South African telecom operator, Telkom announced on August 2 that it is launching a new mobile financial service on the local market. The service is a funeral insurance offer in collaboration with the insurer, Guardrisk.

This investment is in line with the strategic reorientation adopted by Telkom to diversify its revenues to cope with the rapid fall in the fixed-line segment, which now represents only 20% of its revenues against 56% in 2013.

For more information, please see https://www.ecofinagency.com/telecom/0308-41693-sa-s-telkom-steps-into-the-financial-services-market