The Board of Telkom SA Limited is pleased to announce the appointment of Mr Jacques Schindehütte as Chief Financial Officer of the company with effect from 1 August 2011.
Mr. Schindehütte was until recently the Group Financial Director of ABSA Group Limited and was involved with the Barclays acquisition of ABSA. Jacques is a Chartered Accountant (CA) and also holds a BComm (Hons) and higher diploma in Taxation. He spent about 14 years at Transnet.
Mr. Schindehütte is currently a non-executive director of the JD Group Limited and AVUSA Limited.
The Board of Directors of Telkom wishes to express a vote of thanks to Mr Deon Fredericks for his valuable contribution during the acting period.
In compliance with paragraph 3.59 (a) of the JSE Listings Requirements, shareholders are further advised that in accordance with the company's Memorandum of Incorporation, Mr. Schindehütte has been appointed as an executive director with effect from 1 August 2011.
Pretoria
29 June 2011
Sponsor: UBS