38. Directors' interest and prescribed officers
 
  Group and Company
Directors' shareholding Beneficial Non-beneficial
Number of shares Direct Indirect Direct Indirect
2021        
Executive        
SN Maseko 52 520 – – –
TBL Molefe – – – –
DJ Reyneke – – – –
  52 520 – – –
Non-executive        
AN Samuels 102 094 – – –
KW Mzondeki 748 – – –
  102 842 – – –

There has been no change in the above since 31 March 2021 to the date of approval of the financial statements.

2020        
Executive        
SN Maseko 52 520 – – –
TBL Molefe 9 716 – – –
  62 236 – – –
Non-executive        
JA Mabuza 5 531 – – –
KW Mzondeki 748 – – –
  6 279 – – –
Emoluments per director: Retainer
fees
R		 Attendance
fees
R		 Performance
bonus
R		 Fringe and
other benefits
R		 Total
R
2021
         
Non-executive  6 352 595  6 246 423 –  –  12 599 018
N Kapila 584 908 461 813 – – 1 046 721
KW Mzondeki 424 000 687 578 – – 1 111 578
SL Botha1 211 998 252 967 – – 464 965
KT Kweyama2 317 997 378 259 – – 696 256
F Petersen-Cook 424 000 588 392 – – 1 012 392
LL Von Zeuner 424 000 625 092 – – 1 049 092
RG Tomlinson 424 000 711 132 – – 1 135 132
MS Moloko 1 591 299 477 363 – – 2 068 662
DD Mokgatle3 353 330 281 424 – – 634 754
PCS Luthuli 424 000 428 399 – – 852 399
S Sibisi 424 000 472 385 – – 896 385
KA Rayner 424 000 632 339 – – 1 056 339
A Samuels4 105 999 89 676 – – 195 675
H Singh5 219 064 159 605 – – 378 669
  Remunera-
tion
R		 Performance
bonus
R		 Fringe and
other benefits
R		 Total
R
Executive that held office during 31 March 2021 15 338 988 14 216 240 19 216 743 48 771 971
SN Maseko (Group Chief Executive Officer) 8 830 449 10 216 240 16 397 068 35 443 757
TBL Molefe (Group Chief Financial Officer)6 5 600 000 –  2 817 780 8 417 780
DJ Reyneke (Group Chief Financial Officer)7 908 539 4 000 000 1 895 4 910 434
Total emoluments – paid by Telkom       61 370 989


1  Resigned on 25 September 2020
2  Resigned on 31 December 2020
3  Deceased on 9 January 2021
4  Appointed on 1 January 2021
5  Appointed on 25 September 2020
6  Resigned on 4 December 2020
7  Appointed on 7 December 2020

Refer to the remuneration report for appointments and resignations.

Included in fringe and other benefits is motor car insurance for SN Maseko of R11 997 (31 March 2020: R11 997).

SN Maseko was granted nil shares (31 March 2020: 196 596 shares) and the total IFRS 2 expense increased by Rnil (31 March 2020: R3 453 587). DJ Reyneke was granted 345 893 shares and the total IFRS 2 expense increased by R3 265 229. TBL Molefe was granted 566 229 shares (31 March 2020: 58 286 shares) and the total IFRS 2 expense increased by R5 345 202 (31 March 2020: R1 023 906). The Group reassessed the estimated amount of shares to vest to executives based on the current performance against vesting targets.

  Group and Company
Emoluments per director: Retainer
fees
R		 Attendance
fees
R		 Performance
bonus
R		 Fringe and
other benefits
R		 Total
R
2020          
Non-executive  6 245 585  6 610 597  –  –  12 856 182
N Kapila 473 249 571 111 – – 1 044 360
JA Mabuza 80 133 227 458 – – 307 591
KW Mzondeki 706 623 533 042 – – 1 239 665
SL Botha 389 073 413 996 – – 803 069
KT Kweyama 334 875 413 996 – – 748 871
F Petersen-Cook 591 710 413 996 – – 1 005 706
LL Von Zeuner 661 588 413 996 – – 1 075 584
GW Dempster 133 342 413 996 – – 547 338
RG Tomlinson 579 051 413 996 – – 993 047
MS Moloko 576 352 1 251 723 – – 1 828 076
DD Mokgatle 312 707 413 996 – – 726 703
PCS Luthuli 520 429 413 996 – – 934 425
S Sibisi 332 105 413 996 – – 746 101
KA Rayner 554 347 301 299 – – 855 646

 

  Remunera-
tion
R		 Performance
bonus
R		 Fringe and
other benefits
R		 Total
R
Executive that held office during 31 March 2020 13 542 905 – 13 704 229 27 247 134
SN Maseko (Group Chief Executive Officer) 8 830 449 – 12 986 598 21 817 047
TBL Molefe (Group Chief Financial Officer) 4 712 456 – 717 631 5 430 087
Total emoluments – paid by Telkom 20 153 502 – 13 704 229 40 103 316
  Group and Company
Emoluments per prescribed officer: Remunera-
tion*
R  		 Incentive
bonus
R		 Fringe and    
    other    
benefits**
R    		 Total
R		 Pension       
- TRF 13%***
R       
2021          
AC Beukes 4 809 998   5 130 000 78 911    10 018 909 437 708      
PJ Bogoshi 5 123 000   5 322 797 296    10 446 093 499 493      
S Taukobong 6 300 000   6 936 300 12 292    13 248 592 573 300      
NM Lekota 3 766 273   4 500 000 1 960 732    10 227 005 395 459      
LTS Maloba 4 000 000   4 208 000 12 292    8 220 292 338 000      
L Siyo 4 000 000   4 092 000 12 292    8 104 292 232 000      
Total emoluments – granted by Telkom 27 999 271   30 189 097 2 076 815    60 265 183 2 475 960     
2020          
AN Samuels 5 407 500   – 14 067 492    19 474 992 407 726     
AC Beukes 4 240 000   – 217 821    4 457 821 385 840     
CJ Moganwa 3 750 000   – 19 453    3 769 453 372 000     
PJ Bogoshi 5 123 000   – 296    5 123 296 499 493     
S Taukobong 6 300 000   – 12 293    6 312 293 573 300     
NM Lekota 3 766 273   – 296    3 766 569 395 459      
LTS Maloba 3 915 963   – 12 293    3 928 256 330 899     
DJ Fredericks 3 510 819   – 22 564 799    26 075 618 374 253     
L Siyo 3 333 333   – 10 243    3 343 576 193 333     
Total emoluments – granted by Telkom 39 346 888   – 36 904 986    76 251 874 3 532 303     
Share allocation per
prescribed officer:		 Total vested shares year
to date 		Number of
shares FY2015/
2016 		Number of
shares FY2016/
2017 		Number of
shares FY2017/
2018 		Number of
shares FY2018/
2019 		Number of
shares FY2019/
2020 		Number of
shares FY2020/
2021 		 IFRS 2
expense
2021                
AC Beukes 20 254 12 500 – – 45 455 36 275 505 561 5 470 829
PJ Bogoshi – – – – 62 611 63 364 517 998 6 079 105
S Taukobong – – – – 186 503 53 899 637 007 8 282 741
NM Lekota 62 416 – 21 042 67 994 46 542 46 583 380 816 4 725 296
LM Siyo – – – – – 37 106 404 449 4 168 279
LTS Maloba – – – – – 46 356 404 449 4 255 599
  82 670 12 500 21 042 67 994 341 111 283 583 2 850 280 32 981 849
Share allocation per
prescribed officer:		 Total
vested
shares year
to date		 Number of
shares
FY2014/
2015		 Number of
shares
FY2015/
2016		 Number of
shares
FY2016/
2017		 Number of
shares
FY2017/
2018		 Number of
shares
FY2018/
2019		 Number of
shares
FY2019/
2020		 IFRS 2
expense
2020                
AN Samuels 286 265 55 629 40 431 59 179 133 637 91 475 66 883 2 827 730
AC Beukes 18 129 21 926 12 500 – – 45 455 36 275 1 722 033
CJ Moganwa – – – – – – 65 968 1 158 855
PJ Bogoshi – – – – – 62 611 63 364 2 212 993
S Taukobong – – – – – 186 503 53 899 4 223 123
NM Lekota – – – 21 042 67 994 46 542 46 583 3 200 008
LM Siyo – – – – – – 37 106 651 838
DJ Fredericks 367 158 86 705 53 066 69 043 148 737 76 359 51 491 2 077 166
  671 552 164 260 105 997 149 264 350 368 508 945 421 569 18 073 746
*   Remuneration includes basic salary, company contribution towards the Telkom Retirement Fund and flexible allowance and has been apportioned based on the period served as prescribed officers. Comparative information has been provided for members identified as prescribed officers.
**  Fringe and other benefits include motor car insurance, relocation benefits, separation packages, notional completion bonuses and leave payments.
*** The pension contribution is a company contribution.