By Simnikiwe Mzekandaba, IT in government editor
10 Aug 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.
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