13 / 172
Telkom Integrated Report 2017
13
Shareholding as at 31 March 2017
Telkom is a Johannesburg Stock Exhange (JSE) listed company with the share code TKG.
* Following the downgrade of the South African sovereign rating, Standard & Poor’s
and Moody’s affirmed our credit rating at BBB- and Baa3, respectively, and changed
our outlook to negative from stable.
Group operating structure
The table below sets out our operating structure. Further information on each business unit and subsidiary
is provided on the pages that follow, refer to page 62 for further information on our operating model.
62
Group
Divisions
100% owned
subsidiaries
64.9% owned
subsidiary
South African listed debt
Bonds
Listed bonds
TL20
Commercial paper
TLC01
TLC02
Telkom credit ratings
Moody’s
Standard & Poor’s
Issuer rating
Long-term global scale
Baa3
BBB-
Long-term national scale
Aa1.za
-
Outlook
Negative*
Negative*
Date
13/6/2017 10/4/2017
39.3%
Government of
South Africa
51.8%
Institutional
shareholders
3.4%
Non-institutional
shareholders
2.2%
Miscellaneous*
3.3%
Treasury shares
Equity shareholding
* Small shareholders
-
mostly retail clients.
Debt holding information
Consumer