Thoughts on South African and international politics and culture

Friday, September 17, 2004

The market knows the truth
With the second SNO announced by Communications Minister Ivy Matsepi-Casaburri today, there's a notable lack of excitement and optimism amongst the media or the public. The bottom line? We've seen it all before. And already we hear there's controversy, with one of the original SNO bidders bringing an interdict against Matsepi-Casaburri. As usual, the free market knows the truth, and it's with little suprise that we note the distinct lack of movement in Telkom's share price today.