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Set out below is a list of the significant subsidiaries and associates of the Group at 31 March 2023, held directly by Telkom SA SOC Ltd.
Unless otherwise stated, the entities as listed below have share capital consisting solely of ordinary shares, which are held directly by the Group
and the proportion of ownership interest held equals to the voting rights held by the Group.
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Country of
incorporation |
Issued share
capital
2022
R |
Interest
in issued
ordinary share
capital
2022
% |
Ownership
interest held
by non-
controlling
interest
2022
% |
| Business Connexion (Pty) Ltd |
RSA |
2 280 500 |
100 |
– |
2 280 500 |
100 |
– |
| Openserve (Pty) Ltd |
RSA |
11 212 194 372 |
100 |
– |
– |
– |
– |
| Yellow Pages (Pty) Ltd |
RSA |
100 000 |
100 |
– |
100 000 |
100 |
– |
| Rossal No 65 (Pty) Ltd |
RSA |
100 |
100 |
– |
100 |
100 |
– |
| Acajou Investments (Pty) Ltd t/a VS Gaming |
RSA |
100 |
100 |
– |
100 |
100 |
– |
| Swiftnet (Pty) Ltd |
RSA |
5 000 000 |
100 |
– |
5 000 000 |
100 |
– |
| Number Portability Company1 |
RSA |
100 |
20 |
– |
100 |
20 |
– |
| Gyro Properties (Pty) Ltd |
RSA |
100 |
100 |
– |
100 |
100 |
– |
| Gyro Solutions (Pty) Ltd |
RSA |
100 |
100 |
– |
100 |
100 |
– |
| 1 |
There are no significant restrictions on the ability of the associate to transfer funds to the Group in the form of cash dividends, or to repay loans or advances made by the Group. |
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| The disclosure of the interest in Number Portability Company is as follows: |
31 March
2022
Rm |
| Closing carrying value |
12 |
12 |
The total non-controlling interest for the year is R23 million (31 March 2022: R25 million) and relates to Business Connexion and Yellow Pages
and is not considered material to the Group.
| Interest in operating profits, before eliminations, from subsidiaries |
| 2023 |
|
|
|
|
| Business Connexion (Pty) Ltd |
14 252 |
1 386 |
605 |
478 |
| Openserve (Pty) Ltd |
7 548 |
1 770 |
(7 105) |
(5 586) |
| Yellow Pages (Pty) Ltd |
5 |
(8) |
(12) |
(26) |
| Swiftnet (Pty) Ltd |
1 304 |
896 |
833 |
584 |
| Telkom Foundation1 |
63 |
(3) |
(3) |
(2) |
| Gyro Properties (Pty) Ltd |
167 |
125 |
118 |
89 |
| Gyro Solutions (Pty) Ltd |
332 |
89 |
86 |
68 |
| 2022 |
|
|
|
|
| Business Connexion (Pty) Ltd |
15 328 |
2 361 |
1 618 |
1 060 |
| Yellow Pages (Pty) Ltd |
337 |
37 |
69 |
50 |
| Swiftnet (Pty) Ltd |
1 291 |
909 |
869 |
637 |
| Rossal No 65 (Pty) Ltd |
– |
– |
– |
1 |
| Telkom Foundation1 |
74 |
3 |
3 |
2 |
| Gyro Properties (Pty) Ltd |
131 |
85 |
74 |
55 |
| Gyro Solutions (Pty) Ltd |
356 |
155 |
150 |
109 |
| 1 |
Non-profit making trust. |
None of the Group's equity-accounted investees are publicly listed entities and consequently do not have published price quotations.
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