The South African Government, represented by the Department of Communication and Digital Technologies, exercises significant influence over
the Group. Telkom is classified as a schedule 2 major public entity in terms of the Public Finance Management Act. Telkom is part of the
national sphere of government, and its related parties in that sphere include national departments, constitutional institutions and public entities
(schedule 1, 2 and 3). Telkom is therefore related to major public entities, national government departments and all other entities within the
national sphere of government. A list of related parties is provided by National Treasury on its website.
Related parties include subsidiaries and associates of the Group. It also includes Directors and key management personnel of Telkom and close
family members of these related parties. Key management personnel and Directors for Telkom include the Group's Board of Directors and Exco.
The Group has applied the exemption in IAS 24 paragraph 25 in respect of related party transactions and outstanding balances with
government-related entities. The nature of the Group's transactions with these entities are within the ordinary course of operations.
| |
Group |
Company |
| Details of material transactions and balances with related parties not disclosed separately in
the financial statements were as follows: |
31 March
2025
Rm |
31 March
2025
Rm |
| With national entities: |
|
|
|
|
| Related party transactions |
|
|
|
|
| Spectrum |
— |
972 |
— |
972 |
At 31 March 2025, the Government of South Africa held 40.5% (31 March 2024: 40.5%) of Telkom's shares and had the ability to exercise
significant influence, and the Public Investment Corporation held 8.44% (31 March 2024: 15.89%) of Telkom's shares.
| |
Company |
| |
31 March
2025
Rm |
31 March
2025
Rm |
| With subsidiaries: |
|
|
| Business Connexion Group Ltd |
|
|
| Related party balances |
|
|
| Trade receivables |
206 |
184 |
| Other receivables |
45 |
325 |
| Trade and other payables |
(1 487) |
(1 306) |
| Related party transactions |
|
|
| Revenue and other income |
(640) |
(498) |
| Expenses |
620 |
643 |
| Interest expense |
— |
62 |
| Dividend received |
(279) |
(2 436) |
| Openserve (Pty) Ltd |
|
|
| Related party balances |
|
|
| Other receivables |
639 |
1 097 |
| Loans, preference shares and other facilities |
8 743 |
8 719 |
| Trade and other payables |
(625) |
(631) |
| Related party transactions |
|
|
| Revenue and other income |
(800) |
(747) |
| Expenses |
5 286 |
5 716 |
| Interest received |
(903) |
(932) |
| Trudon (Pty) Ltd |
|
|
| Related party balances |
|
|
| Trade and other payables |
(7) |
(12) |
| Swiftnet SOC Ltd1 |
|
|
| Related party balances |
|
|
| Other receivables |
— |
39 |
| Loans, preference shares and other facilities |
— |
356 |
| Trade and other payables |
— |
(106) |
| Related party transactions |
|
|
| Expenses |
339 |
260 |
| Dividend received |
(365) |
(483) |
| Interest received |
(35) |
(37) |
| Interest expense |
1 |
3 |
| Acajou Investments (Pty) Ltd t/a VS Gaming |
|
|
| Related party balances |
|
|
| Other receivables |
(92) |
(92) |
| Trade and other payables |
92 |
92 |
| Telkom Foundation |
|
|
| Related party balances |
|
|
| Trade and other payables |
(12) |
(11) |
| Related party transactions |
|
|
| Expenses |
55 |
64 |
| Interest expense |
2 |
2 |
| |
Company |
| |
31 March
2025
Rm |
31 March
2025
Rm |
| Gyro Group (Pty) Ltd |
|
|
| Related party balances |
|
|
| Trade receivables |
8 |
(16) |
| Other receivables |
38 |
8 |
| Trade and other payables |
(116) |
(143) |
| Related party transactions |
|
|
| Expenses |
— |
2 |
| Other income |
(92) |
— |
| Interest expense |
5 |
5 |
| Dividend received |
— |
(240) |
| Gyro Properties (Pty) Ltd |
|
|
| Related party balances |
|
|
| Other receivables |
13 |
4 |
| Trade and other payables |
(20) |
(21) |
| Related party transactions |
|
|
| Expenses |
— |
8 |
| Interest expense |
2 |
3 |
| Dividend received |
(586) |
(107) |
| |
Group |
Company |
| |
31 March |
31 March |
31 March |
31 March |
| |
2025 |
2024 |
2025 |
2024 |
| |
Rm |
Rm |
Rm |
Rm |
Key management personnel compensation
(including Directors and Prescribed Officers' remuneration):
Related party transactions |
|
|
|
|
| Short-term employee benefits |
270 |
198 |
208 |
162 |
| Post-employment benefits |
15 |
11 |
11 |
10 |
| Termination benefits |
9 |
6 |
7 |
6 |
| Equity compensation benefits |
21 |
35 |
24 |
32 |
Terms and conditions of transactions and balances with related parties
Except as indicated above, outstanding balances at 31 March 2025 are unsecured, include interest and settlement occurs in cash. There have
been no guarantees provided or received for any related party receivables or payables. Except as indicated above, for the year ended 31 March
2025, the Group has not impaired any of the amounts owed by the related parties. This assessment is undertaken each financial period by
examining the financial position of the related party and the market in which the related party operates.
|
