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TELKOM SA SOC LIMITED - Changes to the Board of Directors

Release Date: 21/02/2019 14:39
Code(s): TKG     PDF:  
 
Wrap Text
Changes to the Board of Directors

Telkom SA SOC Limited
(Registration Number 1991/005476/30)
JSE Share Code TKG
ISIN ZAE000044897
("Telkom" or "the Company")

Changes to the board of directors

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders
are advised that Mr Jabu Mabuza will be stepping down as an independent non-executive director
and the Chairman of the board of directors (“the Board”) of Telkom, with effect from 31 May 2019.

Mr Sello Moloko, currently an independent non-executive director of the Board, will be elected as
the new Chairman of the Telkom Board with effect from 1 June 2019. He has a wealth of business
experience gained over more than twenty-five years, with an established career in financial services.
He holds positions as independent non-executive Chairman of Sibanye-Stillwater Limited, and is the
former non-executive Chairman of Alexander Forbes Groups Holdings Limited. He also serves on
the boards of Prudential Investment Managers, DG Capital and Stor-Age REIT Limited.

Mr Moloko is the Executive Chairman and co-founder of Thesele Group, a wholly Black owned
diversified investment holding company. He holds a BSc Honours degree, and a Postgraduate
Certificate in Education from the University of Leicester and the AMP from the Wharton School.

Dr Sibusiso Sibisi has also been appointed to the Telkom Board effective on 1 April 2019. Dr Sibisi
has a BSc (Physics) from Imperial College of Science and Technology and a PhD from Cambridge
University. His appointment brings extensive expertise in ICT, start-up ventures, and business-to-
business intelligence skills.

Following the above, the composition of the Nominations Committee shall be amended as follows
with effect from 1 June 2019:
Mr Sello Moloko (Chairman);
Ms Santie Botha; and
Ms Khanyisile Kweyama.

Remunerations Committee shall be amended as follows with effect from 1 June 2019:
Ms Santie Botha (Chairperson);
Mr Sello Moloko; and
Ms Kholeka Mzondeki.

Mr Sello Moloko will be stepping down as a member of the Investment and Transactions Committee
with effect from 1 June 2019.

The Board would like to thank Mr Jabu Mabuza for his valuable contribution to the Company and for
the critical role he played as the Chairman of the Board since 14 November 2012. The Board wishes
him well in his retirement.


Centurion
21 February 2019


Sponsor
The Standard Bank of South Africa Limited

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