HumanIPO reported last month the part state-owned fixed-line provider had reached a settlement with the Competition Commission concerning complaints from internet service providers (ISPs) between 2005 and 2007.
That agreement includes a ZAR200 million (US$20 million) fine and a commitment to separate its retail and wholesale divisions within six months.
Telkom has also promised to adhere to new pricing commitments.
Areas where prices are expected to be reduced are wholesale services on undersea cable international lines, national high bandwidth transmission lines and access to ADSL lines.
The Competition Tribunal heard the details of the settlement today, but no decision on whether to accept them or not was made.