| Mon 18 Oct 2004, 9:04 | | Telkom SA Limited - Trading Statement |
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Telkom SA Limited - Trading Statement
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN Code: ZAE000044897
JSE and NYSE Share Code TKG
(`Telkom`)
TELKOM SA LIMITED TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Securities
Exchange South Africa, issuers are required to publish a trading statement as
soon as they become reasonably certain that the financial results for the period
to be reported on next will differ by at least 20% from those of the previous
corresponding period.
Telkom is currently finalising its results for the 6 months ending 30 September
2004, which are expected to be released on 15 November 2004. Telkom accordingly
advises that it expects an increase of between 60%-80% in basic earnings per
share and 50%-70% in headline earnings per share for the 6-month period ending
30 September 2004 from the six months ended 30 September 2003. The main
difference between basic earnings and headline earnings is the impairment and
write-offs relating to property, plant and equipment.
This trading statement has neither been reviewed nor reported on by the
Company`s external auditors.
Johannesburg
18 October 2004
Sponsor: UBS
Special note regarding forward-looking statements
All statements contained herein, as well as oral statements that may be made by
us or by officers, directors or employees acting on behalf of the Telkom Group,
that are not statements of historical fact constitute `forward-looking
statements` within the meaning of the US Private Securities Litigation Reform
Act of 1995, specifically Section 21E of the U.S. Securities Exchange Act of
1934, as amended. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that could cause our actual results to be
materially different from historical results or from any future results
expressed or implied by such forward-looking statements. Among the factors that
could cause our actual results or outcomes to differ materially from our
expectations are those risks identified under the caption `Risk Factors`
contained in item 3 of Telkom`s most recent annual report on Form 20-F filed
with the U.S. Securities Exchange Commission (`SEC`) and our other filings with
the SEC, available on Telkom`s website at www.telkom.co.za/ir, including, but
not limited to, increased competition in the South African fixed-line and mobile
communications markets; developments in the regulatory environment; Telkom`s
ability to reduce expenditure, customer non-payments, theft and bad debt, the
outcome of arbitration or litigation proceedings with Telcordia Technologies
Incorporated and others; general economic, political, social and legal
conditions in South Africa and in other countries where Vodacom invests;
fluctuations in the value of the Rand and inflation rates, our ability to retain
key personnel; and other matters not yet known to us or not currently considered
material by us. You should not place undue reliance on these forward-looking
statements. All written and oral forward-looking statements, attributable to us,
or persons acting on our behalf, are qualified in their entirety by these
cautionary statements. Moreover, unless we are required by law to update these
statements, we will not necessarily update any of these statements after the
date hereof either to conform them to actual results or to changes in our
expectations.
