Dividends
The Telkom Board declared an ordinary dividend of 290.75253 cents per share on 5 June 2017 payable on 3 July 2017 to shareholders registered on 30 June 2017.

Resignation of non-executive director
Telkom announced on 11 May 2017 that Ms Thembisa Skweyiya (Dingaan) had informed the Board of her resignation as director with effect from 10 May 2017.

Establishment of Gyro group
Telkom SA SOC Ltd (Telkom) and Gyro Group, are entering into a sale of business for shares transaction in terms of which Telkom is selling its Masts and Towers (M&T) business to an existing subsidiary, Swiftnet, and 40 properties to a newly established wholly owned subsidiary, Gyro.

The M&T business will be sold as a going concern. Included in the M&T business are contracts, licenses, M&T fixed assets and free right of use on Intellectual Property (IP) all of which is currently used by the M&T business. The 40 properties consist of technical, commercial and industrial properties owned by Telkom.

The sale is part of the Telkom’s endeavor to unlock value in its property and M&T portfolios and the sale will be effective from the date of transfer of the properties.

Other matters
The directors are not aware of any other matter or circumstance since the financial year ended 31 March 2017 and the date of this report, or otherwise dealt with in the financial statements, which significantly affects the financial position of the Group and the results of its operations.