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The Ministry of Communications welcomes the appointment of Ms Nombulelo
Pinky Moholi as Chief Executive Officer of Telkom SA Limited.

We believe that the appointment of the CEO will ensure the required
stability at the leadership level of the fixed line operator and in turn
enable the company to efficiently implement its turn around strategy.

Communications Minister Radhakrishna “Roy” Padayachie believes that the
appointment of Ms Moholi as CEO and last month’s appointment of Mr Lazarus
Zim as Chairperson are great developments towards achieving a full
complement of leadership at Telkom.

“When I took office four months ago I committed to work with speed to ensure
stability at all State Owned Enterprises within my portfolio and companies
that government has an interest in. I am therefore pleased that, working
with the other shareholders at Telkom, we have been able to bring the
stability that’s required for the successful implementation of the much
needed remedial measures that would see Telkom functioning optimally,” says
Minister Padayachie.

The Ministry of Communications sees Telkom as a crucial and strategic asset
and should continue to play a significant role in bridging the communication
divide in our country and ensuring that South Africa remains a desirable
investment destination.

Telkom must continue to work towards ensuring that South Africa’s
marginalised communities are connected, have access to information and are
able to take advantage of the opportunities brought by technological
innovations.

Government will continue to work with the other shareholders at Telkom and
the board of directors to ensure that all the key vacant positions at the
fixed line operator, including the position of Chief Financial Officer, are
filled within a reasonable period of time.

Minister Padayachie congratulates Ms Moholi on her appointment and wishes
her success in her new role.

She is an extremely talented person with exceptional qualifications and
qualities who has made history by becoming the first black woman CEO of a
listed telecommunications company in South Africa.

The Minister believes that her years of experience at Telkom and other
organisations will put her in good stead as she takes on this new challenge.