In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised that the following individuals have been appointed as Independent non-executive directors of the company with immediate effect:
Ms Susan Botha has obtained Bachelor of Economics Honours from the University of Stellenbosch. She is currently the Chancellor of Nelson Mandela Metropolitan University, and was previously an Executive Director of MTN Group Limited and Absa Bank Limited.
Ms Botha is currently the Chairman of Curro Holdings Limited. Other board memberships include Tiger Brands Limited, Imperial Holdings Limited and Famous Brands Limited.
Dr Fynn has obtained a PhD (Entrepreneurship) from the University of Pretoria and a Masters degree in Business Management from the University of Sheffield, UK. He is currently the Managing Director and Senior V P of Global Alliances, an IT Forensic Practitioner and an Honorary Professor and PhD and Masters' External Examiner to international and ICT schools.
Dr Fynn was previously the Managing Director and Chairman of Cisco Systems Capital (South Africa) and an Executive Director of Siemens Business Services.
He is a board member of several South African industrial companies and plays an active role in various ICT policy committees.
Ms Khanyisile Kweyama obtained a Masters degree in Management from the University of Witwatersrand. She is currently Head of Anglo American Southern Africa Limited and previously the Executive Head: Human Resources at Anglo American Platinum Limited and Group Executive: Global Human Resources at Barloworld Limited.
Ms Kweyama is currently the Vice President of the Chamber of Mines and a Director of Anglo Platinum Management Services, Rustenburg Platinum Mines, Sovereign Foods Limited and the Walter Sisulu University Board.
Ms Fagmeedah Petersen has a Bachelor of Business Science (Actuarial Science) from the University of Cape Town and is a fellow of the Actuarial Society of South Africa. Currently, she is an Investment Expert Trustee of the Government Employee Pension Fund and Acting Chief Investment Officer of Eskom Pension and Provident Fund.
Ms Petersen was previously a specialist trustee of Lifestyle Retirement Annuity and Preserver Suite of Funds. She was also the principal consultant and valuator at Alexander Forbes Financial Services and Sanlam Employee Benefits.
Mr Louis Leon Von Zeuner obtained a Bachelor of Economics from the University of Stellenbosch and holds several international qualifications. He is currently the Deputy Group Chief Executive of Absa Bank Limited.
Mr Von Zeuner has worked in Absa's retail and commercial banking operations since 1981, where he held various branch, regional and provincial leadership positions. He was appointed Operating Executive of Absa Commercial Bank in 2000, following which he was appointed as an Executive Director of Absa Group Limited in 2004.
Shareholders are further advised that the latest appointments bring the number of Directors to 14 (fourteen) and fulfils the Board's intention to ensure the proper composition of the Board in line with the company's requirements.
Telkom is pleased by the quality and depth of business experience that these recent appointments bring to the company as it embarks on the immediate task of appointing a Group CEO to fill the vacancy left by Ms Nombulelo Moholi. Ms Moholi continues to serve the company during the period of her notice.
Shareholders are advised that the executive management of the company is stable and is focused on delivering on the Company's strategy and providing a high level of service to its customers.
Pretoria
13 December 2012
Sponsor to Telkom:
UBS South Africa (Pty) Ltd