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14 November 2012

Telkom Board appoints two new directors

Telkom's Board of Directors today announced the appointment of non-executive directors: Mr Jabulane Albert Mabuza and Ms Kholeka Mzondeki.

This brings the number of directors to eight. According to the Memorandum of Incorporation the Board is now sufficiently constituted, and can elect a new Chairman.

Telkom's Group Chief Executive Officer, Ms Nombulelo Moholi said, "We welcome the appointment of our new board members and believe that their depth of knowledge, skill and experience will be of great value to Telkom."

Mr Jabulane Albert Mabuza obtained executive skills by attending several courses namely, Effective Leadership Program from Wharton School from University of Pennsylvania and the Executive Development Program: Financial Statement Analysis from the John E Anderson Graduate School of Management at the University of California, Los Angeles.

Currently, Mr Mabuza serves as the Deputy Chairman: of Tsogo Sun Holdings. He also serves on the boards of Ampleray Investments (Pty) Ltd, Eglin Investments No. 44 (Pty) Ltd, Hydrop Investments Limited, Kuncedzana Investments Holdings, Lexshell 627 Investments (Pty) Ltd and other boards.

Ms Kholeka Mzondeki is a Chartered Certified Accountant, having obtained her Bachelor of Commerce degree from the University of Botswana and a Diploma in Investment Management from the University of Johannesburg. She is a fellow member of the Association of Chartered Certified Accountants, United Kingdom.

Ms Mzondeki's other board memberships include Reunert, Sentula Mining and Bauba Platinum.

Ms Mzondeki is also appointed as a member of the Audit Committee of the Company.

"While these are challenging times for the Company and its people, I am convinced that Telkom will emerge strengthened and able to continue to contribute to the economic growth of the country," concluded Ms Moholi.

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.