Telkom SA SOC Limited announced the appointment of Mr. Mvuleni Geoffrey Qhena as an independent Non- Executive Director with effect from 27 March 2023 and Chairperson of the Board of Directors with effect from 01 April 2023. The appointment, made in compliance with Telkom's nomination process, follows Telkom's announcement on 23 November 2022 that Mr. Sello Moloko will step down as independent Non-Executive Director and Chairperson by no later than 31 March 2023. Qhena is former Chief Executive Officer of the Industrial Development Corporation ("IDC") of South Africa.

During his tenure, he grew the IDC's asset base from R31bn in 2004 to R137bn in 2018. Mr. Qhena has experience serving as a Non- Executive Director and Chairperson on Boards of listed and unlisted companies. He currently serves on the Boards of Investec Bank Limited and Exxaro Resources Limited as a Non-Executive Director and Chairperson respectively.