Monday, July 7, 2025

Telkom Fined R449 Million By Competition Tribunal For “Price Fixing Monopoly”

Finally! The Competition Tribunal today fined Telkom R449 million for “abusing its dominance in the telecommunications market between 1999 and 2004.” The fine followed a decade-long investigation into the company’s practices. This immediately affected their JSE activity as well, with the share price falling this morning by 16c to R17,89.