Question NW283 to the Minister of Telecommunications and Postal Services
13 March 2017 - NW283
Shinn, Ms MR to ask the Minister of Telecommunications and Postal Services
(1) (a) What is the (i) number and (ii) the value of the shares that the Government holds as a shareholder in Telkom as at 31 January 2017, (b) how many directors is Government required to appoint to Telkom’s Board in terms of its shareholding, (c) who are the Government’s appointees to Telkom’s Board and (d) when were they appointed; (2) Are there any plans to (a) change the specified directors or (b) appoint new directors to the Telkom Board; if so, in each case, what are the relevant details?
Reply:
I have been informed by Telkom as follows:
1. (a)(i) 207 038 058 Shares
(ii) R15 244 212 210.54 as on 31 January 2017 (Government shareholdings have not changed since the previous reporting period- September 2016)
(b) Government is not required to appoint any directors to the Telkom Board.
(c) Telkom does not have any government appointees on their current Board.
(d) No appointments
(2) (a) It is the prerogative of the Board on the recommendations of the Nominations Committee subject to Shareholder approval.
(b) It is the prerogative of the Board on the recommendations of the Nominations Committee subject to Shareholder approval.