The Telkom group

Telkom’s purpose is to seamlessly connect our customers to a better life. We aim to provide our stakeholders with transparent, relevant and integrated information to enable them to make better and more informed decisions about Telkom – connecting our reporting with their expectations.

This integrated report (this report) covers the financial year 1 April 2019 to 31 March 2020 (FY2020 or the year) and includes significant subsequent events up to the date of approval of this report. The reporting boundary covers Telkom SA SOC Ltd, which represents the Telkom group (Telkom or the group), which comprises Telkom company (the company) and its subsidiaries.

The Telkom company consists of divisions, namely corporate centre, Openserve, Telkom Consumer and Telkom Small and Medium Business (Telkom SMB). The group’s subsidiaries are BCX, Gyro and Yellow Pages2. Telkom’s business units are made up of these divisions and subsidiaries.

Telkom Small and Medium Business (Telkom SMB) is a division of Telkom. Yellow Pages is a wholly owned subsidiary. The Competition Commission approved the sale of the 35.1% stake of Yellow Pages by minority shareholders to Telkom SA SOC Ltd without conditions during the year. The business unit is now optimally resourced. The process of the financial separation is currently underway.

Board approval

The board of directors (the board) acknowledges its responsibility for the integrity of Telkom’s integrated report. It confirms that it collectively reviewed the integrated report’s contents and leveraged off the assurance obtained from its various internal and external assurance providers, including assessments on risk and internal controls.

The board is of the view that Telkom’s integrated report addresses all matters material to its stakeholders’ decisionmaking and concluded that the information herein is materially presented in accordance with the IIRC Framework3. The board approved the integrated report on 24 July 2020.

Sello Moloko
(Chairperson)		 Santie Botha
Keith Rayner
Navin Kapila
Khanyisile Kweyama
Sibusiso Luthuli
Dolly Mokgatle
Kholeka Mzondeki
Fagmeedah Petersen-Cook
Sibusiso Sibisi
Rex Tomlinson
Louis Von Zeuner
 
Sipho Maseko
(Group Chief Executive Officer)
 
Tsholofelo Molefe
(Group Chief Financial Officer)
 
1 King IV Report on Corporate Governance™ for South Africa, 2016 (King IV). Copyright and trademarks are owned by the Institute of Directors in South Africa NPC and all of its rights are reserved.
2 Yellow Pages is known as Trudon.
3 International Integrated Reporting Council’s (IIRC) International Integrated Reporting Framework.

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