Telkom and South African Airways (and Mango, the new budget airline, spawned recently from SA taxpayer funds) are the two worst companies in South Africa. Telkom may be the worst telecomms company in the world. We pay, on average, nine times more than global best practice for ADSL services. Such services are also much lower quality, and we are forced to accept all sorts of restrictions. See here if you don't believe me.
It therefore gives me great pleasure in letting you all know that Telkom just lost a big court case against an American company, and will have to cough ZAR 1,5 billion. BILLION. Best of all, they thought they'd win, and haven't budgeted for it: "Telkom CEO Papi Molotsane told Business Day last week that it had not set aside any money as it was 'confident it would win' the case. Molotsane said that 'if the case does go against us, then we would have to determine the amount, but we haven’t provided for it'."
2 comments:
Surely this means that Telkom subscribers will get pumped even harder?
Whats wrong with Mango?
Perhaps. But if no-one ever won a court case against them they'd be even worse at what they do.
Mango is SAA bru. An unprofitable national carrier thinks it can enter the most cut-throat low-margin high-risk industry around and survive? I think not. So it's subsidised with profits from SAA's African operations and us, the taxpayer (well not you cos you're lazy and don't work). So much so that it undercuts by a long way the profitable low cost carriers, something which SAA promised it would never do again after the Competition Tribunal klapped it for killing Sun Air. Ya, but I still bought a ticket in Feb for Brendan's wedding. They're bladdy cheap!
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