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01 April 2014

Ms Ouma Rasethaba appointed Telkom Chief Risk Officer

Telkom today announced the appointment of Ms Ouma Rasethaba as Chief Risk Officer with immediate effect. Ms Rasethaba, who has been with Telkom since 2006, has previously held the position of Chief of Regulatory and Corporate Affairs. The appointment completes the EXCO structure under Group CEO, Mr Sipho Maseko.

"Ms Rasethaba has played a valuable role at Telkom over the years, first as Group Executive for Regulatory and Public Policy and later as Chief of Corporate Governance. Hers was not always an easy task, especially when one considers the complexity of the legal matters Telkom has had to deal with, as well as the fluidity of the regulatory environment," says Mr Maseko.

As Chief Risk Officer, Ms Rasethaba will be responsible for the overall control of Telkom’s risk management processes – the identification, assessment and response to those risks that influence Telkom achieving its objectives.

According to Mr Maseko, she will also, as she's done in the past, lead the team from Group Legal Services, which includes managing the implementation of good Corporate Governance principles. "Ms Rasethaba and her team have always done a sterling job, and I know this will continue to be the case in her new role," says Mr Maseko.

Says Ms Rasethaba: "I’m honoured by the confidence placed in my ability and look forward to finding workable solutions to the challenges we face."

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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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.