The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

The Chairperson of the Portfolio Committee on Communications and Digital Technologies, Ms Khusela Sangoni Diko, welcomes Telkom’s inspiring financial and operational performance for the financial year ended 31 March 2026.
 
Ms Diko notes with appreciation the company's continued growth trajectory, which saw revenue increase by 1.4% to R44.48 billion, and overall profit surge by 27.5% to R3.55 billion. The company also recorded a 30.1% increase in headline earnings per share from continuing operations and declared a final dividend of 270.10 cents per share.
 
Ms Diko is particularly encouraged by the strong performance of Telkom's mobile business, which surpassed the 25 million subscriber mark, as well as the significant progress made by Openserve, which achieved full-year revenue growth for the first time in nine years. These achievements took place under a broader context of a country on a positive trajectory towards recovery led by President Cyril Ramaphosa.
 
Importantly, Telkom has declared R559 million dividends to the fiscus through government’s 40.51% shareholding in the company. Ms Diko believes that the dividends highlight the value of maintaining strategic investments in commercially viable entities that generate both developmental and financial benefits for the country.
 
She said: “These results demonstrate what can be achieved when sound governance, strategic planning and operational excellence are aligned. Telkom's performance is a clear demonstration that state-owned entities can thrive when they are guided by a clear vision, disciplined execution and strong corporate governance.”

Lastly, Ms Diko said that the success of Telkom illustrates that commercial sustainability and developmental objectives can reinforce one another, saying that investments in connectivity infrastructure, digital inclusion and innovation ultimately contribute to economic growth, job creation and improved opportunities for all South Africans.
 

Issued by the Parliamentary Communication Services on behalf of the Chairperson of the Portfolio Committee on Communications and Digital Technologies, Ms Khusela Sangoni-Diko