The telecommunications giant was optimistic that this would improve Telkom’s BEE rating and enable it to compete fairly in the market.
The B-BBEE ICT Sector Council on Thursday welcomed the announcement by the Minister for Trade and Industry, Dr Rob Davies, that the shares held by government in Telkom would count as having BEE Facilitator Status.
The B-BBEE ICT Sector Council was established in 2015 to give effect to the alignment of the ICT Sector Code with the Revised Generic Codes of Good Practice and to thereafter take responsibility for transformation within the ICT Sector. The ICT Sector Council said it understood the unique position of Telkom insofar as ownership was concerned, with the South African Government as a shareholder.
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