Gyro continued to rationalise the property portfolio through the accelerated disposal of decommissioned properties that are no longer required for core operational purposes, thereby realising value and optimising the property footprint of Telkom.
Commercialise the property portfolio and dispose of non-core properties
Reduce building costs and enhance operational efficiencies
R92 million property sale cash proceeds realised out of 56 properties transferred
R287 million sales value of properties sold currently undergoing transfer process
Implemented multi-vendor diesel management
Property disposals: Council/municipality delays in issuing rates clearances have a negative impact on conveyancing timelines
Commercialise the property portfolio and dispose of non-core properties
Various property development projects advanced in terms of property development planning. As property developments are deemed non-core for Telkom, certain of these properties will be sold during FY2025. The financial year ended with Gyro realising R92 million in cash proceeds from the transfer of 56 properties sold.
Reduce building costs and enhance operational efficiencies
The implementation of various energy interventions on our core operational properties during the course of the year helped us improve the resilience of our power supply and allows for meaningful contribution towards reducing Telkom’s carbon emissions.
We continued to enhance the resilience and energy-use efficiency of Telkom’s network and operations while reducing carbon emissions. This resulted in Telkom reducing its Scope 1 and Scope 2 emissions by 65 699 tCO2e (9% year‑on‑year reduction) and achieving and exceeding the 4.2% (39 429 tCO2e) annual emissions reduction target.
We prioritised technologies that maximise energy security and decarbonisation while optimising utility and diesel costs. The solutions deployed include solar photovoltaic (PV), lithium-ion batteries and other energy efficiency interventions impacting our network and equipment building utilisation.
Please refer to our Natural capital section for more details.
As at 1 April 2024, 42 properties with a sale value of R287 million remain in the conveyancing process and are anticipated to transfer during the course of FY2025. We plan to dispose of more non-core properties (including some that were earmarked for property development) in the new financial year. This will contribute to further reduce property operating costs and improve the cash position.
Gyro will be part of the team assessing the opportunity for Independent Green Power Producer (IGPP) development by assessing internal demand and external monetisation opportunity.