VIDEO: Tech market watch - 10 August
- Published on 10 August 2012
In this week's market report, telecommunications company Telkom felt the heat this week on the Johannesburg Stock Exchange (JSE), after the telco was fined $55mln by South Africa's Competition Tribunal for anti-competitive behaviour dating back to 2004.
Meanwhile, telecoms and IT solutions provider FoneWorx achieved modest gains on the JSE this week.
This has largely come about as a result of an announcement last week that its shareholders, who hold 52.8% of its stock, will support its buy-back of the Industrial Development Corporation's (IDC's) stake.
Watch the full video of our market report below: