Notes to the financial statements | Note 10.5

10. Employee benefits
10.5 Telephone rebates
 

Telkom provides telephone rebates to its pensioners who joined prior to 1 August 2009. The most recent actuarial valuation was performed as at 31 March 2025. Eligible employees must be employed by Telkom until retirement age to qualify for the telephone rebates. The scheme is a defined benefit plan.

The telephone rebate benefit exposes the Group to actuarial risks, such as longevity, currency, interest rate and market risks.

The status of the telephone rebate liability is disclosed below:
 
     Group Company
Telephone rebates  31 March 
2025 
Rm 		 31 March 
2024 
Rm 		 31 March 
2025 
Rm 		 31 March 
2024 
Rm  
Benefit obligation:              
At the beginning of the year  316  356  316  356 
Current service cost  1  1  1  1 
Interest cost  39  39  39  39 
Actuarial loss/(gain) 44  (49) 44  (49)
Curtailment loss  —  (1) —  (1)
Benefits paid  (30) (30) (30) (30)
Liability as disclosed in the statement of financial position (refer to note 6.5) 370  316  370  316 
The net periodic other comprehensive (expense)/income includes the following components:              
Actuarial (loss)/gain due to financial assumptions changes  (54) 38  (54) 38 
Actuarial gain due to experience adjustments  10  12  10  12 
Actuarial loss due to demographic assumptions changes  —  (1) —  (1)
Net periodic pension (expense)/income recognised in other comprehensive income   (44) 49  (44) 49 
Cumulative actuarial loss  141  185  141  185 
Number of members  3 645  3 664  3 645  3 664 
Number of pensioners  13 726  13 746  13 726  13 746