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Government to receive R559m as Telkom lifts dividend after stronger earnings

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By Lebone Rodah Mosima

Communications and Digital Technologies Minister Solly Malatsi has welcomed Telkom SA SOC Ltd’s annual results after the telecommunications group lifted revenue, grew data income and declared a higher ordinary dividend that will deliver about R559 million to the South African government.

Telkom, in which the government holds a 40.5% stake, reported a 1.4% rise in group revenue to R44.5 billion for the year ended 31 March 2026, supported by growth in its consumer and Openserve businesses, although this was partly offset by weaker revenue at BCX, its business technology arm.

The group’s data-led strategy continued to gain traction, with data revenue rising 7.6% to R26.6 billion and now accounting for 59.8% of total revenue.

Telkom Mobile surpassed 25 million subscribers, while mobile data subscribers grew 31.1% to almost 20 million.

“The results reflect continued progress in the implementation of Telkom’s strategy and demonstrate the value of

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