14 November 2012

South Africa: Telkom Appoints Two New Board Members

Photo: Telkom
Telkom's control centre.

Pretoria — Telkom on Wednesday announced the appointment of two new non-executive directors bringing the number of board members to eight that will make it possible to elect a new chairman.

Jabulane Albert Mabuza and Kholeka Mzondeki have been appointed to the board. The appointments come on the heels of last week's notification of group chief executive officer Nombulelo Moholi's intention to resign before the end of her contract period. Neo Phakama Dongwana also informed the board of her resignation as director, effective 2 November 2012.

According to the Memorandum of Incorporation, the Board is now sufficiently constituted, and can elect a new chairman.

Mabuza currently serves as the deputy chairman of Tsogo Sun Holdings. He also serves on the boards of Ampleray Investments (Pty) Ltd, Eglin Investments No. 44 (Pty) Ltd, Hydrop Investments Limited, Kuncedzana Investments Holdings, Lexshell 627 Investments (Pty) Ltd and other boards.

Mzondeki is a chartered certified accountant, having obtained her Bachelor of Commerce degree from the University of Botswana and a Diploma in Investment Management from the University of Johannesburg. She is a fellow member of the Association of Chartered Certified Accountants, United Kingdom.

Moholi - who has given Telkom the requisite six months' notice of her intended departure - welcomed the appointment of Mabuza and Mzondeki.

"We welcome the appointment of our new board members and believe that their depth of knowledge, skill and experience will be of great value to Telkom."

Mzondeki was also appointed as a member of the Audit Committee of the Company.

"While these are challenging times for the company and its people, I am convinced that Telkom will emerge strengthened and able to continue to contribute to the economic growth of the country, "said Moholi.

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