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Telkom SA SOC Ltd Shares (JSE: TKG)

JSE Communication Services Telecom Services

R61.49 −R0.51 (−0.82%)
At close: 11 Nov 2026

TKG Stock Chart

Key Statistics

Market Cap
R31.02bn
P/E Ratio (TTM)
8.82
EPS (TTM)
R7.12
Dividend Yield
4.27%
52-Week Range
R46.07 – R66.61
Day Range
R61.21 – R63.40
Volume
925,190
Avg. Volume (50 Days)
750,845
Beta
0.47
50-Day Average
R54.89
200-Day Average
R57.66
Shares Outstanding
494.04m

About Telkom SA SOC Ltd

Telkom is a South African communications and IT group. It sells mobile and fixed-line services, including broadband, voice, content and gaming, and offers business customers connectivity, managed networking, unified collaboration and other digital services. It serves households, companies, public bodies and wholesale buyers, and it also works in the United States, the United Kingdom and the rest of Europe.

The group is organised in three segments. Openserve provides network and wholesale connectivity, Telkom Consumer serves households and individuals, and BCX supplies IT services to businesses and public bodies. Smaller activities include advertising and e-commerce services, printed directories, international maritime services, insurance products and the rental of network equipment, property and vehicles. The group dates from 1991.

Sector
Communication Services
Industry
Telecom Services
Listed
JSE: TKG
Headquarters
Centurion
Country
South Africa
Employees
9,492
Year End
March
Website
telkom.co.za
ISIN
ZAE000044897

Earnings

Next Earnings
17 Nov 2026
EPS Est. (FY 2027)
R7.69
7 analysts

Our Analysis

Telkom SA SOC Ltd is a South African wireline and wireless telecommunications company listed on the Johannesburg Stock Exchange (JSE) that operates as information and communications technology (ICT) services provider in South Africa.

The graph below shows the latest Telkom SA SOC Ltd share price (JSE: TKG). The past year has been particularly significant for Telkom, witnessing a notable shift in its financial trajectory and investor sentiment.

After a period of strategic cash conservation, primarily aimed at securing valuable spectrum licenses and strengthening its balance sheet, Telkom has triumphantly resumed dividend payments, signaling a return to shareholder-focused value creation. This decision, announced in June 2025, followed a remarkable 62.3% surge in full-year earnings, underscoring the effectiveness of the company’s strategic initiatives and operational improvements.

Recent Developments

The financial highlights of Telkom’s recent performance paint a compelling picture of growth and profitability. A robust 10.2% increase in mobile service revenue and a 10% rise in fibre-related data revenue fueled a 3.3% overall revenue increase, reaching 43.8 billion rand. Furthermore, adjusted EBITDA soared by 25.1% to 11.7 billion rand, with the EBITDA margin expanding to 26.9%, reflecting the success of Telkom’s cost-optimization efforts and efficiency gains.

The resumption of dividends, a pivotal moment for Telkom and its shareholders, involved a final dividend of 163 cents per share and a special dividend of 98 cents per share, collectively returning 1.3 billion rand (approximately $73.28 million) to investors. This move not only demonstrates Telkom’s commitment to rewarding its shareholders but also signifies its confidence in its future financial performance and cash-generating capabilities.

The resumption of dividends, a pivotal moment for Telkom and its shareholders, involved a final dividend of 163 cents per share and a special dividend of 98 cents per share, collectively returning 1.3 billion rand (approximately $73.28 million) to investors. This move not only demonstrates Telkom’s commitment to rewarding its shareholders but also signifies its confidence in its future financial performance and cash-generating capabilities.

Who is Telkom SA SOC Ltd ?

Telkom SA SOC Limited is majority-privatised with it being a 39% state-owned enterprise.

The Telkom Foundation was established to bridge the digital divide, with projects including the Connected Schools programme, while FutureMakers is an enterprise and supplier development initiative that empowers digital entrepreneurs to realise their vision.

The history of Telkom SA SOC Ltd can be traced back to 1910 and it was founded as the Department of Posts and Telegraphs. Since 1991 it operates as Telkom SA SOC Ltd.

Today, Telkom SA SOC Ltd has a diversified portfolio of products and services in more sectors of the Telecommunications value chain and renders the following services: integrated communications and information technology (IT) services to residential, business, government, wholesale, and corporate customers in South Africa and internationally.

Telkom SA SOC Ltd offers mobile and fixed-line telecommunication services, including broadband, optical and carrier, broadband data, voice, content, and gaming solutions; cloud computing, unified communications and collaboration, security, big data analytics, and mobility solutions; enterprise and applications solutions, and IT managed services and infrastructure; digital and social media advertising and e-commerce services.

Major shareholders are the Government of the Republic of South Africa and Telkom Treasury Stock.

The current CEO of Telkom SA SOC Ltd is Sipho Maseko.

Telkom SA SOC Ltd’s equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol TKG.

Telkom SA SOC Ltd forms part of the Telecommunications sector, specifically, the Fixed Line Telecommunications industry of the Johannesburg Stock Exchange (JSE).

Telkom SA SOC Ltd Stock Chart – 5 Year

Market analysts have generally adopted a cautiously optimistic stance on Telkom’s stock, with price targets ranging from 2,900.00 ZAc to 4,500.00 ZAc. As of March 7, 2025, Telkom’s stock was trading at 3,482.00 ZAc, with a market capitalization of 17.71 billion rand. The company’s trailing twelve months (TTM) revenue stood at 43.19 billion rand, with a net income of 1.97 billion rand, resulting in an earnings per share (EPS) of 3.97 and a price-to-earnings (P/E) ratio of 11.75. These metrics suggest that Telkom’s stock is reasonably valued, with potential for further appreciation as the company continues to execute its strategic plans and deliver strong financial results.

Telkom’s strategic initiatives extend beyond financial performance and encompass asset optimization and operational efficiency. The company’s recent disposal of its masts and towers business, approved by the Competition Tribunal in September 2024, exemplifies its commitment to streamlining its operations and focusing on core growth areas. By divesting non-core assets, Telkom aims to unlock capital, reduce operational complexity, and enhance its strategic agility.

Company Essentials

Telkom SA SOC Ltd has its headquarters at 2nd Floor, The Hub, 61 Oak Avenue, Highveld, Centurion, 0157, South Africa.

Telkom SA SOC Ltd has more than 15 000 employees. The company currently serves clients in more than 38 countries across the African continent.

South Africa’s telecommunications behemoth, has emerged from a period of strategic restructuring and financial recalibration to deliver impressive results, rewarding shareholders and signaling a new era of growth. The company’s journey, marked by challenges and bold decisions, has culminated in a resurgence that is capturing the attention of investors and analysts alike. From navigating intense competition in the mobile market to optimizing its vast infrastructure assets, Telkom’s story is one of resilience and adaptation in a rapidly evolving technological landscape.

At its core, Telkom provides a comprehensive suite of telecommunications and information technology services across South Africa. Its operations span fixed-line telephony, mobile communications, data services, and IT solutions, catering to a diverse customer base that includes individuals, businesses, and government entities. The company’s extensive network infrastructure, encompassing both fixed and mobile assets, forms the backbone of its service delivery, enabling it to connect millions of South Africans and facilitate the flow of information across the nation.

How to buy Telkom SA SOC Ltd Shares – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participating daily. To buy, sell or trade Telkom SA SOC Ltd stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “TKG”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.
Analyst Team
Analyst Team
Team Member

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

Financials

Revenue (TTM)
R44.72bn
Net Margin
7.92%
Operating Margin
12.56%
Return on Equity
10.21%
Return on Assets
5.15%
Forward P/E
12.76
PEG Ratio
718.49
Price to Sales
0.69
Price to Book
0.87
Book Value per Share
R71.70
Debt to Equity
0.40
Current Ratio
1.09
Revenue (Annual)
Mar 23
Mar 24
Mar 25
Mar 26
ZAR (billions) Mar 2026 Mar 2025 Mar 2024 Mar 2023
Revenue 44.48 43.88 42.46 43.14
Net Income 3.54 7.50 1.88 −9.97
Net Margin 8.0% 17.1% 4.4% −23.1%
Operating Cash Flow 9.81 11.06 8.01 5.13
Debt to Equity 0.40 0.55 0.80 0.85

Dividends

Annual Dividend
R2.70
Payout Ratio
22.91%
Dividend Yield
4.27%
Last Ex-Dividend Date
24 Jun 2026

Latest News & Analysis

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Figures as of 10 Nov 2026.

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