Notes to the financial statements | Note 11.1

11. Related parties
11.1 Directors' interest and Prescribed Officers
 
  Group and Company Group and Company
  31 March 2026 31 March 2025
  Beneficial Non-Beneficial Beneficial Non-Beneficial
Directors' shareholding Direct Indirect Direct Indirect Direct Indirect Direct Indirect
Number of shares                
Executive                
S Taukobong (Group Chief Executive Officer) 322 283  —  —  —  265 689  —  —  — 
N Dlamini (Group Chief Financial Officer) —  —  —  —  —  —  —  — 
  322 283  —  —  —  265 689  —  —  — 
Non-executive                
B Kennedy —  —  —  —  200  —  —  — 
KA Rayner 2 500  —  —  —  2 500  —  —  — 
M Booi 3 000  —  —  —  —  —  —  — 
  5 500  —  —  —  2 700  —  —  — 

There has been no change in the above since 31 March 2026 to the date of approval of the annual financial statements.

  Group and Company
Emoluments per Director: Retainer
fees
R		 Committee
fees
R		 Performance
bonus
R		 Fringe and
other
benefits
R		 Total
R
31 March 2026          
Non-executive 8 871 510  7 114 134  —  —  15 985 644 
M Booi 520 643  196 110  —  —  716 753 
O Ighodaro 520 643  889 829  —  —  1 410 472 
B Kennedy 520 643  789 002  —  —  1 309 645 
KP Lebina 520 643  602 542  —  —  1 123 185 
PCS Luthuli 520 643  738 893  —  —  1 259 536 
EG Matenge-Sebesho 520 643  621 975  —  —  1 142 618 
M Msimang 520 643  196 110  —  —  716 753 
MG Qhena 2 330 241  —  —  —  2 330 241 
KA Rayner 520 643  986 704  —  —  1 507 347 
IO Selele 520 643  485 623  —  —  1 006 266 
SP Sibisi 520 643  530 164  —  —  1 050 807 
H Singh 520 643  712 518  —  —  1 233 161 
SH Yoon 814 196  364 664  —  —  1 178 860 

  Remuneration1
R		 Performance bonus
R		 Fringe and other benefits
R		 Total
R
Executives who held office during 31 March 2026 17 736 863  16 359 756  12 588  34 109 207 
S Taukobong (Group Chief Executive Officer) 10 468 238  10 000 000  12 292  20 480 530 
N Dlamini (Group Chief Financial Officer) 7 268 625  6 359 756  296  13 628 677 
Total emoluments - paid by Telkom       50 094 851 
1 Remuneration includes basic salary, company contribution to the TRF and flexible benefits.
  Group and Company
Emoluments per Director Retainer fees
R		 Committee fees
R		 Performance bonus
R		 Fringe and other benefits
R		 Total
R
31 March 2025          
Non-executive 8 261 582  5 657 538  —  —  13 919 120 
M Booi 366 208  97 067  —  —  463 275 
O Ighodaro 493 500  603 863  —  —  1 097 363 
B Kennedy 493 500  669 458  —  —  1 162 958 
KP Lebina 493 500  462 922  —  —  956 422 
PCS Luthuli 493 500  565 838  —  —  1 059 338 
EG Matenge-Sebesho 493 500  515 083  —  —  1 008 583 
M Msimang 366 208  97 067  —  —  463 275 
MG Qhena 2 120 083  —  —  —  2 120 083 
KA Rayner 493 500  817 984  —  —  1 311 484 
IO Selele 493 500  354 909  —  —  848 409 
SP Sibisi 493 500  396 026  —  —  889 526 
H Singh 493 500  527 633  —  —  1 021 133 
LL Von Zeuner 195 833  256 250  —  —  452 083 
SH Yoon 771 750  293 438  —  —  1 065 188 
  Remuneration1
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  13 628 677 
Total emoluments – paid by Telkom       46 821 670 
1 Remuneration includes basic salary, company contribution to the TRF and flexible benefits.

Refer to the Directors report for appointments and resignations.

Included in fringe and other benefits is motor car insurance for S Taukobong of R11 997 (31 March 2025: R11 997).

S Taukobong was granted 309 131 shares (31 March 2025: 418 002 shares) and the total IFRS 2 expense was R10 236 291 (31 March 2025: R7 296 183). N Dlamini was granted 143 097 shares (31 March 2025: 311 036 shares) and the total IFRS 2 expense was R2 702 091 (31 March 2025: 1 608 056). 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. In terms of the Telkom share scheme rules and IFRS 2 (Share-based Payments), 66 711 (31 March 2025: 531 699) shares vested to Mr S Taukobong and may be exercised after the closed period and no shares vested to Ms N Dlamini.

  Group and Company
Emoluments per Prescribed Officer: Remuneration1
R		 Incentive bonus
R		 Fringe and
other benefits2
R		 Total
R		 Pension - TRF
13%3
R
31 March 2026          
BN Apleni4 4 500 000  5 640 015  9 219  10 149 234  339 300 
PJ Bogoshi5 5 678 869  —  3 032 160  8 711 029  553 690 
NM Lekota 4 912 250  4 284 299  296  9 196 845  515 786 
M McNamee 4 388 800  4 115 514  12 021  8 516 335  342 326 
S Mmakau 4 618 263  4 087 741  417 626  9 123 630  360 225 
LM Siyo 6 391 425  6 632 897  6 343 703  19 368 025  370 703 
Total emoluments – granted by Telkom 30 489 607  24 760 466  9 815 025  65 065 098  2 482 030 

  Group and Company
Emoluments per Prescribed Officer: Remuneration1
R		 Incentive bonus
R		 Fringe and
other benefits2
R		 Total
R		 Pension – TRF
13%3
R
31 March 2025          
AC Beukes6 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 
M McNamee 2 855 244  2 740 642  2 999  5 598 885  225 165 
S Mmakau 4 250 000  3 940 910  908 629  9 099 539  331 500 
DJ Reyneke7 6 420 960  4 367 627  12 293  10 800 880  726 211 
LM Siyo 6 001 338  5 679 695  12 293  11 693 326  348 078 
Total emoluments – granted by Telkom 36 125 559  23 171 578  8 403 156  67 700 293  3 245 280 
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, retention bonus, separation packages and leave payments.
3 The pension contribution is a company contribution.
4 Appointed as the Chief Executive Officer of Openserve effective 1 July 2025.
5 Resigned as the BCX Chief Executive Officer effective 28 February 2026.
6; Resigned as the Openserve Chief Executive Officer effective 13 December 2024.
7 Resigned as Prescribed Officer effective 31 October 2025.
Share allocation per Prescribed Officer: Total vested
shares year
to date		 Number of
shares
FY2020/21		 Number of
shares
FY2021/22		 Number of
shares
FY2022/23		 Number of
shares
FY2024/25		 Number of
shares
FY2025/26		 IFRS 2
expense
R
31 March 2026              
BN Apleni 12 062  111 037  73 102  31 003  59 169  162 920  2 529 756 
NM Lekota 290 648  380 816  76 230  75 899  130 766  96 707  4 449 648 
M McNamee —  —  —  —  112 338  86 402  1 182 503 
S Mmakau —  —  —  —  119 359  90 919  1 251 154 
LM Siyo 344 712  404 449  171 051  97 827  168 544  250 474  6 331 526 
  647 422  896 302  320 383  204 729  590 176  687 422  15 744 587 

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
31 March 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 
M McNamee —  —  —  —  —  112 338  580 787 
S Mmakau —  —  —  —  —  119 359  617 086 
DJ Reyneke 259 282  14 900  345 893  108 146  106 660  108 198  2 194 743 
LM Siyo 316 489  37 106  404 449  171 051  97 827  168 544  2 908 063 
  1 644 864  198 228  2 154 717  746 055  480 677  722 853  13 740 134