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Telkom today announced Chief Executive Officer, Ms Nombulelo Moholi has notified the Company of her intention to step down before the end of her contract period. She has given the Board the requisite six (6) months notice in this regard.
Furthermore, Ms Neo Phakama Dongwana has informed the Board of her resignation as director effective 2 November 2012. The Board thanks Ms Dongwana for her valuable contribution to Telkom and wishes her well in her future endeavours.
Once it has filled the current vacancies and there are at least eight (8) directors as required by the Memorandum of Incorporation, the Board will embark on a process of finding a replacement Chief Executive Officer. The process of filling the vacancies on the Board has commenced and announcements will be made in due course.
The Company would like to emphasise that Ms Moholi’s intended departure does not impact on its operational capabilities, and on its ability to provide customers with the best possible service.
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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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:
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.