South Africa’s Telkom resumes dividends as earnings jump 62.3%

JOHANNESBURG: South African telecommunication firm Telkom reported on Tuesday a 62.3% rise in full-year earnings and resumed dividends after a four-year suspension, declaring also a special dividend of 98 cents per share.

In 2020, the operator of South Africa’s biggest fixed-line network announced the suspension of dividends for the next three financial years starting in 2021 to conserve cash for spectrum auctions and strengthen its financial position.