39. Directors’ interest and Prescribed Officers
 
  Group and Company
Directors’ shareholding Beneficial Non Beneficial
Number of shares Direct Indirect Direct Indirect  
2020          
Executive          
SN Maseko 52 520 – – –  
TBL Molefe 9 716 – – –  
  62 236 – – –  
Non-executive          
JA Mabuza 5 531 – – –  
KW Mzondeki 748 – – –  
  6 279 – – –  
2019          
Executive          
SN Maseko 143 561 – – –  
TBL Molefe 6 000 – – –  
  149 561 – – –  
Non-executive          
JA Mabuza 11 500 – – –  
I Kgaboesele 12 000 – – –  
KW Mzondeki 748 – – –  
  24 248 – – –  
  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 Mabuza1 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 Dempster2 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 Sibisi3 332 105   413 996   –   –   746 101  
KA Rayner4 554 347   301 299   –   –   855 646  
  Remuneration
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                   40 103 316  

1 Resigned on 1 June 2019
2 Resigned on 30 November 2019
3 Appointed on 1 April 2019
4 Appointed on 15 July 2019

  Group and Company
Emoluments per director: Retainer
fees
R		   Attendance
fees
R		   Performance
Bonus
R		   Fringe and
other
benefits
R		   Total
R		  
2019                    
Non-executive 4 522 632   6 352 738   –   –   10 875 370  
N Kapila 298 335   535 732   –   –   834 067  
JA Mabuza 337 060   1 325 000   –   –   1 662 060  
KW Mzondeki 642 867   596 291   –   –   1 239 158  
SL Botha 363 737   387 960   –   –   751 697  
KT Kweyama 253 037   387 960   –   –   640 997  
F Petersen-Cook 371 618   387 960   –   –   759 578  
LL Von Zeuner 564 361   387 960   –   –   952 321  
GW Dempster 477 471   387 960   –   –   865 431  
RG Tomlinson 411 017   387 960   –   –   798 977  
H Toure 50 350   269 203   –   –   319 553  
I Kgaboesele 213 571   185 163   –   –   398 734  
MS Moloko 166 887   387 960   –   –   554 847  
DD Mokgatle 145 371   387 960   –   –   533 331  
PCS Luthuli 226 950   337 669   –   –   564 619  
  Group and Company  
  Remuneration   Performance
Bonus		   Fringe and
other
benefits
R		   Total
R		  
Executive that held office during 31 March 2019 12 880 151   9 814 345   15 194   22 709 690  
SN Maseko (Group Chief Executive Officer) 8 291 500   7 006 091   12 096   15 309 687  
TBL Molefe (Group Chief Financial Officer) 3 155 663   2 308 254   99   5 464 016  
DJ Fredericks (Group Chief Financial Officer) 1 432 988   500 000   2 999   1 935 987  
Total emoluments – paid by Telkom             33 585 060  

Included in fringe and other benefits is motor car insurance for SN Maseko of R11 997 (31 March 2019: R11 997).

SN Maseko was granted 196 596 shares (31 March 2019: 220 912 shares) and the total IFRS 2 expense increased by R3 453 587 (31 March 2019: R1 053 750). TBL Molefe was granted 58 286 shares (31 March 2019: 56 051 shares) and the total IFRS 2 expense increased by R1 023 906 (31 March 2019: R267 363). The Group reassessed the estimated amount of shares to vest to executives based on the current performance against vesting targets. This increased the share scheme expense in the current year.

  Group and Company
Emoluments per prescribed officer: Remuneration*
R  		   Incentive
bonus
R		   Fringe and    
other    
benefits**
R    		   Total
R		   Pension      
- TRF 13%***
R      		  
2020                    
AN Samuels1 5 407 500   –   14 067 492   19 474 992   407 726  
AC Beukes 4 240 000   –   217 821   4 457 821   385 840  
CJ Moganwa2 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 Fredericks3 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  

1 Resigned on 31 March 2020
2 Resigned on 31 December 2019
3 Resigned on 31 October 2019

  Group and Company
Emoluments per prescribed officer: Remuneration*
R  		   Incentive
bonus
R		   Fringe and    
other    
benefits**
R    		   Total
R		   Pension      
- TRF 13%***
R      		  
2020                    
AN Samuels 5 150 000   3 414 416   12 096   8 576 512   388 310  
AC Beukes 1 287 398   815 893   3 711   2 107 002   116 167  
CJ Moganwa 1 181 151   –   74   1 181 225   102 598  
PJ Bogoshi 3 916 667   2 882 223   99   6 798 989   381 875  
S Taukobong 5 000 000   3 665 238   9 096   8 674 334   455 000  
NM Lekota 3 493 760   2 553 963   99   6 047 822   366 845  
LTS Maloba 3 552 500   1 777 150   99   5 329 749   300 186  
IM Russell 833 333   –   3 069 986   3 903 319   65 000  
TBL Molefe 1 051 888   769 418   –   1 821 306   79 312  
DJ Fredericks 4 298 963   1 500 000   9 096   5 808 059   458 269  
L Siyo 2 933 333   1 750 000   10 997   4 694 330   58 667  
Total emoluments – granted by Telkom 32 698 993   19 128 300   3 115 353   54 942 647   2 772 229  
* Remuneration includes basic salary, Company contribution towards TRF 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 the Company contribution.
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  
L 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  
2019                  
AN Samuels 42 828 55 629 40 431 59 179 133 637 91 475 – 1 609 985  
AC Beukes – – – – – – – –  
CJ Moganwa – – – – – – – –  
PJ Bogoshi – – – – – 62 611 – 298 654  
S Taukobong – – – – – 186 503 – 889 619  
NM Lekota – – – – 67 994 46 542 – 546 337  
LTS Maloba – – – – – 22 085 – 105 345  
IM Russell 188 089 68 922 41 981 54 621 122 946 – – 478 817  
TBL Molefe – – – – 109 181 56 051 – 788 157  
DJ Fredericks – – – – – – – –  
  230 917 124 551 82 412 113 800 433 758 465 267 – 4 716 914  

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