Pretoria: Cabinet has congratulated Telkom on its strong financial and operational performance for the financial year ending 31 March 2026. The majority state-owned company supported 362 small, medium, and micro enterprises through procurement opportunities worth R593 million and contributed to the creation of more than 74,000 jobs through its SMME development programme.

According to South African Government News Agency, 1,524 unemployed young people were trained through ICT learnerships, and the company surpassed two million subscribers. This was stated by Minister in the Presidency Khumbudzo Ntshavheni during a media briefing on Friday concerning the outcomes of the Cabinet meeting.

The Minister highlighted that the government will receive approximately R559 million in dividend income, excluding dividends to other government-owned shareholder entities. This additional income aims to support the state's broader developmental priorities and public service delivery commitments.

Earlier in the week, Minister of Communications and Digital Technologies Solly Malatsi noted that the results reflect continued progress in implementing Telkom's strategy. He emphasized the value of disciplined execution, operational efficiency, and a sustained focus on growth areas.

The results underscore the growing importance of digital connectivity and data services in South Africa's economy. Telkom, a JSE-listed telecommunications company in which the South African government holds a 40.5% stake, remains a strategic asset in the country's digital ecosystem and a significant contributor to economic activity.