Note 21: Subsequent events

for the six months ended 30 September 2012

Appointment of Chief Information Officer

Telkom announced on 21 October 2013 that Mr L De Villiers has been appointed as Chief Information Officer with effect from 1 November 2013.

Fair value hedge accounting

The Group implemented hedge accounting for foreign currency risk hedging instruments from 1 October 2013 in an attempt to mitigate earnings volatility and better reflect the underlying economics of hedges.

Other matters

The directors are not aware of any other matter or circumstance since the financial period ended 30 September 2013 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.