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    TKG   ZAE000044897

TELKOM SA SOC LIMITED

(TKG)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 09/23
44.07 ZAR   -0.56%
09/23Telkom Openserve Reportedly to Get JSE Listing
CI
09/07TELKOM SOC : S.Africa's telecoms regulator halts spectrum licensing auction
RE
08/04Telkom Announces Executive Changes
CI
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Telkom SOC : Zero-Rating of Online Government Information Welcomed

03/26/2020 | 10:07am EDT

The Government Communication and Information System (GCIS) has welcomed the agreement reached between Telkom and the Competition Commission which, among other provisions, narrows the digital divide in the country by offering zero rated access to essential online government services.

Telkom's offer incudes free public access to the GCIS-managed www.gov.za - the gateway to government information and services

Telkom is also offering free access to educational institutions, including primary websites of more than six universities and Further Education and Training institutions as well as knowledge- enhancing sites such as Wikipedia, Everything Science, Everything Maths and the Department of Basic Education Cloud.

Telkom and the Competition Commission announced an agreement on Wednesday which outlines Telkom's contribution to improved competition in the delivery of fixed broadband access by operators in this sector

Minister in the Presidency, Jackson Mthembu, who leads the GCIS said Telkom's initiative will empower citizens with information that they can use to build a better life for themselves and their communities.

"In line with our nation's single greatest challenge - that of youth unemployment - www.gov.za is used predominantly by young people looking for jobs and for information about opportunities and services that can enhance their employability or qualifications," Mthembu said.

He said the zero rating of the www.gov.za website will come as a great relief to the many South Africans who require information about the constantly evolving and growing opportunities government puts in place for citizens self-empowerment.

"Over the last 12 months alone, more that 12 million users visited the website as well as the government news sites, www.sanews.gov.za and www.vukuzenzele.gov.za to access information on a range of services and programmes vital to the development of our country.

"As a leading brand in the South African economy, Telkom's contribution to access to information is also an important contribution to the growing partnership between government and the private sector to grow South Africa together," the Minister said.

Copyright SAnews.gov.za. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials
Sales 2022 44 571 M 2 964 M 2 964 M
Net income 2022 2 781 M 185 M 185 M
Net Debt 2022 10 855 M 722 M 722 M
P/E ratio 2022 8,21x
Yield 2022 -
Capitalization 21 818 M 1 456 M 1 451 M
EV / Sales 2022 0,73x
EV / Sales 2023 0,67x
Nbr of Employees 12 039
Free-Float 56,3%
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Mean consensus BUY
Number of Analysts 10
Last Close Price 44,07 ZAR
Average target price 54,01 ZAR
Spread / Average Target 22,6%
EPS Revisions
Managers and Directors
Sipho Nkosinathi Maseko Group Chief Executive Officer & Executive Director
Dirk Johannes Reyneke Group Chief Financial Officer & Executive Director
Matthews Sello Moloko Chairman
Althon Beukes Group Chief Information Officer
Deon Jeftha Fredericks Chief Investment Officer
Sector and Competitors