Minister of Communications and Digital Technologies Solly Malatsi has welcomed Telkom SOC Limited’s annual results, which showed revenue of R44.5 billion and continued growth in its data-driven business, including an increase in mobile subscribers to 25 million.
The performance was reported in Telkom’s annual financial results for the year ended 31 March 2026.
“The results reflect continued progress in the implementation of Telkom’s strategy and demonstrate the value of disciplined execution, operational efficiency and a sustained focus on growth areas. The results highlight the growing importance of digital connectivity and data services in South Africa’s economy,” the Minister said on Tuesday.
Telkom, a JSE-listed telecommunications company in which the South African government holds a 40.5% stake, remains a strategic asset in the country’s digital ecosystem and a significant contributor to economic activity.
The group’s stronger financial position enabled the board to raise its dividend payout ratio and declare an ordinary dividend of 270 cents a share, up 65.7% from the previous year.
“As a shareholder, the South African government will receive approximately R559 million in dividend income, up from R540 million in the previous financial year. This income adds to the resources available to support the state’s broader developmental priorities and public service delivery commitments.
“Telkom’s extensive fixed and wireless infrastructure continues to play an important role in expanding connectivity and supporting South Africa’s digital transformation objectives. Its national fibre backbone, metropolitan networks and wireless access platforms form part of the critical infrastructure that enables economic participation, innovation and access to digital services,” he said.
The Minister said he looks forward to Telkom building on this performance while helping to create a more connected, inclusive and competitive digital economy in South Africa.
He congratulated the Telkom board, led by chairperson Geoffrey Qhena, the executive leadership team under Group Chief Executive Officer Serame Taukobong, and all employees on the group’s performance. -SAnews.gov.za
