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15 September 2014

Mr Deon Fredericks appointed Telkom CFO

Telkom today announced the appointment of Mr Deon Fredericks as Chief Financial Officer with immediate effect.
Mr Fredericks has held senior positions at Telkom since 1993 including the position of deputy CFO since in 2011.  He has been in the acting capacity as CFO since the suspension of former CFO Mr Jacques Schindehütte in October last year.
Says Telkom Group CEO, Mr Sipho Maseko, “It gives me great pleasure to announce the appointment of Deon who I believe has proven his expert ability for this important role.
“He has been at the helm for the past ten months playing an instrumental role in Telkom’s transformation journey and has been integral to restoring the financial health of the Company. Deon’s prudent and considered approach makes him the ideal candidate for the position and a sound addition to our executive leadership team.
“There is still much to be achieved and I believe that Deon is paramount to guiding the financial direction required for us to move forward in our turnaround objectives successfully.”
Mr Fredericks is a Chartered Accountant and holds a Bachelor of Commerce degree in Business Management with honours. He has held various directorships including Vodacom, Trudon and the Telkom Retirement Fund. Mr Fredericks is a member of the South African Institute of Chartered Accountants and the Chartered Institute of Management of Accountants in the United Kingdom.
“Telkom’s transformation journey is well underway and I look forward to ramping up efforts to establish the financial stability and sustainability of the Company,” says Mr Fredericks.
“We have been on a determined path to appoint the industry’s best to lead Telkom – I am pleased that with Deon’s appointment our EXCO structure is complete and ready to take Telkom forward,” concluded Mr Maseko.

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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.