Telkom Group officially appoints new CFO

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In accordance with paragraph 3.59 of the Listings Requirements of the Johannesburg Stock Exchange (JSE) Limited, shareholders are advised that Tsholofelo Molefe has been appointed by the Telkom Board as its Chief Financial Officer (CFO) and Executive Director, effective 1 July 2018.

Molefe, a qualified chartered accountant, joined Telkom on 1 July 2016 as Deputy CFO to Deon Fredericks, the incumbent CFO.

She was appointed to the Group Executive committee as Chief Risk and Compliance Officer on 1 April 2017 to strengthen internal controls across the Group.

Over the past two years, Molefe was actively involved in the strategic decisions of the Group and has gained valuable experience and knowledge of the businesses across the Group.

She was formerly a CFO at Eskom and her experience includes various senior positions in Eskom, Absa and Liberty among others.

Fredericks will step down as CFO and Director with effect from 30 June 2018 to take on the responsibility of Chief Investment Officer to enhance Telkom’s investment strategy.

Telkom congratulates Molefe and Fredericks on their new roles.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 15 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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