Shareholders

[SK33T]

Just a quick thought here.
Has anyone here got Telkom shares?
My thought here is that if someone has shares then that makes them a shareholder right?,now as a shareholder doesnt that shareholder have some type of right as to infomation like stats and so forth,and how the company is being run.
Just a thought,maybe the stockbroker guys could clarify that.
My point here is that we need stats

 

[savage]

Anyone has a right to information. There was a new law passed a little while ago that makes it law for any company to reveal information neccessary to the public as well as their customers.

Something like the Promotion of access to information act, under which all companies are required to publically publish a manual providing all the required information. If information is required that is not in the manual, anyone from the public can submit a court application to get the company to reveal the information. Should the courts decide so, they will be legally forced to reveal the information asked for.

 

[kaspaas]

All companies must hold an "Annual Meeting of Share holders" where financial statements has to be approved by the shareholders etc etc.

All shareholders have the right to be present whether they hold 1 share or millions.

Sometimes minor-minority shareholders upset an applecart by asking the right questions at such meetings.

So...



<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by SK33T</i>
<br />Just a quick thought here.
Has anyone here got Telkom shares?
My thought here is that if someone has shares then that makes them a shareholder right?,now as a shareholder doesnt that shareholder have some type of right as to infomation like stats and so forth,and how the company is being run.
Just a thought,maybe the stockbroker guys could clarify that.
My point here is that we need stats
<hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote">

 

[microfast]

The law provides that any person can go to
the registered address of any public company and
request a copy of the financial statements
and a lot more (board resolutions etc.)
of any company requested.

The cost is a nominal sum of R1.00, maybe this
has increased recently - probably R10.00

 

[paf]

I don't think the interest of shareholders and our interests are congruent.
Shareholders care about money. Period.

Shareholders would start asking questions if Telkom suddenly starts incurring significant losses from ADSL. And the only way that will happen is if there is a mass-exodus away from ADSL.

 

[kaspaas]

Shareholders care about profits indeed.

Long term profits are the result of honourable service to clients.

The "greens" in Europe etc used this method with success to force companies to pay more attention (and spend more money) on environmental aspects of their business.

I'm sure Telkom could be edged to spend a wee bit more attention to customer care.



<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by paf</i>
<br />I don't think the interest of shareholders and our interests are congruent.
Shareholders care about money. Period.

Shareholders would start asking questions if Telkom suddenly starts incurring significant losses from ADSL. And the only way that will happen is if there is a mass-exodus away from ADSL.
<hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote">

 

[leonardharley]

Personally I don't want to force Telkom into spending more on customer care - why should we fight them for something they should already be doing in the persuit of their business....

Enough is enough - time for all South Africans to be heard - deregulate the industry - competition will soon make them wakeup...

 

[SK33T]

Ye ,but Telkom aint gona do nothing if no one complains you cant just sit back and expect things to happen on their own.

 

[herbs]

Send letters to the:

Board of Telkom, this has to be read at board meetings.
Minister of Communications.
Provincial Minister of Communications.
Member of Parliamnet for your area.
Communications Users Association of SA (www.cuasa.org.za)
ICASA (Limp wristed bunch they are)
Leader of the official opposition, Douglas Gibson of DA

Hopefully we wont find too many self enriching ones amongst that lot.

 

[leonardharley]

I agree with Herbs - These are the people that must be informed that WE THE CONSUMERS DEMAND MEANINGFULL CHANGE NOW!

We are not an ignorant bunch of disgruntled users. Rather an informed public that has a constitutional right to be heard!

"The Great Deregulation War has begun! For the good of our country & people Join the fight NOW! Let your voice be heard!"

 

[SK33T]

Good day xxxxxxx

1) If you hold your shares under your own name you will be able to attend the meeting and vote the number of shares you hold.

2)If you hold your shares under a nominee account for example Computershare or any other broker, you will have to get a letter of representation from your nominee which will enable you to attend and vote your shares - or your broker will voter your shares as per your instruction.

However, you may attend the meeting as a visitor if you do not meet criteria one or you have not obtained a letter of representation from your broker.

Hope this answers your question.

Kind regards
Elizabeth Africa
Manager
Company Secretary's Office
Tel. 27 012 311 7743
Fax. 27 012 311 4777

<b>This was a reply from Telkom investor relations</b>