| |
Set out below is a list of the significant subsidiaries and associates of the Group at 31 March 2026, 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.
| |
Issued share
capital |
Interest in
issued ordinary
share capital |
Ownership interest held by
non-controlling
interest |
| |
Country of incorporation |
31 March
2025
R |
31 March
2025
% |
31 March
2025
% |
| 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 Gaming1 |
RSA |
— |
— |
— |
100 |
100 |
— |
| Number Portability Company2 |
RSA |
100 |
20 |
— |
100 |
20 |
— |
| Gyro Properties (Pty) Ltd |
RSA |
100 |
100 |
— |
100 |
100 |
— |
| Gyro Group (Pty) Ltd3 |
RSA |
— |
— |
— |
100 |
100 |
— |
| 1 |
Deregistration was finalised in the current year. |
| 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. |
| 3 |
Gyro Group was divisionalised into Telkom Company in the current financial year. |
| The disclosure of the interest in Number Portability Company is as follows: |
31 March
2025
Rm |
| Closing carrying value |
13 |
12 |
The total non-controlling interest for the year is R15 million (31 March 2025: R16 million) and relates to Business Connexion and Trudon and is
not considered material to the Group.
Interest in operating profits, before eliminations, from subsidiaries
31 March 2026 |
| Business Connexion Group Ltd |
11 412 |
1 104 |
614 |
472 |
| Openserve (Pty) Ltd |
12 632 |
4 219 |
1 863 |
649 |
| Telkom Foundation1 |
71 |
(2) |
(2) |
(1) |
| Gyro Properties (Pty) Ltd |
1 |
92 |
91 |
103 |
| Gyro Group (Pty) Ltd |
— |
(18) |
(24) |
(18) |
| |
|
|
|
|
| 31 March 2025 |
|
|
|
|
| Business Connexion Group Ltd |
12 345 |
1 189 |
599 |
406 |
| Openserve (Pty) Ltd |
12 349 |
4 005 |
1 525 |
363 |
| Swiftnet SOC Ltd2 |
1 221 |
912 |
819 |
576 |
| Telkom Foundation1 |
74 |
5 |
5 |
7 |
| Gyro Properties (Pty) Ltd |
8 |
544 |
534 |
453 |
| Gyro Group (Pty) Ltd |
161 |
(12) |
(24) |
(19) |
| 1 |
Non-profit making trust. |
| 2 |
In the prior year, Telkom sold its 100% shareholding in Swiftnet effective 31 January 2025. The above interest in operating profits, before eliminations, is for a period of
10 months up until 31 January 2025. Refer to note 12.2. |
None of the Group's equity-accounted investees are publicly listed entities and consequently do not have published price quotations.
|
