{"id":13267,"date":"2012-08-07T14:13:25","date_gmt":"2012-08-07T12:13:25","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/s-africa-fines-telkom-55-mln-for-bullying\/"},"modified":"2012-08-07T14:13:25","modified_gmt":"2012-08-07T12:13:25","slug":"s-africa-fines-telkom-55-mln-for-bullying","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-fines-telkom-55-mln-for-bullying\/","title":{"rendered":"S.Africa fines Telkom $55 mln for &quot;bullying&quot;"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 7 (Reuters) &#8211; South Africa&#8217;s competition<br \/>\nregulator fined fixed-line operator Telkom 449 million<br \/>\nrand ($55 million) on Tuesday for &#8220;bullying&#8221; its competitors in<br \/>\na market abuse case stretching back to 2004.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The result is likely to be seen as a victory for Telkom.<br \/>\nSouth Africa&#8217;s competition watchdog had originally sought a fine<br \/>\nof 3.5 billion rand in the case, which the struggling company<br \/>\nhas said would be &#8220;catastrophic&#8221; and jeopardise its business.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of Telkom pared losses significantly after the<br \/>\ndecision and were down 0.7 percent at 17.93 rand at 0811 GMT.<br \/>\n($1 = 8.1482 South African rand)<\/p>\n<p> (Reporting by David Dolan, Tiisetso Motsoeneng and Helen<br \/>\nNyambura-Mwaura; 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 Aug 7 (Reuters) &#8211; South Africa&#8217;s competition regulator fined fixed-line operator Telkom 449 million rand ($55 million) on Tuesday for &#8220;bullying&#8221; its competitors in a market abuse case stretching back to 2004. The result is likely to be seen as a victory for Telkom. South Africa&#8217;s competition watchdog had originally sought a fine 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-13267","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\/13267","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=13267"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13267\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}