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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.