Latest news with #Telkom
The Citizen
an hour ago
- Sport
- The Citizen
Thrilling finish awaits as Jozi Cup 2025 finals hit Wanderers
The 2025 edition of the Jozi Cup is gearing up for a high-energy conclusion, with the finals kicking off at the DP World Wanderers Stadium on June 14. The five-week winter cricket showcase, which has featured 428 matches so far, will wrap up with 103 fixtures still to be played across various age groups and divisions, including U11 to Over-40s, Men's and Women's Open, Veterans, and Blind Cricket. Fans can expect a true cricket carnival atmosphere, as the finals offer free entrance, family-friendly entertainment, and the rare opportunity to watch club-level talent take to the same pitch as their professional heroes. 'Affording our talent the opportunity to perform on the exact stage on which their heroes play, is paramount to their growth path,' said tournament director Reuben Mandlazi. 'The finals are about fanfare, scouting, and real cricket experiences.' The finals schedule includes: June 14 Blind Cricket Exhibition Veterans Senior Men's Open Men's Open June 15 U11 Boys U13 Girls Women's Open June 16 U13 Boys U18 June 22 U14 U16 Mandlazi has encouraged supporters to join the excitement at the Wanderers, adding that the tournament continues to serve as a vital pipeline for future cricket stars, with participation from Blind Cricket teams and Telkom's Talent Acceleration Programme. Finals will be streamed live on the SuperSport Schools app. For more details, email jozicup@ ALSO READ: Jozi Cup 2025 heats up as winter's biggest cricket tournament continues At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
IOL News
2 days ago
- Business
- IOL News
Market cheers as Telkom rings in robust results
Telkom store at N1 City in Goodwood, Cape Town. Image: Ian Landsberg/Independent Newspapers The market on Tuesday cheered as Telkom rang in robust results for the year ended 31 March and resumed its dividend, which saw its share surge 7%. In morning trade the share was up 7.35% at R42.95 on the JSE. Telkom said mobile subscribers were up 13.4% to 23.2 million. Serame Taukobong, Telkom Group CEO said, 'The company has largely modernised its technology infrastructure and executed on a robust, detailed strategy across its operations. The financial results for FY2025 confirm that the business has not only stabilised but has built a platform for accelerated growth." In key financial metrics, adjusted headline earnings per share rose 102.4% to 583.2 cents; while adjusted basic earnings per share were up 128.9% to 681.7 cents. Ebitda was up 25.1% to R11.8 billion; while revenue rose 3.3% to R43.9bn; with free cash flow up 555.2% to R2.8bn. Taukobong said Telkom's differentiated strategy over the past year centred on three key pillars: The first pillar was sales engine optimisation. "We engineered our sales engine to prioritise efficiency, streamlining regional teams into agile, data-driven units and investing in digital tools to empower frontline teams." The second pillar was network excellence. "We prioritised strategic investments in our infrastructure, expanding fibre and 4G/5G coverage to underserved areas while enhancing urban network performance." The final pillar was customer-centric value. "We continued disrupting the market by expanding our flexible, affordable plans tailored to diverse segments, from data-centric bundles for cost-conscious users to seamless connectivity solutions for small, medium and large enterprises. We supported these with transparent pricing and proactive service," he said. Taukobong said in a significant milestone, Telkom had successfully concluded the disposal of Swiftnet, the masts and towers business to the consortium led by Actis and Royal Bafokeng Holdings with a total cash consideration of R6. 618bn received on March 27. "We are strategically dedicating R4 750 million of the proceeds post year end to strengthen our balance sheet. This deliberate move is aimed at fortifying the balance sheet for future growth, fuelling innovation, and ensuring we maintain a competitive edge in a dynamic market. The remaining proceeds are earmarked for profit-enhancing capital investments as well as a special distribution to shareholders," he said. Serame Taukobong, Telkom Group CEO. Image: Supplied The group reinstated its dividend, saying it will return a total dividend of R1.3bn, which includes an ordinary cash dividend of R833 million (163 cents per share) and a special dividend of R500 million (98 cents per share) from the completed disposal of the Swiftnet masts and towers business, resulting in 261 cents per share being returned to Telkom shareholders. Across its various segments, Telkom reported notable growth. Telkom Consumer saw a 10.2% increase in mobile service revenue, supported by a 19.5% rise in its mobile data subscriber base, which reached 15.2 million. Openserve recorded a 5.9% increase in fibre-related data revenue and achieved a market-leading fibre-to-the-home connectivity rate of 50.4%. BCX posted a 12.7% increase in fibre-related data revenue, along with a 5.8% growth in cloud services revenue. Gyro, Telkom's standalone infrastructure subsidiary, contributed to improved liquidity by realising total cash proceeds of R730 million from the transfer of 57 properties. Looking ahead, Telkom said its medium-term roadmap leverages its current momentum as it sets "ambitious yet achievable objectives for the next three years". Maintaining a strong balance sheet remains a top priority; a focus on efficiency as well as monetising infrastructure assets and improving medium- to long-term returns. "Essential to achieving these financial targets is continued stability in South Africa, a growing economy supported by a macro-economic environment that does not deteriorate from current levels, and a stabilised energy supply. While their impact is not yet visible, recently escalated global tensions and emerging trade wars could limit South Africa's economic growth, " Telkom said. BUSINESS REPORT Visit:
IOL News
2 days ago
- Business
- IOL News
Telkom reports solid results as it reinstates dividends after four years
Telkom has reported impressive results for the year ending March, driven by its data-centric strategy, leading to the reinstatement of dividend payments after a four-year hiatus. Image: Ian Landsberg/ Independent Newspapers Telkom delivered solid results in the year to March as its data-centric strategy continues to drive performance, with the telecommunications group reinstating dividend payments after a four-year hiatus. Group CEO Serame Taukobong said the company's 'strategic vision is translating into exceptional results, demonstrating our unwavering commitment to strengthening our position as the digital backbone of South Africa'. In its results, issued on Tuesday morning, it said group revenue gained 3.3% to R43 billion thanks to strong growth in mobile service revenue, which was up 10.2%, as well as fibre-related data revenue, up 10%. The JSE-listed company has been focusing on three key pillars: sales engine optimisation, network excellence, and customer-centric value. 'We will continue to navigate global macro-economic uncertainties and domestic challenges like high unemployment and the need for sustained economic growth to support our connectivity businesses," Taukobong noted. During the year, it 'prioritised strategic investments in our infrastructure, expanding fibre and 4G/5G coverage to underserved areas while enhancing urban network performance,' said Taukobong. Telkom said it would maintain capital expenditure for future growth within a range of 12% to 15% of revenue. 'Our data-centric strategy continues to be the key driver, enabling us to deliver sustained, impressive performance,' Taukobong said. Mobile and fibre service revenue growth across the group, combined with effective cost efficiency programmes, aided earnings before interest, tax, depreciation, and amortisation gaining by 25.1%. Telkom Consumer saw mobile service revenue increase by 10.2%, with a 19.5% surge in its mobile data subscriber base to 15.2 million. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Meanwhile, Openserve delivered fibre-related data revenue growth of 5.9% and maintained what Telkom said was 'a market-leading 50.4% fibre to the home connectivity rate'. BCX recorded fibre-related data revenue growth of 12.7% and cloud services revenue growth of 5.8%. 'We are pleased to confirm the reinstatement of a dividend, signalling a renewed focus on delivering value to shareholders after a four-year suspension,' said Taukobong. The board declared a final ordinary dividend of 16c per ordinary share and a special dividend of 97.8c per ordinary share for the year. This payout is worth R1.3 billion to shareholders. IOL
IOL News
2 days ago
- Business
- IOL News
Beauty Apleni appointed as CEO of Openserve
Telkom appoints Beauty Apleni as CEO of Openserve Image: Supplied Telkom Group has announced the significant appointment of Beauty Apleni as the Chief Executive Officer of Openserve. Effective 1 July 2025, Apleni's role will be pivotal in advancing the growth and adoption of Openserve's fibre network, which aligns with Telkom's evolving data-led strategy. With a remarkable career spanning over 25 years in the ICT industry, Apleni brings substantial executive leadership experience, having dedicated 15 years to roles that have honed her expertise in strategic formulation, execution, and operational excellence. Her journey at Telkom Group has seen her assume several key positions, including Chief of Sales and Technology, Chief Technology & Information Officer for Telkom Consumer, and most recently, Chief of Staff for Strategy and Mergers & Acquisitions. Career Chief of Sales and Technology at Telkom Consumer Chief Technology & Information Officer at Telkom Consumer Executive Service Delivery & Solution Design at Cybernest Executive IT Outsource Services at Cybernest Chief of Staff, Strategy and Mergers & Acquisitions at Telkom Group Apleni holds a BSc in Computer Science from Nelson Mandela University and has completed various qualifications encompassing management, strategy, and leadership. These academic credentials complement her extensive practical experience, positioning her well to guide Openserve through its next phase of growth. Serame Taukobong, CEO of Telkom Group, expressed confidence in Apleni's capabilities, stating, 'Beauty's experience and strong knowledge of our businesses, M&A and the ICT industry place her in an excellent position to lead the growth and sustainability of Openserve going forward. I have no doubt she will make a valuable contribution to sustaining the wave of momentum, driving the Group forward in a complex operating environment.' In her own words, Apleni expressed her honour in being appointed to lead Openserve towards enabling a digital future for South Africa. 'Having dedicated over two decades to Telkom, I'm deeply committed to our mission of connecting all South Africans to a better future. I am grateful to the Telkom board for entrusting me with this responsibility. I look forward to working with the group executive committee, the talented team at Openserve, and collaborating with the rest of the OneTelkom family,' she stated. Telkom also took a moment to extend its gratitude to Selby Khuzwayo, who has effectively served as Acting CEO since December 2024, ensuring operational excellence during this transition period. Khuzwayo's leadership has been instrumental in maintaining stability and momentum within the organisation. Apleni's appointment marks a significant step towards reinforcing Telkom's commitment to developing exceptional talent from within, and her vision will likely play a critical role in transforming the connectivity landscape in South Africa. IOL
Time of India
2 days ago
- Business
- Time of India
South Africa's Telkom resumes dividends as earnings jump 62.3%
By Nqobile Dludla JOHANNESBURG: South African telecommunication firm Telkom reported on Tuesday a 62.3% rise in full-year earnings and resumed dividends after a four-year suspension, declaring also a special dividend of 98 cents per share. In 2020, the operator of South Africa's biggest fixed-line network announced the suspension of dividends for the next three financial years starting in 2021 to conserve cash for spectrum auctions and strengthen its financial position. However, after reaching the initial target, the under-pressure operator delayed resuming dividend payments as it faced challenging market conditions. "This year's robust performance and strategic execution allow us to share the fruits of our success with shareholders by distributing both an ordinary and a special dividend. In total, the group will return 1.3 billion rand ($73.28 million) to its shareholders," Telkom said in a statement. Telkom, majority-owned by the government, said its headline earnings per share for continuing operations rose to 467.5 cents in the year ended March 31, up from 288.1 cents a year earlier. Telkom - which owns a big chunk of the fast growing home and business fibre market - declared a final dividend of 163 cents per share. Revenue increased by 3.3% to 43.8 billion rand, surpassing expectations due to strong growth in mobile service revenue, which rose 10.2%, and fibre-related data revenue, up 10%. Analysts surveyed by LSEG had forecasted revenue of 43.5 billion rand. Group adjusted earnings before interest, tax, depreciation and amortization (EBITDA) jumped by 25.1% to 11.7 billion rand, while the EBITDA margin expanded by 4.7 percentage points to 26.9% due to cost-optimization initiatives.
