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17 March 2011

Appointment of Telkom Group CEO

Telkom today announced that Ms Nombulelo Moholi has been appointed Group Chief Executive Officer, with effect from 1 April 2011.

In her current role as Managing Director of Telkom SA, she has been responsible for wholesale and retail commercial operations, consumer products and services, and network operations. Under her leadership, Telkom delivered the communications network for the 2010 World Cup, took new converged products to market and created the platform for data hosting services.

Prior to joining Telkom, she worked for GEC and Siemens (South Africa). Ms Moholi holds a Bachelor of Science degree in Electrical and Electronic Engineering from the University of Cape Town and has attended the Strategic Executive Programme at Stanford Business School and the Strategic Marketing Management Programme at Harvard Business School.

Ms Moholi joined Telkom in 1994 as General Manager of Payphones. Since then she has held several executive leadership positions at Telkom, including Managing Executive: Network Infrastructure Provisioning, Managing Executive of International and Special Markets, and Chief Sales and Marketing Officer.

She left Telkom in 2005 and joined Nedbank, where she served as Group Executive of Strategy, Marketing and Corporate Affairs.

Ms Moholi returned to Telkom in 2009 as Managing Director of the Telkom SA business unit.

Ms Moholi said she was looking forward to leading the Telkom Group at a time when the ICT sector faced a range of challenges and competitive impacts. At the same time, several new commercial opportunities are being created in this dynamic sector, and Telkom is pivotal to many of these developments.

"Although we are experiencing unprecedented competition on several levels in the ICT sector, I am confident that the Telkom Group has the skills and resources necessary to tackle and resolve these challenges, and to take us proudly into the future," said Ms Moholi, who is affectionately known as Pinky throughout the industry.

Telkom Chairman, Mr Lazarus Zim, welcomed Ms Moholi to the top leadership position in the Telkom Group.

"In Ms Moholi we have the depth of experience, visionary leadership, strategic expertise and knowledge of technology needed to steer Telkom into the future.

"We thank Mr Hedberg for acting in the position of Group CEO for the past six months, and for staying on in an advisory capacity until June. This will create a smooth and seamless leadership transition at this critical phase of the Group's financial reporting cycle. It will also ensure continuity of the momentum for change and the initiatives which Telkom has begun to implement towards achieving greater efficiency and long-term sustainability."

Mr Zim added that the appointment of Ms Moholi meant the Group was now on a firm footing to fulfil its mandate to all its stakeholders and shareholders.

The contract of the current Acting GCEO, Jeffrey Hedberg, expires at the end of March. Mr Hedberg said his tenure as Acting GCEO at Telkom had been challenging but fulfilling.

"I am confident that Telkom has set a course for improved efficiency and growth, and I am proud to have made a contribution to the Group's future," said Hedberg.

For further enquiries, please contact:

Pynee Chetty

Senior Specialist: Media Relations

Group Communication

Tel:+27 12 642 1716

Mobile: +27 81 389 7874

Email: chettpr2@telkom.co.za

 OR

Leigh-Ann Francis

Specialist: Media Relations

Group Communication

Tel: +27 12 642 1728

Mobile: +27 81 391 4780

Email: francilm@telkom.co.za

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ABOUT TELKOM:

Telkom is a leading communications services provider in South Africa. We had consolidated operating revenue of R16.8 billion and normalised profit after tax of R1, 683 million for the period ended 30 September 2015. Total assets amounted to R41.9 billion and equity attributable to the owners of Telkom to R23.5 billion as of 30 September 2015. The group generated normalised free cash flow of R1.4 billion for the period ended 30 September 2015.

As of 30 September 2015, we had approximately 3.3 million telephone access lines in service and 1,030,441 ports connected via MSAN access. We offer business, residential and payphone customers a wide range of services and products, including:

  • fixed-line retail voice services using PSTN (Public Switched Telephone Network) lines, including ISDN (Integrated Services Digital Network) lines, and the sale of subscription based value-added voice services and calling plans;
  • fixed-line customer premises equipment rental and sales services both voice and data needs and these include PABX, Computers, Routers, Modems, Telephone handsets and other ancillary equipment;
  • interconnection services, including terminating and transiting traffic from South African mobile operators, as well as from international operators and transiting traffic from mobile to international destinations;
  • fixed-line data services, including domestic and international data transmission services, such as point-to-point leased lines, ADSL (Asymmetrical Digital Subscriber Line) services, packet-based services, managed data networking services and internet access and related information technology services;
  • Data Centre Operations includes e-commerce, application service provider, hosting, data storage, e-mail and security services;
  • W-CDMA (Wideband Code Division Multiple Access), a 3G next generation network, including fixed voice services, data services and nomadic voice services;
  • mobile communication services, including voice services, data services and handset sales through our mobile navbar-brand called Telkom Mobile;
  •  information and communication services including cloud services, infrastructure services, workspace services, global service integration management and hardware and network equipment sales locally, in seven African countries, the UK and Dubai through Business Connexion Group; and
  • other services including directory services, through Trudon (Pty) Ltd, wireless data services, through Swiftnet (Pty) Ltd.

Convergence is one of our key strategic initiatives in building a sustainable future for Telkom.  We will lead the provision of converged services in South Africa in support of our mission statement: Seamlessly connecting people to a better life.