Telkom Shares Surge 120% Amid Successful Transformation to Digital Infrastructure
Telkom, South Africa's oldest telecommunications provider, has transformed from a struggling copper-focused company to a digital infrastructure firm, resulting in a 120% share price increase since July 2024. Under CEO Serame Taukobong, Telkom reported a 3.4% revenue rise to R22.1 billion for the six months ending September 2025, driven by mobile and fibre data revenue growth. The company resumed dividend payments after a four-year hiatus, declaring a total return of approximately 98% on a R1,000 investment over one year.
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Telkom's share price increased by 120% from July 2024 to January 2026, reaching R51.90. The company, partially state-owned and founded in 1991, has shifted from a copper-centric model to focus on digital infrastructure.
Under CEO Serame Taukobong, Telkom's revenue rose by 3.4% to R22.1 billion for the six months to September 2025, with data revenue accounting for nearly 60% of total revenue. Telkom resumed dividend payments after four years, with a total return of approximately 98% on a R1,000 investment over one year, including reinvested dividends.
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