Business »  Topic »  South African telecom operator Telkom launches life insurance business

South African telecom operator Telkom launches life insurance business


Telkom and other mobile operators in South Africa are looking to tap more than 11 million South Africans who do not have bank accounts to offer lending and other financial services

Partly state-owned Telkom has been diversifying its income streams beyond the fixed-line business, which now contributes just over 20 per cent to group revenue, up from 56% in 2013.

South Africa’s telecom operator Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.

Telkom and other mobile operators in South Africa are looking to ...


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