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15 May 2013

Telkom appoints Head of Strategy

Telkom GCEO Sipho Maseko today announced the appointment of Dr Miriam Altman as Head of Strategy of Telkom Group with effect from 1 June 2013.

Dr Altman will support the development and execution of Telkom’s strategy and will report directly to the GCEO.

Dr Altman was an Executive Director at the HSRC from 2002 – 2010, where she played a leading role in its transformation and established its highly influential work on employment. She is a member of the National Planning Commission and will continue to serve on the NPC.

"The appointment of a seasoned executive with strategy and policy development experience is another building block in Telkom’s turnaround process,” said Mr Maseko. “This supports the recent appointment of Dr Brian Armstrong as the Chief Operating Officer and enhances the expertise of our leadership team."

Telkom is in the process of reviewing its strategy to ensure that it delivers on its mandate and restores its financial health. The objective of Telkom’s turnaround is to deliver sustainable performance. Several areas of the business are under review, and a coordinated set of initiatives are already underway.

"Going forward, this strategy will require a strong leadership team with the ability to ensure performance and execution and gain the support of all its stakeholders. We believe that Dr Altman will be able to contribute towards achieving that objective."

Mr Maseko said Dr Altman was a strong strategic leader, and has vast experience in leading a range of policy processes on behalf of the public and private sectors, mostly focused on industrial strategy, labour markets, and employment creation.

Commenting on her appointment, Dr Altman said: "Telkom is a national asset and has a lot to offer all South Africans, including its shareholders. I am excited to be joining the company and look forward to contribute meaningfully towards its turnaround."

Dr Altman has a BA in economics from McGill University, an MPhil from the University of Cambridge and a PhD in economics from the University of Manchester.

For further enquiries, please contact:

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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92 Oak Avenue

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ABOUT TELKOM:

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.