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02
Value creation
How our leadership
supports value creation
Chairman’s
report
– continued
TheTelkomof the future requires the correct mix of skills and
expertise, and we are constantly training and upskilling our employees
to face operational challenges and meet our strategic objectives.
By actively competing in the communications sector, we are
developing the backbone of information industries and a modern
economy, and giving the people of South Africa a conduit for making
their voices heard. The first-place rating by a recent Tariffic survey
proves that products such as the popular data-driven FreeMe meet
people’s needs.
We know where we want to be in the future, and our strategy will
focus on converged ICT solutions to help us develop data-led value
propositions for the market and our 4 million active mobile subscribers
and 1 million fixed broadband subscribers. The contribution by our
mobile offering is becoming more significant after being a loss-maker
in the past, and actively competes with larger, longer-established
competitors. We will support its organic growth to ensure that it
becomes a competitive corporate player while improving its scale to
a more appropriate size.
As we review our capital structure for the future, we will continue
to invest in the network. This will ensure that the competitive
approach to business, developed through our evolution will be
backed by the infrastructure needed to deliver value.
The BCX business was acquired in August 2015 and integrated
into the group. Matters around governance, leadership, systems
and controls are being addressed to better position the entity for
strong business-to-business sales and to add value toTelkomgoing
forward. Although the teething problems were largely resolved, the
business will continuously seek to leverage opportunities to obtain
positive results and further growth.
Focused on the future
Digital is the future,
and leveraging
the expertise
of our vibrant
and committed
employees will enable
us to grow in a
decisive manner.
Board focus areas for FY2017
The board is aware that the group needs to be positively positioned
to meet any future challenges and commitments, be fit for purpose
and responsive to customers’ needs.
The board’s focus was driving theTelkom strategy and
ensuring that the appropriate business model and resources
are in place to meet current and future business requirements.
Refer to page 34 for matters discussed at board level.
34