Telkom’s black sheep

• Telkom's BCX business continues to act as a drag on the group's performance despite Telkom's successful comeback.
• BCX was acquired by Telkom in 2015 for R2.7 billion, and its acquisition led to synergistic contract wins and diversified revenue streams.
• The struggles of BCX to make money have raised concerns about the future of the business, with implications for Telkom's overall performance and potential restructuring or divestment.