However, the city's low collection levels as a result of the billing crisis could lead to a downgrade, it cautions.
Reports said a deal would be announced for as much as $1.5 billion in the coming week.
An agreement with the Korea-based company could see Telkom becoming more innovative and offering better services.
The company is in talks to sell a 20% stake to the Korea-based telecoms company.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The company pays out $125 million to shareholders in five years.
The unit causes the company to temporarily default on a long-term loan.
Most shareholders vote in favour of the R499 million buyout bid.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The company will report full-year results later today and expects per share earnings to plummet.
The Technical Secondary Schools Recapitalisation Conditional Grant will improve and modernise technical schools.
Basic earnings will leap more than 100% in the year to August.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
Xpertek's Acquire will be used for in-house and discounted deals through Route Quest's branch network.
The Department of Labour achieves a clean audit for the first time in six years.
The city only has enough cash to last a week, instead of the required three months.