Cabinet Reshuffle: Tito steps down, Godongwana takes up dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
May 24, 2021
Revenue from next-generation technologies has boosted Telkom’s earnings for the year to 31 March 2021.
Growth, now driven by the mobile business, saw EBITDA grow 11,7% to R11 973-million, with EBITDA margin expanding by 2,8 ppts to 27,7%.
Group revenue grew 0,4% to R43 222-million. Mobile business revenue growth now more than offsets the anticipated structural decline in fixed-voice revenue and revenue pressures from Covid-19. The results showed a change in revenue mix, with legacy fixed-voice income now contributing only 15% to the business.
The group delivered robust underlying earnings growth of 88,1% to R2 622-million, growing BEPS and HEPS by 89,6% and 53,4% respectively compared to the prior year.
Govt pays wool and mohair farmers Govt pays wool and mohair farmers
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Nthatuoa Koeshe
THE government has started paying wool and mohair farmers owed by the Lesotho Wool Centre (LWC) for their fibre auctioned by the company during the 2018/2019 season.
Addressing journalists this week, Deputy Minister of Agriculture, Food Security and Marketing, Likopo Mahase, said a total of 759 farmers have so far been paid.
He said the total number of farmers whose payments were outstanding was 2710 before the government’s intervention. These were owed M10 530 766, 10.
The arrears arose following a 2018 fibre trading policy change by the government which compelled all farmers to sell their fabric through the then only local broker, the LWC.
Agric ministry lifts vegetables ban Agric ministry lifts vegetables ban
THE MINISTRY of Agriculture, Marketing and Food Security has lifted the ban on vegetables imports.
Imposed in February this year, the ban was meant to preserve the market for local producers who have often been forced to compete with imported goods.
The February ban was imposed by the Small Business Development and Cooperatives Ministry.
Among the products that were preserved for local producers are tomatoes, green beans and peppers. The ban was meant to have been lifted 28 February but the process was delayed as the local farmers could still service the market.
Judgement reserved in vendors case - Lesotho Times lestimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lestimes.com Daily Mail and Mail on Sunday newspapers.