for the six months ended 30 September 2012
Resignation of Chairman of the Telkom Board
On 9 September 2012, Mr Lazarus Zim has informed the Telkom Board of his retirement as Chairman and Director with effect from 24 October 2012.
Resignation of Telkom Group Chief Executive Officer
Telkom announced on 5 November 2012 that the Group Chief Executive Officer, Ms Nombulelo Moholi, has notified the Board of her intention to step down before the end of her contract period.
Resignation of Independent non-executive Directors
On 1 October 2012, Ms Jacky Huntley and Ms Julia Hope have informed the Telkom Board of their retirement as directors with effect from 24 October 2012. Mrs NP Dongwana has informed the Telkom Board of her resignation as director effective 2 November 2012.
Resignation of Company secretary
Ms Mmathotho Lephadi resigned as Company secretary of Telkom with effect from 31 October 2012. Ms Andisa Ditle has been appointed acting Company secretary with effect from 1 November 2012.
Results of the Telkom Annual General Meeting regarding Directors' appointments
The ordinary resolution to appoint Dr Sibusiso Sibisi and Ms NP Mnxasana as directors and to re-elect Mr PCS Luthuli and Mr Y Waja as directors was not passed by the requisite majority of shareholders. The ordinary resolution for the election of Mr PCS Luthuli as member and chairperson of the Audit Committee and Ms NP Mnxasana as member of the Audit Committee were withdrawn, given their non-appointment as directors.
Appointment of Chairman of the Telkom Board
On 16 November 2012 Telkom announced the appointment of Mr JA Mabuza as chairman of the Telkom Board with immediate effect.
Appointment of Independent non-executive Directors
Telkom announced on 14 November 2012 that Mr Jabulane Albert Mabuza and Ms Kholeka Mzondeki have been appointed as Independent non-executive directors with immediate effect.
Board update
Following the changes in the Board of Directors after the Annual General Meeting, the continuing directors are in the process of reconstituting the Telkom Board, its committees as well as statutory committees.
Other matters
The directors are not aware of any other matter or circumstance since the financial period ended 30 September 2012 and the date of this report, or otherwise dealt with in the financial statements, which significantly affects the financial position of the Group and the results of its operations.