| |
Set out below is a list of the significant subsidiaries and associates of the Group at 31 March 2024, held directly by Telkom SA SOC Ltd. Unless
otherwise stated, the entities as listed below have share capital consisting solely of ordinary shares, which are held directly by the Group and the
proportion of ownership interest held equals to the voting rights held by the Group.
| |
Country of
incorporation |
Issued share
capital
2023
R |
Interest
in issued
ordinary share
capital
2023
% |
Ownership
interest held
by non-
controlling
interest
2023
% |
| Business Connexion Group Ltd |
RSA |
2 280 500 |
100 |
– |
2 280 500 |
100 |
– |
| Openserve (Pty) Ltd |
RSA |
11 212 194 372 |
100 |
– |
11 212 194 372 |
100 |
– |
| Trudon (Pty) Ltd |
RSA |
100 000 |
100 |
– |
100 000 |
100 |
– |
| Rossal No 65 (Pty) Ltd |
RSA |
100 |
100 |
– |
100 |
100 |
– |
| Acajou Investments (Pty) Ltd t/a |
|
|
|
|
|
|
|
| VS Gaming |
RSA |
100 |
100 |
– |
100 |
100 |
– |
| Swiftnet SOC Ltd1 |
RSA |
5 000 000 |
100 |
– |
5 000 000 |
100 |
– |
| Number Portability Company |
|
|
|
|
|
|
|
| (Pty) Ltd2 |
RSA |
100 |
20 |
– |
100 |
20 |
– |
| Gyro Properties (Pty) Ltd |
RSA |
100 |
100 |
– |
100 |
100 |
– |
| Gyro Group (Pty) Ltd |
RSA |
100 |
100 |
– |
100 |
100 |
– |
| 1 |
Investment in Swiftnet is disclosed as an asset held for sale in the current year. Refer to note 12.2. |
| 2 |
There are no significant restrictions on the ability of the associate to transfer funds to the Group in the form of cash dividends, or to repay loans or advances made by the Group. |
| The disclosure of the interest in Number Portability Company (Pty) Ltd is as follows: |
31 March
2023
Rm |
| Closing carrying value |
12 |
12 |
The total non-controlling interest for the year is R21 million (31 March 2023: R23 million) and relates to Business Connexion and Trudon and is
not considered material to the Group.
| Interest in operating profits, before eliminations, from subsidiaries |
| 2024 |
|
|
|
|
| Business Connexion Group Ltd |
12 915 |
1 348 |
849 |
532 |
| Openserve (Pty) Ltd |
12 511 |
3 952 |
1 428 |
160 |
| Swiftnet SOC Ltd1 |
1 321 |
990 |
919 |
659 |
| Telkom Foundation2 |
64 |
(9) |
(9) |
(7) |
| Gyro Properties (Pty) Ltd |
59 |
8 |
– |
3 |
| Gyro Group (Pty) Ltd |
274 |
76 |
66 |
54 |
| 2023 |
|
|
|
|
| Business Connexion Group Ltd |
14 252 |
1 386 |
605 |
478 |
| Openserve (Pty) Ltd |
7 548 |
1 770 |
(7 105) |
(5 586) |
| Trudon (Pty) Ltd |
5 |
8 |
12 |
(26) |
| Swiftnet SOC Ltd1 |
1 304 |
896 |
833 |
584 |
| Telkom Foundation2 |
63 |
(3) |
(3) |
(2) |
| Gyro Properties (Pty) Ltd |
167 |
125 |
118 |
89 |
| Gyro Group (Pty) Ltd |
332 |
89 |
86 |
68 |
| 1 |
Investment in Swiftnet is disclosed as an asset held for sale in the current year. Refer to note 12.2. |
| 2 |
Non-profit making trust. |
None of the Group's equity-accounted investees are publicly listed entities and consequently do not have published price quotations.
|
