/safricas-telkom-plans-18-22-bln-rand-capex-over-3-yrs\/"},"modified":"2012-06-08T23:04:59","modified_gmt":"2012-06-08T21:04:59","slug":"safricas-telkom-plans-18-22-bln-rand-capex-over-3-yrs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/safricas-telkom-plans-18-22-bln-rand-capex-over-3-yrs\/","title":{"rendered":"SAfrica&#8217;s Telkom plans 18-22 bln rand capex over 3 yrs"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 8<\/span> (Reuters) &#8211; South Africa&#8217;s Telkom<br \/>\n plans to spend between 18-22 billion rand ($2.17-2.65<br \/>\nbillion) on capital expenditure over the next three years and<br \/>\ntap debt capital markets for part of the funds, its chief<br \/>\nfinancial officer said on Friday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s not going to be a huge amount, probably between 4 and<br \/>\n6 billion rand,&#8221; Jacques Schindehutte told Reuters after the<br \/>\ncompany&#8217;s result presentation on how much it will seek from<br \/>\ncapital markets.<\/p>\n<p><span><\/span><\/p>\n<p>Telkom, the biggest fixed-line phone operator in Africa,<br \/>\nearlier reported a 33 percent drop in full-year earnings, hit by<br \/>\ntough competition and burdensome costs from its new mobile arm.<br \/>\n($1 = 8.3007 South African rand)\t<\/p>\n<p> (Reporting by Tiisetso Motsoeneng and Tebogo Mahlaela, writing<br \/>\nby Agnieszka Flak; Editing by Jon Herskovitz)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, June 8 (Reuters) &#8211; South Africa&#8217;s Telkom plans to spend between 18-22 billion rand ($2.17-2.65 billion) on capital expenditure over the next three years and tap debt capital markets for part of the funds, its chief financial officer said on Friday. &#8220;It&#8217;s not going to be a huge amount, probably between 4 and 6 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11266"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11266\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}