Notes to the financial statements | Note 11.1

11. Related parties
11.1 Directors' interest and Prescribed Officers
 
  Group and Company
  Beneficial Non-Beneficial
Directors' shareholding  Direct Indirect Direct Indirect
Number of shares
2025		        
Executive        
S Taukobong (Group Chief Executive Officer) 265 689 — — —
N Dlamini (Group Chief Financial Officer) —  —  —  —
  265 689 — — —
Non-executive        
B Kennedy 200 — — —
K Rayner 2 500 — — —
  2 700 — — —

There has been no change in the above since 31 March 2025 to the date of approval of the annual financial statements.

2024
Executive		        
S Taukobong (Group Chief Executive Officer) 47 857 — — —
DJ Reyneke (Group Chief Financial Officer) 9 377 — — —
N Dlamini (Group Chief Financial Officer) — — — —
  57 234 — — —
Non-executive        
B Kennedy 200 — — —
  200 — — —

 

  Group and Company
Emoluments per director: Retainer
fees
R		 Committee
fees
R		 Performance
bonus
R		 Fringe and
other
benefits
R		 Total
R
2025          
Non-executive  8 261 582  5 657 538  —  —  13 919 120
MG Qhena 2 120 083 — — — 2 120 083
PCS Luthuli 493 500 565 838 — — 1 059 338
LL Von Zeuner1 195 833 256 250 — — 452 083
S Sibisi 493 500 396 026 — — 889 526
KA Rayner 493 500 817 984 — — 1 311 484
H Singh 493 500 527 633 — — 1 021 133
O Ighodaro 493 500 603 863 — — 1 097 363
E Matenge-Sebesho 493 500 515 083 — — 1 008 583
IO Selele 493 500 354 909 — — 848 409
B Kennedy 493 500 669 458 — — 1 162 958
KP Lebina 493 500 462 922 — — 956 422
SH Yoon 771 750 293 438 — — 1 065 188
M Msimang2 366 208 97 067 — — 463 275
M Booi2 366 208 97 067 — — 463 275

 

  Remuneration3
R  		 Performance
bonus
R		 Fringe and
other
benefits
R		 Total
R
Executives who held office during 31 March 2025 16 747 500   16 142 461 12 589 32 902 550
S Taukobong (Group Chief Executive Officer) 9 922 500   10 000 000 12 293 19 934 793
N Dlamini (Group Chief Financial Officer) 6 825 000   6 142 461 296 12 967 757
Total emoluments - paid by Telkom           46 821 670
1 Retired with effect from 20 August 2024.
2 Appointed with effect from 1 July 2024.
3 Remuneration includes basic salary, company contribution to the TRF and flexible benefits.

                                        

  Group and Company
Emoluments per Director Retainer fees
R		 Attendance
fees
R		 Performance
bonus
R		 Fringe and
other benefits
R		 Total
R
2024          
Non-executive 7 949 334 5 033 314 — — 12 982 648
MG Qhena 2 069 039 — — — 2 069 039
PCS Luthuli 470 000 465 000 — — 935 000
LL Von Zeuner 470 000 615 000 — — 1 085 000
S Sibisi 470 000 300 000 — — 770 000
KA Rayner 470 000 710 000 — — 1 180 000
H Singh 470 000 365 000 — — 835 000
O Ighodaro 470 000 300 000 — — 770 000
E Matenge-Sebesho 470 000 510 000 — — 980 000
IO Selele 470 000 260 000 — — 730 000
B Kennedy 470 000 550 000 — — 1 020 000
KP Lebina 470 000 365 000 — — 835 000
SH Yoon 735 000 300 000 — — 1 035 000
N Ford-Hoon 210 295 163 314 — — 373 609
M Nyati 235 000 130 000 — — 365 000

 

  Remuneration1
R 		 Performance
bonus
R		 Fringe and
other benefits
R		 Total
R
Executives who held office during 31 March 2024 15 693 467  3 517 809 20 587 19 231 863
S Taukobong (Group Chief Executive Officer) 9 450 000  2 972 575 12 293 12 434 868
DJ Reyneke (Group Chief Financial Officer) 4 076 800  — 8 195 4 084 995
N Dlamini (Group Chief Financial Officer) 2 166 667  545 234 99 2 712 000
Total emoluments - paid by Telkom       32 214 511
1 Remuneration includes basic salary, company contribution to the TRF and flexible benefits.

Refer to the remuneration report for appointments and resignations.

Included in fringe and other benefits is motor car insurance for S Taukobong of R11 997.

S Taukobong was granted 418 002 shares (31 March 2024: nil shares) and the total IFRS 2 expense was R7 296 183 (31 March 2024: R5 750 929). N Dlamini was granted 311 036 shares and the total IFRS 2 expense was R1 608 056. The IFRS 2 expense includes previously granted shares. The Group reassessed the estimated number of shares that will vest for 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  
2025          
AC Beukes4 5 985 000   — 7 466 350   13 451 350 544 635  
PJ Bogoshi 5 956 856   2 251 937 296   8 209 089 580 794  
NM Lekota 4 656 161   4 190 767 296   8 847 224 488 897  
L Siyo 6 001 338   5 679 695 12 293   11 693 326 348 078  
DJ Reyneke 6 420 960   4 367 627 12 293   10 800 880 726 211  
S Mmakau5 4 250 000   3 940 910 908 629   9 099 539 331 500  
M McNamee6 2 855 244   2 740 642 2 999   5 598 885 225 165  
Total emoluments - granted by Telkom 36 125 559   23 171 578 8 403 156   67 700 293 3 245 280  

 

  Group and Company
Emoluments per Prescribed Officer: Remuneration1
R  		 Incentive bonus
R		 Fringe and  
other benefits2
R  		 Total
R		 Pension – TRF  
13%3
R  
2024          
AC Beukes 5 700 000   1 448 296 12 292   7 160 588 518 700  
PJ Bogoshi 5 783 355   967 553 296   6 751 204 563 877  
NM Lekota 4 351 552   1 269 718 296   5 621 566 456 913  
LTS Maloba 4 119 500   — 2 337 481   6 456 981 348 098  
L Siyo 5 608 727   1 760 996 12 292   7 382 015 325 306  
DJ Reyneke 4 076 800   1 643 795 8 195   5 728 790 461 086  
Total emoluments - granted by Telkom 29 639 934   7 090 358 2 370 852   39 101 144 2 673 980  
1 Remuneration includes basic salary and has been apportioned based on the period served by 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 Resigned effective 13 December 2024.
5 Appointed as the Chief Digital Officer effective 1 April 2024.
6 Appointed as the Chief of Corporate Affairs effective 15 July 2024.

 

Share allocation per Prescribed Officer: Total vested shares year
to date		 Number of
shares
FY2019/20		 Number of
shares
FY2020/21		 Number of
shares
FY2021/22		 Number of
shares
FY2022/23		 Number of
shares
FY2024/25		 IFRS 2
expense
R
2025              
AC Beukes 365 884 36 275 505 561 99 344 99 419 — 1 937 277
PJ Bogoshi 425 139 63 364 517 998 291 284 100 872 83 648 3 267 580
NM Lekota 278 070 46 583 380 816 76 230 75 899 130 766 2 234 598
L Siyo 316 489 37 106 404 449 171 051 97 827 168 544 2 908 063
DJ Reyneke 259 282 14 900 345 893 108 146 106 660 108 198 2 194 743
S Mmakau — — — — — 119 359 617 086
M McNamee — — — — — 112 338 580 787
  1 644 864 198 228 2 154 717 746 055 480 677 722 853 13 740 134
Share allocation per Prescribed Officer: Total vested
shares year
to date		 Number of
shares
FY2017/18		 Number of
shares
FY2018/19		 Number of
shares
FY2019/20		 Number of
shares
FY2020/21		 Number of
shares
FY2021/22		 Number of
shares
FY2022/23		 IFRS 2
expense
R
2024                
AC Beukes 413 257 — 45 455 36 275 505 561 99 344 99 419 2 158 495
PJ Bogoshi 422 368 — 62 611 63 364 517 998 291 284 100 872 3 553 676
NM Lekota 394 544 67 994 46 542 46 583 380 816 76 230 75 899 1 734 221
LTS Maloba 407 859 — 22 085 46 356 404 449 79 475 78 384 1 290 533
L Siyo 285 416 — — 37 106 404 449 171 051 97 827 2 460 848
DJ Reyneke 331 089 17 693 24 221 14 900 345 893 108 146 106 660 1 658 395
  2 254 533 85 687 200 914 244 584 2 559 166 825 530 559 061 12 856 168