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Annexure A – Shareholder analysis

  Number of
shareholders
Percentage Holdings Percentage
Range of shareholders        
1 – 100 shares 60 135 72.48 1 874 716 0.37
101 – 1 000 shares 20 198 24.34 5 299 473 1.04
1 001 – 10 000 shares 2 019 2.43 5 422 813 1.06
10 001 – 50 000 shares 290 0.35 6 891 594 1.35
50 001 – 100 000 shares 102 0.12 7 441 168 1.46
100 001 – 1 000 000 shares 173 0.21 51 116 005 10.00
1 000 001 shares and over 49 0.07 433 094 470 84.72
  82 966 100 511 140 239 100
Type of shareholder        
Banks/brokers 99 0.12 93 887 030 18.37
Close corporations 29 0.03 56 065 0.01
Endowment funds 88 0.11 520 365 0.10
Individuals 79 548 95.88 14 478 685 2.83
Insurance companies 40 0.05 12 537 632 2.45
Investment companies 3 1 158 965 0.23
Medical schemes 14 0.02 807 022 0.16
Mutual funds 248 0.30 76 514 831 14.97
Other corporations 107 0.13 207 085 919 40.51
Private companies 142 0.17 752 156 0.15
Retirement funds 270 0.33 79 231 321 15.50
Sovereign Wealth Funds 4 1 154 422 0.23
Telkom treasury stock 4 22 107 686 4.33
Trusts 2 370 2.86 848 140 0.16
  82 966 100 511 140 239 100
Geographical holdings by owner        
South Africa 82 690 99.67 407 044 768 79.63
United States 60 0.07 79 460 030 15.55
United Kingdom 34 0.04 7 114 331 1.39
Europe 43 0.05 11 086 834 2.17
Other 139 0.17 6 434 276 1.26
  82 966 100 511 140 239 100
  Holdings %
Beneficial shareholders of more than 2%    
Government of the Republic of South Africa 207 038 059 40.51
Government Employees Pension Fund 56 619 564 11.08
Telkom SA Soc Ltd 22 107 686 4.33
Vanguard 10 683 272 2.09
M&G Investments 17 792 122 3.48
Old Mutual 11 386 588 2.23
  325 627 291 63.72
Foreign custodians holding 2% or more    
Citibank (Custodian) 22 615 092 4.42
State Street Bank & Trust Co (Custodian) 28 234 025 5.52
  50 849 117 9.94
Public and non-public shareholders Number of
shareholders
Percentage Holdings Percentage
Non-public shareholders 17 0.02 229 779 966 44.95
Government of the Republic of South Africa 1 0.00 207 038 058 40.51
Government buffer account 1 0.00 9 461 0.00
Telkom Treasury Stock 4 0.00 22 107 686 4.33
Executive and Non-executive Directors and Prescribed Officers1 4 0.01 327 783 0.06
Subsidiaries' Directors1 7 0.01 296 978 0.05
Public shareholders        
Institutional and retail investors 82 949 99.98 281 360 273 55.05
  82 966 100 511 140 239 100
1 Directors' holdings comprise direct and indirect beneficial holdings.

The information above is based on registered shareholders, except where only beneficial shareholders' information was available as at 31 March 2026.

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