Telkom SOC Limited has announced robust annual financial results for the year ended 31 March 2026, posting total revenue of R44.5 billion and underscoring the momentum of its data-centric growth strategy. The results, welcomed by Minister of Communications and Digital Technologies Solly Malatsi, reflect significant progress in expanding digital connectivity across South Africa.
The state-owned telecommunications provider, listed on the Johannesburg Stock Exchange with the South African government holding a 40.5% equity stake, reported growth across key performance indicators, including a rise in mobile subscribers to 25 million. The results highlight the increasing centrality of data services and digital infrastructure to the nation’s economic development.
In a statement issued Tuesday, Minister Malatsi commended Telkom’s strategic execution: “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.”
Enhanced Shareholder Returns Reflect Financial Strength
Telkom’s improved financial position enabled the board to increase its dividend payout ratio, declaring an ordinary dividend of 270 cents per share—a 65.7% year-on-year increase. As a major shareholder, the South African government is set to receive approximately R559 million in dividend income, up from R540 million in the prior financial year. Minister Malatsi noted that these funds contribute to the state’s broader developmental priorities and public service delivery commitments.
Infrastructure as a Catalyst for Digital Inclusion
The Minister emphasized Telkom’s critical role in advancing South Africa’s digital ecosystem. “Telkom’s extensive fixed and wireless infrastructure continues to play an important role in expanding connectivity and supporting South Africa’s digital transformation objectives,” he stated. “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.”
Industry analysts note that Telkom’s investment in next-generation networks positions the company to capitalize on rising demand for cloud services, enterprise solutions, and affordable consumer data—key drivers in an increasingly digitized economy.
Leadership Acknowledged Amid Strategic Momentum
Minister Malatsi extended congratulations to Telkom’s leadership team, including Board Chairperson Geoffrey Qhena and Group Chief Executive Officer Serame Taukobong, as well as the broader workforce for their contributions to the group’s performance. He expressed confidence that Telkom would build on this momentum to foster a more connected, inclusive, and competitive digital economy.
Looking ahead, Telkom’s strategic focus remains on accelerating network modernization, expanding rural and underserved connectivity, and deepening partnerships to drive innovation across public and private sectors. With digital adoption continuing to rise across Africa, the company’s results signal a pivotal phase in South Africa’s journey toward a digitally empowered future.