Telkom SA SOC Limited announced that as per current dividend policy, it is to pay an annual dividend of 60% of headline earnings with an interim dividend of 40% of interim headline earnings. In line with the dividend policy, the board declared a final ordinary dividend number 26 of 50.08410 cents per share. This follows an interim dividend of 71.52636 cents per share in the interim results. This takes the annual dividend for financial year 2020 to 121.61046 cents per share (financial year 2019: 361.54461 cents per share). The declared dividend is payable on 13 July 2020 to shareholders recorded in the register of the company at close of business on 10 July 2020. The dividend will be subject to a local dividend withholding tax rate of 20%, which will result in a net final dividend of 40.06728 cents per ordinary share to those shareholders not exempt from paying dividend withholding tax. The ordinary dividend will be paid out of available cash balances.