Difficult to tell how big problem is 'until Tongaat Hulett releases results'
Gary McNamara of Sanlam Private Wealth says although Telkom would still be by quite some distance the third mobile operator if it had acquired Cell C, which is always a difficult place to play, it really needs the numbers.
But by the same token Telkom was not prepared to pay up as much as Cell C would have wanted.
He says it very sad for a company with a history such as that of Tongaat Hulett to suffer the scandal and reckons it is difficult to tell how big the problem is until the company released results.
I think, again, it is a case of management not wanting to tell the market the bad news, kick it down the road because of, perhaps, share options or some sort of incentive structure that they've got.Gary McNamara of Sanlam Private Wealth
Eventually, you just can't keep kicking the can down the road and something triggers, maybe less land sales going forward and then a can of worms comes home to roost.Gary McNamara of Sanlam Private Wealth
Listen below for more...
This article first appeared on 702 : Difficult to tell how big problem is 'until Tongaat Hulett releases results'
It’s possible that all the games will take place in Nelspruit, says IOL sports editor John Goliath.Read More
Thabane Zulu (former DG, Human Settlements) reluctantly testified before the Zondo commission on Thursday, says eNCA’s Erin Bates.Read More
'Mr Eazi' launched the Africa Music Fund to support the continent's creative talent. Bruce Whitfield interviews Lee Kasumba.Read More
Justin Chadwick (Citrus Growers' Association) says it's all thanks to the perceived immune-boosting attraction of Vitamin C.Read More
Bruce Whitfield interviews Whitey Basson, who believes it's just not good enough for govt to say ban will be lifted but not when.Read More
Bruce Whitfield talks to MTN CFO Ralph Mupita about the reasons for the move and the company's huge profit increase.Read More
"It’s not rational to allow packed taxis, but not a glass of wine in a controlled environment," says Francois Rossouw.Read More
Samsung's latest offering, the Galaxy Note20 smartphone, goes on sale in South Africa on 21 August as Kieno Kammies finds out...Read More
"If I was President Cyril Ramaphosa, I would take these suggestions seriously," says the UDM leader Bantu Holomisa.Read More
Marc Lubner on the NGO's programmes for young South Africans and how working with Nelson Mandela inspired his life's work.Read More