Telkom AR front.qxp

8
Telkom Annual Report 2009
Equity markets
The financial year ended March 31, 2009 was characterised by extreme volatility in global stock markets and currencies as a result of
the sub-prime crisis. Despite these difficulties we managed to conclude:
• The sale of our 15% share in Vodacom to Vodafone Plc for the excellent price of
R22.5 billion. In addition, the remaining 35% share in Vodacom was unbundled
directly to shareholders. Details of the transaction can be found in the performance
review.
• As a result of this transaction Telkom was able to pay a special dividend of R19.00 per
share to its shareholders.
• In addition, Telkom declared an ordinary dividend of R1.15 and a special dividend of
R2.60 in respect of the 2009 financial year.
Telkom remains committed to returning cash to shareholders and growing shareholder value.
Market performance
JSE share price vs volume traded NYSE share price vs volume traded
Share price (R)
160
150
140
130
120
110
100
90
80
20 000 000
17 500 000
15 000 000
12 500 000
10 000 000
7 500 000
5 000 000
2 500 000
0
Mar 08 Jun 08 Aug 08 Nov 08 Jan 09 Mar 09
Mar 08 Jun 08 Aug 08 Nov 08 Jan 09 Mar 09
Telco index
Telkom
All share
Industrials
-31.2
-32.4
-40
-30
-19.6
-15.5
-20
%
-10
0
Volume
Share price (USD)
85
80
75
70
65
60
55
50
45
40
35
30
25
20
FTSE 250 Telcos
Telkom US$
Nasdaq
FTSE Global Telcos
S&P Telecoms
DJI
S&P 500
FTSE 350 Telcos (in USD)
JSE Limited NYSE
(ZAR per ordinary share) (USD per ADS)
year ended March 31 year ended March 31,
2008 2009 2008 2009
Closing price 131.20 105.49 65.43 44.93
Highest price 195.02 107.37 113.00 45.03
Market capitalisation (millions) 68,327 54,937 8,519 5,850
Share price (R) Volume Share price (US$) Volume
JSE share price relative to SA indices NYSE share price relative to major international stock
market indices
-46.1
-60
-50
-31.3
-32.9
-34.6
-36.8
-38.0
-39.7
-40
-25.2
-30
%
-20
-10
250
200
150
100
50
0
0
Volume