NOTE 38

38 Directors' interest and prescribed officers	Beneficial		Non-beneficial

	Direct	Indirect	Direct	Indirect

Group and company
Number of shares
Directors' shareholding
2017
Executive
SN Maseko	52 520	–	–	–
DJ Fredericks	48 711	267	–	–
	101 231	267	–	–
Non-executive
JA Mabuza	26 000	–	–	–
F Petersen-Lurie	–	–	–	–
I Kgaboesele	12 000	–	–	–
KW Mzondeki	267	–	–	–
	38 267	–	–	–

There has been no change in the above since 31 March 2017 to the date of approval of consolidated annual financial statements.

Beneficial

Non-beneficial

Direct

Indirect

Direct

Indirect

2016

Executive

SN Maseko

52 520

–

Deon Fredericks

9 607

267

–

62 127

267

–

Non-executive

JA Mabuza

26 000

–

F Petersen-Lurie

–

400

I Kgaboesele

12 000

–

KW Mzondeki

267

–

38 267

–

400

	Fees	Remuneration	Performance bonus	Fringe and other benefits*	Total

	R	R	R	R	R

Group and company
2017
Emoluments per director:
Non-executive	4 311 834	5 495 701	–	–	9 807 535
N Kapila	362 500	505 404	–	–	867 904
JA Mabuza	273 000	1 249 992	–	–	1 522 992
KW Mzondeki	396 225	366 000	–	–	762 225
SL Botha	300 900	366 000	–	–	666 900
KT Kweyama	260 000	366 000	–	–	626 000
F Petersen– Lurie	450 284	366 000	–	–	816 284
LL Von Zeuner	548 725	366 000	–	–	914 725
GW Dempster	362 500	366 000	–	–	728 500
T Dingaan	326 725	366 000	–	–	692 725
RG Tomlinson	336 225	366 000	–	–	702 225
RN Njeke (RN Ntshingila)¹	107 500	217 704	–	–	325 204
H Toure²	207 500	228 601	–	–	436 101
I Kgaboesele*	379 750	366 000	–	–	745 750
Executive that held office during 31 March 2017	–	12 691 200	13 179 664	23 994	25 894 858
SN Maseko (CEO)		7 441 200	8 813 911	11 997	16 267 108
DJ Fredericks (CFO)		5 250 000	4 365 753	11 997	9 627 750
Total emoluments – paid by Telkom	4 311 834	18 186 901	13 179 664	23 994	35 702 393
2016
Emoluments per director:
Non-executive	3 846 888	5 283 318	–	–	9 130 206
N Kapila	295 500	493 486	–	–	788 986
I Kgaboesele*	491 970	357 042	–	–	849 012
GW Dempster	295 500	357 042	–	–	652 542
T Dingaan	315 250	357 042	–	–	672 292
RG Tomlinson	290 250	357 042	–	–	647 292
RN Ntshingila	106 500	357 042	–	–	463 542
JA Mabuza	262 190	1 219 412	–	–	1 481 602
KW Mzondeki	363 475	357 042	–	–	720 517
SL Botha	298 500	357 042	–	–	655 542
KT Kweyama	227 500	357 042	–	–	584 542
F Petersen– Lurie	410 278	357 042	–	–	767 320
LL Von Zeuner	489 975	357 042	–	–	847 017
Executive that held office during 31 March 2016	–	12 691 200	9 829 862	1 446 432	23 967 494
SN Maseko (CEO)	–	7 441 200	6 127 846	941 683	14 510 729
DJ Fredericks (CFO)	–	5 250 000	3 702 016	504 749	9 456 765
Total emoluments – paid by Telkom	3 846 888	17 974 518	9 829 862	1 446 432	33 097 700

Refer to remuneration report for appointments and resignations.
Included in fringe and other benefits is motor car insurance for SN Maseko of R11 997 (2016: R11 997), DJ Fredericks, motor car insurance of R11 997 (2016: R11 997).

S Maseko was granted 262 755 shares (2016: 338 923) and the total IFRS 2 expense of R3 371 563 (2016: R4 392 442). DJ Fredericks was granted 69 043 shares (2016: 241 905) and the total IFRS 2 expense of R885 931 (2016: R3 135 089).

¹	resigned on 3 November 2016
²	appointed 16 October 2016
*	paid to Sphere Holdings (Pty) Limited

		Remuneration*	Incentive bonus	Fringe and other benefits**	Total	Pension -TRF13%***

	Notes	R	R	R	R	R

Emoluments per prescribed officer:
Group and company
2017
BC Armstrong		5 001 345	4 249 353	11 997	9 262 695	319 086
AN Samuels		4 500 000	4 433 738	11 997	8 945 735	339 300
LM de Villiers		3 288 448	2 681 058	11 997	5 981 503	447 229
IM Russell		4 153 353	4 103 244	11 997	8 268 594	323 961
NM Lekota¹		266 667	179 207	–	445 874	28 000
A Vitai		5 830 000	5 777 314	11 997	11 619 311	–
J Henning²		1 900 000	594 660	96 371	2 591 031	172 841
I Mophatlane		5 804 827	5 341 562	519 909	11 666 298	246 371
T Seopa		3 460 184	–	–	3 460 184	260 898
Total emoluments - granted by Telkom		34 204 824	27 360 136	6 76 265	62 241 225	2 137 686
2016
MA Altman	1	1 197 396	347 857	272 522	1 817 775	124 529
BC Armstrong		5 001 345	3 340 323	481 830	8 823 498	455 122
TE Msubo	1	1 383 071	–	317 475	1 700 546	107 880
GJ Rasethaba	1	1 192 156	692 669	274 338	2 159 163	89 888
AN Samuels		4 291 667	3 489 288	350 649	8 131 604	524 667
V Scarcella	1	1 430 000	1 011 458	329 038	2 770 496	111 540
LM de Villiers		3 288 448	2 051 514	321 557	5 661 519	447 229
IM Russell		4 153 353	3 000 011	402 977	7 556 341	323 961
IC Coetzee		1 039 819	625 000	738 597	2 403 416	78 402
A Vitai	2	2 650 000	1 911 922	11 997	4 573 919	–
J Henning	2	1 295 455	1 091 071	11 997	2 398 523	–
Total emoluments - granted by Telkom		26 922 710	17 561 113	3 512 977	47 996 800	2 263 218

¹	appointed 1 March 2017
²	resigned on 30 November 2016

	Number of shares	IFRS 2 expense R

2017
Share allocation per prescribed officer:
BC Armstrong	65 773	2 874 287
AN Samuels	59 179	1 991 962
LM de Villiers	43 246	2 917 017
IM Russell	54 621	2 543 963
NM Lekota	–	–
A Vitai	76 670	2 963 749
J Henning	17 491	1 097 241
I Mophatlane	255 384	4 920 868
T Seopa	147 804	2 195 988
	720 168	21 505 075
2016
Share allocation per prescribed officer:
MA Altman	76 735	994 486
BC Armstrong	133 270	1 727 179
TE Msubo	88 635	1 148 710
GJ Rasethaba	76 399	990 131
AN Samuels	96 060	1 244 938
V Scarcella	91 915	1 191 218
LM de Villiers	87 808	1 137 992
IM Russell	110 903	1 437 303
IC Coetzee	32 323	418 906
A Vitai	58 929	763 720
J Henning	13 443	174 221
	866 420	11 228 804

The group has identified Exco members as prescribed officers because they exercise general executive control over the business.

^*	Remuneration 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, retention agreements, sign-on bonuses, flexible allowance, acting allowances, leave gratuity and voluntary severance packages/voluntary early retirement packages benefits.
***	The pension contribution is a company contribution.
	¹	Ceased 31 August 2015.
	²	Appointed to executive committee 16 October 2015.