{"id":11618,"date":"2012-06-19T11:35:00","date_gmt":"2012-06-19T09:35:00","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africa-mulls-telkom-nationalisation\/"},"modified":"2012-06-19T11:35:00","modified_gmt":"2012-06-19T09:35:00","slug":"s-africa-mulls-telkom-nationalisation","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-mulls-telkom-nationalisation\/","title":{"rendered":"S.Africa mulls Telkom nationalisation"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 19<\/span> (Reuters) &#8211; The South African<br \/>\ngovernment, a top shareholder in Telkom, could delist<br \/>\nand nationalise the struggling telecoms operator, Business Day<br \/>\nnewspaper reported, citing a source close the communication<br \/>\ndepartment.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The government is looking for a way to direct Telkom to<br \/>\nmeet its development agenda without being hampered by the rules<br \/>\nof the JSE,&#8221; the nation&#8217;s leading business daily quoted the<br \/>\nsource as saying.<\/p>\n<p><span><\/span><\/p>\n<p>Earlier this month, the government, which together with the<br \/>\nstate-run pension fund hold over 50 percent of Telkom, rejected<br \/>\nKT Corp&#8217;s $385 million offer for a stake in the<br \/>\ncompany, saying the firm was a strategic asset in its plan to<br \/>\nroll out internet to all South Africans by 2020.<\/p>\n<p><span><\/span><\/p>\n<p>The deal would have diluted the government holding to less<br \/>\nthan 50 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts have said the rejection of KT&#8217;s offer underscored<br \/>\nthe apparent determination of the government not to cede control<br \/>\nof a company that many in the ruling African National Congress<br \/>\nview as an arm of government.<\/p>\n<p><span><\/span><\/p>\n<p>The ANC last year tried unsuccessfully to roll back approval<br \/>\nfor Wal-Mart&#8217;s $2.4 billion acquisition of retailer<br \/>\nMassmart.<\/p>\n<p><span><\/span><\/p>\n<p>A communication department spokesman could not be<br \/>\nimmediately reached for comment. <\/p>\n<p> (Reporting by Tiisetso Motsoeneng; Editing by Hans-Juergen<br \/>\nPeters)<\/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 19 (Reuters) &#8211; The South African government, a top shareholder in Telkom, could delist and nationalise the struggling telecoms operator, Business Day newspaper reported, citing a source close the communication department. &#8220;The government is looking for a way to direct Telkom to meet its development agenda without being hampered by the rules of [&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-11618","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\/11618","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=11618"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11618\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}