TELKOM SA SOC LIMITED - Government Gazette announcement on Telkom
Government Gazette announcement on Telkom
Telkom SA SOC Limited
Registration number 1991/005476/30)
JSE share code: TKG
JSE bond code: BITEL
ISIN: ZAE000044897
("Telkom" or “the Group”)
Government Gazette announcement on Telkom
Shareholders are advised that Telkom has noted the Government Gazette no.: 11385, published
yesterday, Tuesday, 25 January 2022 giving the Special Investigative Unit (SIU) authority to investigate
several matters including contracting and possible maladministration regarding the disposals of
iWayAfrica, Africa Online Mauritius and Multi-Links Telecommunications Limited.
As the SIU investigation is now pending, we expect to receive further clarity on the scope of the
investigation. Telkom will deal with the investigation on its merits in the appropriate forum, in the
appropriate manner, at the appropriate time.
Telkom follows robust corporate governance principles and has done so in executing the Telkom strategy
to consolidate its operations in South Africa. The aforementioned matters date back to as far as 2006 and
have been repeatedly reported on in respective Telkom reports.
Matters surrounding the Multi-Links Telecommunications Limited transaction have been reported on
previously and certain related issues have been dealt with in various courts with different jurisdictions in
South Africa.
Telkom disposed of Telkom International & Africa Online Mauritius jointly grouped under iWayAfrica. The
US$1 transaction supported the disposal of liabilities amounting to US$8 million.
Centurion
26 January 2022
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 26-01-2022 08:35:00
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