Question NW810 to the Minister of Telecommunications and Postal Services
11 April 2016 - NW810
Malatsi, Mr MS to ask the Minister of Telecommunications and Postal Services
(1) What is the (a) total amount in Rands that Telkom SOC Ltd paid to a certain person (name furnished) to promote its fibre broadcast technology and (b) duration of the contract closed between Telkom and the specified person in this regard; (2) whether any South African athletes were considered to promote Telkom’s fibre broadcast technology in the specified campaign; if not, why not; if so, why did Telkom not choose a South African athlete for the specified campaign; (3) (a) which company, including the (i) name and (ii) business address of the company and (iii) details of the (aa) chief executive officer, (bb) managing director and (cc) account manager, was awarded the tenders for (aaa) print, (bbb) radio and (ccc) digital marketing of the specified campaign and (b) what is the total amount paid by Telkom to the specified company in each case? NW929E
Reply:
Telkom has provided me with the following response:-
(1)- (3) Telkom as a listed company must comply with the Johannesburg Stock Exchange (JSE) rules.
In terms of the JSE rules, information that is of financial nature has to be disclosed to all shareholders at once during an open period (reporting period). The company is currently in a closed period.
Furthermore, the information required, requires Telkom to reveal information which is of a commercial nature. The information therefore cannot be shared as it is competitive sensitive.