Telkom is one of the top 185 companies listed on the JSE Limited, which is the largest of Africa’s approximately 22 stock exchanges and ranks 15th in the world in market capitalisation. The Group’s market capitalisation as of 31 March 2005 stood at R59.9 billion, placing Telkom in the top 10 of JSE-listed companies. Telkom is also included in the JSE’s Socially Responsible Investment (SRI) index, which measures companies’ triple bottom lines of environmental, economic and social sustainability. To date, only 51 JSE-listed companies have qualified for the SRI index. Since listing on the JSE on 4 March 2003, the value of Telkom’s share price has increased by 284 percent. This growth trend continued for the year ended 31 March 2005, when Telkom’s share price on the JSE rose by 36 percent in value. This was well above the market average for the 2004/05 financial year, both in the Telcos index of the JSE and the All Share Index. The growth rate for the All Share Index averaged 24 percent during the year while that of the Telco index was 32 percent. On the NYSE, Telkom’s share price grew 39 percent over the year ended 31 March 2005. This performance compares with 15 percent growth reflected in the FTSE 350 Telcos index, eight percent in the FTSE Global Telcos index and five percent in the Standard & Poor’s 500 index.