Notes to the financial statements | Note 38

38. Directors’ interest and prescribed officers
 
  Group and Company
  Beneficial Non-beneficial
Directors’ shareholding Direct Indirect Direct Indirect
Number of shares
2022        
Executive        
SN Maseko1 22 200 30 320 – –
S Taukobong2 22 200 – – –
DJ Reyneke – – – –
  44 400 30 320 – –
Non-executive        
AN Samuels3 – – – –
KW Mzondeki 748 – – –
  748 – – –

There has been no change in the above since 31 March 2022 to the date of approval of the financial statements.
2021        
Executive        
SN Maseko 52 520 – – –
TBL Molefe – – – –
DJ Reyneke – – – –
  52 520 – – –
Non-executive        
AN Samuels 102 094 – – –
KW Mzondeki 748 – – –
  102 842 – – –
1 Resigned with effect from 31 December 2021.
2 Appointed with effect from 1 January 2022.
3 Resigned with effect from 1 July 2021.
       

 

  Group and Company
 Emoluments per Director: Retainer
fees
R		 Attendance
fees
R		  Performance
bonus
R		 Fringe and other benefits
R		  Total
R
2022
Non-executive		  7 101 703  5 305 607  –  –  12 407 310
N Kapila 735 000 257 097 – – 992 097
KW Mzondeki 470 000 590 837 – – 1 060 837
E Matenge-Sebesho1 317 998 272 328 – – 590 326
F Petersen-Cook 470 000 544 538 – – 1 014 538
LL Von Zeuner 470 000 616 807 – – 1 086 807
RG Tomlinson 470 000 547 236 – – 1 017 236
MS Moloko 1 864 708 223 907 – – 2 088 615
O Ighodaro1 317 998 217 328 – – 535 326
PCS Luthuli 470 000 349 515 – – 819 515
S Sibisi 470 000 421 677 – – 891 677
KA Rayner 470 000 684 643 – – 1 154 643
A Samuels2 105 999 109 710 – – 215 709
H Singh 470 000 469 984 – – 939 984

  Remuneration5
R 		 Performance
bonus
R		 Fringe and other benefits
R		 Total
R
Executives who held office during 31 March 2022 19 474 000  10 976 662 20 600 259 51 050 921
SN Maseko (Group Chief Executive Officer)3 9 400 000  5 265 974 19 533 650 34 199 624
S Taukobong (Group Chief Executive Officer)4 4 250 000  3 543 762 6 146 7 799 908
DJ Reyneke (Group Chief Financial Officer) 5 824 000  2 166 926 1 060 463 9 051 389
Total emoluments – paid by Telkom 63 458 231

  Group and Company
 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 Botha 211 998 252 967 – – 464 965
KT Kweyama 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 Mokgatle 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 Samuels 105 999 89 676 – – 195 675
H Singh 219 064 159 605 – – 378 669

  Group and Company
   Remuneration5
R 		  Performance
bonus
R		 Fringe and other benefits
R		  Total
R
Executives who 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) 5 600 000  – 2 817 780 8 417 780
DJ Reyneke (Group Chief Financial Officer) 908 539   4 000 000 1 895 4 910 434
Total emoluments – paid by Telkom       61 370 989
1 Appointed with effect from 1 July 2021.
2 Resigned with effect from 1 July 2021.
3 Resigned with effect from 31 December 2021.
4 Appointed as GCEO designate with effect from 1 October 2021.
5 Remuneration includes basic salary, company contribution to the TRF and flexible benefits.
       

Refer to remuneration report for appointments and resignations.

Included in fringe and other benefits is motor car insurance for SN Maseko of R11 997 (31 March 2021: R11 997). Included in fringe and other benefits is motor car insurance for DJ Reyneke of R11 997 and S Taukobong of R5 998.

DJ Reyneke was granted 108 146 shares (31 March 2021: 345 893 shares) and the total IFRS 2 expense increased by R803 525 (31 March 2021: R3 265 229). S Taukobong was granted 278 552 shares and the total IFRS 2 expense increased by R2 069 641. 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 prescribed officer:  Remuneration1
R 		  Incentive
bonus
R		 Fringe and 
other 
benefits2
R 		  Total
R		  Pension – 
TRF  13%3
R 
2022          
AC Beukes 5 350 000  2 645 240 1 603 531  9 598 771 486 850 
PJ Bogoshi 5 455 995  2 426 696 1 386 212  9 268 903 531 960 
S Taukobong4 3 386 250  – 6 606 218  9 992 468 308 149 
NM Lekota 4 105 238  2 101 891 1 809 593  8 016 722 431 050 
LTS Maloba 4 280 000  1 421 788 549 852  6 251 640 361 660 
L Siyo 4 768 710  2 003 039 12 292  6 784 041 276 585 
Total emoluments – granted by Telkom 27 346 193  10 598 654 11 967 698  49 912 545 2 396 254 

  Group and Company
 Emoluments per prescribed officer:  Remuneration1
R 		 Incentive
bonus
R		 Fringe and 
other 
benefits2
R 		  Total
R		  Pension – 
TRF  13%3
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 
1 Remuneration includes basic salary and has been apportioned based on the period served as prescribed officers. Comparative information has been provided for members identified as prescribed officers.
2 Fringe and other benefits include motor car insurance, relocation benefits, separation packages, notional completion bonuses and leave payments.
3 The pension contribution is a company contribution.
4 Appointed as GCEO designate with effect from 1 October 2021.
         

Share allocation per prescribed officer: Total vested
shares year
to date		 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		 Number of
shares
FY2021/2022		 IFRS 2
expense
2022                
AC Beukes 53 391 – – 45 455 36 275 505 561 99 344 4 705 003
PJ Bogoshi 31 306 – – 62 611 63 364 517 998 291 284 6 716 356
S Taukobong 146 538 – – 186 503 53 899 637 007 125 758 6 364 753
NM Lekota 100 094 21 042 67 994 46 542 46 583 380 816 76 230 4 005 610
LM Siyo – – – – 37 106 404 449 171 051 4 551 663
LTS Maloba 11 043 – – 22 085 46 356 404 449 79 475 4 022 022
  342 372 21 042 67 994 363 196 283 583 2 850 280 843 142 30 365 407

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