NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS | NOTE 39
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39. DIRECTORS’ INTERESTS AND PRESCRIBED OFFICERS

Group and Company

      Beneficial   Non-beneficial  
Number of shares Notes   Direct   Indirect   Direct   Indirect  
Directors’ shareholding                    
2013                    
Executive                    
NT Moholi 1   37,004   –   –   –  
Total     37,004   –   –   –  
Non-executive                    
J Molobela     267   –   –   –  
K Mzondeki 2   267   –   –   –  
Dr CA Fynn 3   202   –   –   –  
      736   –   –   –  
2012                    
Executive                    
NT Moholi     37,004   –   –   –  
Total     37,004   –   –   –  
Non-executive                    
J Molobela     267   –   –   –  
NP Mnxasana 4   160   –   –   –  
      427   –   –   –  
1. Resigned as Telkom Group CEO on 31 March 2013.
2. Appointed as Telkom independent non-executive director on 14 November 2012.
3. Appointed as Telkom independent non-executive director on 10 December 2012.
4. Resigned as Telkom independent non-executive director on 24 October 2012.

  2013
Rm		     2012
Rm		  
Directors’ emoluments 29     28  
Executive          
For services as directors 20     20  
Non-executive          
For other services 9     8  

Group and Company

 Fees
R		   Remuneration
R

Performance
bonus
R		   Fringe and
other benefits*
R

Total
R		  
2013                    
Emoluments per director:                    
Non-executive 4,266,667   4,534,481   –   –   8,801,148  
NP Dongwana 185,000   192,005   –   –   377,005  
B du Plessis 455,000   325,000   –   –   780,000  
JN Hope 330,000   183,705   –   –   513,705  
RJ Huntley 305,000   183,705   –   –   488,705  
N Kapila 285,000   449,811   –   –   734,811  
PSC Luthuli 330,000   183,705   –   –   513,705  
I Kgaboesele 490,000   325,000   –   –   815,000  
NP Mnxasana 245,000   183,705   –   –   428,705  
J Molobela 470,000   325,000   –   –   795,000  
SP Sibisi 60,000   183,705   –   –   243,705  
Y Waja 310,000   183,705   –   –   493,705  
PL Zim 156,667   627,422   –   –   784,089  
JA Mabuza 145,000   422,290   –   –   567,290  
KW Mzondeki 105,000   128,004   –   –   233,004  
LW Maasdorp 85,000   128,004   –   –   213,004  
S Botha 50,000   101,943   –   –   151,943  
Dr CA Fynn 60,000   101,943   –   –   161,943  
KT Kweyama –   101,943   –   –   101,943  
F Petersen 90,000   101,943   –   –   191,943  
LL von Zeuner 110,000   101,943   –   –   211,943  
Executive –   11,378,400   4,896,893   3,768,759   20,044,052  
NT Moholi (CEO) –   6,402,150   2,659,133   2,575,420   11,636,703  
JH Schindehütte (CFO) –   4,976,250   2,237,760   1,193,339   8,407,349  
Total emoluments – paid by Telkom 4,266,667   15,912,881   4,896,893   3,768,759   28,845,200  
2012                    
Emoluments per director:                    
Non-executive 4,001,181   4,180,000   –   –   8,181,181  
NP Dongwana 37,401   25,000   –   –   62,401  
B du Plessis 325,000   495,000   –   –   820,000  
JN Hope 325,000   435,000   –   –   760,000  
RJ Huntley 325,000   645,000   –   –   970,000  
PG Joubert 135,417   190,000   –   –   325,417  
N Kapila 449,811   255,000   –   –   704,811  
PSC Luthuli 325,000   630,000   –   –   955,000  
I Kgaboesele** 243,750   185,000   –   –   428,750  
NP Mnxasana 37,401   10,000   –   –   47,401  
J Molobela 325,000   450,000   –   –   775,000  
SP Sibisi 37,401   15,000   –   –   52,401  
Y Waja 325,000   435,000   –   –   760,000  
PL Zim 1,110,000   410,000   –   –   1,520,000  
Executive –   7,461,720   3,129,613   9,860,446   20,451,779  
NT Moholi (CEO) –   5,121,720   2,253,013   4,692,588   12,067,321  
JH Schindehütte (CFO) –   2,340,000   876,600   5,167,858   8,384,458  
Total emoluments – paid by Telkom 4,001,181   11,641,720   3,129,613   9,860,446   28,632,960  
* Included in fringe and other benefits is a pension contribution for NT Moholi of R665,824 (2012: R665,824), a restraint of trade of RNil million (2012: R3,404,300), a leave gratuity of R429,406 (2012: RNil million) and a notice pay of R2,134,050 (2012: RNil million), JH Schindehütte, a pension contribution of R488,992 (2012: R304,200), a sign-on bonus of RNil million (2012: R4,500,000) and a settling-in allowance of R1,181,375 (2012: RNil million).
** Paid to Sphere Holdings (Pty) Limited.

Emoluments per prescribed officer:

Group and Company

 Notes

   Remuneration*
R

Incentive
bonus
R		   Fringe and
other benefits*
R

Total
R		   Pension-
TRF13%***
R		  
2013                        
Emoluments per prescribed officer:                        
A Vitai 1   1,833,333   689,700   5,948,333   8,471,366   –  
BC Armstrong     3,537,432   1,222,536   958,061   5,718,029   321,906  
DJ Fredericks 2   3,162,000   1,179,300   680,074   5,021,374   338,874  
JM Mavuso     2,931,497   905,481   11,964   3,848,942   228,657  
TE Msubo     2,996,632   1,079,866   11,964   4,088,462   233,737  
MB Sallie     3,336,218   1,167,409   11,964   4,515,591   281,910  
GJ Rasethaba     2,582,987   900,119   11,964   3,495,070   194,757  
MJ Nzeku 3   660,621   –   13,000,000   13,660,621   57,540  
Total emoluments – paid by Telkom     21,040,720   7,144,411   20,634,324   48,819,455   1,657,381  
2012                        
Emoluments per prescribed officer:                        
BC Armstrong     2,781,000   1,017,179   6,674,400   10,472,579   253,070  
DJ Fredericks     2,825,421   627,525   4,433,344   7,886,290   293,844  
JM Mavuso     2,261,957   580,458   5,438,520   8,280,935   176,432  
TE Msubo     2,853,935   693,232   1,011,787   4,558,954   222,607  
MB Sallie     2,622,812   892,759   6,304,572   9,820,143   221,627  
GJ Rasethaba     2,436,780   551,833   2,436,780   5,425,393   183,733  
MJ Nzeku     3,848,278   –   –   3,848,278   335,185  
P Marais 4   1,638,884   –   4,411,276   6,050,160   170,444  
Total emoluments – paid by Telkom     21,269,067   4,362,986   30,710,679   56,342,732   1,856,942  

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. Appointed to EXCO 13 November 2012.
2. DJ Fredericks was appointed as acting Chief Financial Officer from August 2010 to July 2011. Thereafter he was appointed as Deputy Chief Financial Officer.
3. Retired 31 May 2012.
4. Retired 31 December 2011.
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