Johannesburg - Telkom reported back to parliament last week on the progress made during the first two years of its mandates and social responsibilities.
Telkom`s report focused on its network modernisation and expansion programme rather than on exact figures for fault reporting and clearance, the areas in which Telkom had previously missed targets.
Telkom said it had met 14 out of 16 licence line-related and service-quality targets, that it had contributed R1,8 billion to the government in taxes and dividends and paid about R87 million in licence fees in the first two years of its mandate.
Sizwe Nxasana, the chief executive of Telkom, said no taxpayers` money had been spent on the company`s R52 billion expansion programme.
This follows an annual report showing the financial strain that Telkom was feeling. Market sources said that Telkom had had to borrow money in order to pay its staff for the past two months, but the company denied this.
Amanda Singleton, the group executive of communications, said the company would need R10 billion in capital expenditure in this financial period, "part of which needs to be borrowed and part of which will come from internally generated funds.
"Telkom has a well-defined funding programme in place, with borrowings being drawn from a variety of sources, both domestic and international."
Last week Telkom also said it would sell off its Q-Trunk division for an undisclosed amount.
Telkom also plans to list on the JSE, but exact time frames are not yet known.
In the meantime other divisions will be sold or outsourced and businesses in line for changes have been identified as its vehicle fleet (FastFleet), its workshops (Iuvatek) and its properties portfolio.