Telkom appoints chair of its pay-TV unit

(Reuters) - South African fixed-line operator Telkom announced on Monday the appointment as chairman of its new Telkom Media pay-TV service Connie Molusi, the former chief executive of South Africa's second-biggest media firm, Johnnic Communications (Johcom).

Telkom Media is one of 17 companies applying to the country's communications regulator for a commercial satellite and cable broadcasting licence to rival Africa's biggest media firm, Naspers' monopoly.


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S.African stocks slip; gold miners sag,Telkom stars

(Reuters) - South African stocks dipped on Friday as a stronger rand and a lacklustre gold price hit miners but fixed-line phone firm Telkom jumped on signs the onset of fully-fledged competition could be delayed.

The Johannesburg Top-40 index of blue-chip stocks slipped 1 percent to 25,536.42 points, after falling more sharply earlier in the day following weakness on Asian markets.


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