(Reuters) - Shares in Telkom SA Ltd., surged nearly 8 percent in early trade on Tuesday after a report said its top shareholder, the South African government, could be planning to buy the outstanding stock in the struggling company.
Telkom, in which the government owns more than a 50 percent stake jointly with the state-run pension fund, was up 3.8 percent at 21.14 rand (US$2.57) by 0953 GMT (0553 EST), on track for its biggest percentage gain in more than three months.
Citing a
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