Subsequent to the recent reports in the Business Day of 21 and 22 November 2005 about the alleged non-existence of the Telkom register of members, Telkom response to these
allegations is as follows:
The Companies Act, 61 of 1973 prescribes that a register of members be kept but it is not peremptory that the register be kept in hard copy or bound book form. Provision is made for sub-registers to be kept . This provision has clearly been inserted to meet the demands of a listed company.
From the above it follows that a company, such as Telkom, may:
In practice, Telkom has adopted the following procedure:
The Register of Members (electronic format) is open for inspection free of charge for any member or his duly authorised agent, and upon payment of R10.00 for any other person.
Johannesburg
23 November 2005