Telkom terminates property portfolio information memorandum

Telkom terminates property portfolio information memorandum                     
Telkom SA Limited                                                               
(Registration Number 1991/005476/06)                                            
ISIN ZAE000044897                                                               
JSE and NYSE Share Code TKG                                                     
("Telkom")                                                                      
Telkom terminates property portfolio information memorandum                     
Telkom has terminated its Information Memorandum ("IM") relating to the proposed
sale and lease-back of a portion of its property portfolio.                     
The IM that Telkom released in September last year attracted 11 consortia       
bidders. Following a comprehensive assessment process, Telkom recently decided  
to terminate its IM as the bidding process failed to produce a commercially     
acceptable solution to Telkom.                                                  
"Telkom is extremely grateful for the time and effort that all the bidders      
invested in the IM process. Telkom has no intention at this time of releasing   
another IM relating to its property portfolio." said Telkom Group Executive for 
Corporate Development, John B. Gibson.                                          
Johannesburg                                                                    
5 June 2003                                                                     
Special note regarding forward-looking statements                               
All statements contained herein, as well as oral statements that may be made by 
Telkom SA Limited or by officers, directors or employees acting on behalf of the
Telkom Group, that are not statements of historical fact constitute "forward-   
looking statements" within the meaning of the U.S.  Private Securities          
Litigation Reform Act of 1995, specifically Section 21E of the U.S. Securities  
Exchange Act of 1934, as amended.  Such forward-looking statements involve a    
known and unknown risks, uncertainties and other factors that could cause our   
actual results to be materially different from historical results or from any   
future results expressed or implied by such forward-looking statements.  Among  
the factors that could cause our actual results or outcomes to differ materially
from our expectations are those risks identified under the caption "Risk        
Factors" contained in the prospectus relating to Telkom"s initial public        
offering filed with the U.S. Securities Exchange Commission and available on    
Telkom"s website at www.telkom.co.za/ir, including, but not limited to,         
increased competition in  the South African fixed-line and mobile communications
markets; developments in the regulatory environment; Telkom"s ability to reduce 
expenditure; the outcome of arbitration or litigation proceedings with Telcordia
Technologies Incorporated; general economic, political, social and legal        
conditions in South Africa and in other countries where Vodacom invests;        
fluctuations in the value of the Rand; and other matters not yet known to us or 
not currently considered material by us.  You should not place undue reliance on
these forward-looking statements.  All written and oral forward-looking         
statements attributable to us or persons acting on our behalf are qualified in  
their entirety by these cautionary statements.  Moreover, unless we are required
by law to update these statements, we will not necessarily update any of these  
statements after the date of this press release, either to conform them to      
actual results or to changes in our expectations.                               
Date: 05/06/2003 08:00:10 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department