40. Directors' interest and prescribed officers


Group and company         Beneficial       Non-beneficial  
Number of shares Notes       Direct   Indirect       Direct   Indirect  
Directors' shareholding                            
2015                            
Executive                            
SN Maseko         52 520   –       –   –  
DJ Fredericks 1       4 967   267       –   –  
          57 487   267       –   –  
Non-executive                            
JA Mabuza         26 000   –       –   –  
F Petersen-Lurie         –   –       –   400  
I Kgaboesele         12 000   –       –   –  
K Mzondeki         267   –       –   –  
          38 267   –       –   400  
2014                            
Executive                            
SN Maseko         52 520   –       –   –  
JH Schindehütte 2       298 700   –       –   –  
          351 220   –       –   –  
Non-executive                            
JA Mabuza         26 000                  
F Petersen-Lurie         –           –   400  
I Kgaboesele         12 000                  
K Mzondeki         267   –       –   –  
Dr CA Fynn         160   –       –   42  
          38 427   –       –   442  
1. Appointed as Telkom group chief financial officer on 12 September 2014.
2. Retired as Telkom group chief financial officer on 8 August 2014.

      2015
Rm		   2014
Rm		  

Directors' emoluments

     48   27  
Executive            
For services as directors     39   18  
Non-executive            
For other services     9   9  

Group and company     Fees
R		 Remuneration
R		 Performance bonus
R		 Fringe and
other benefits*
R		 Total
R		  
2015                
Emoluments per director:                
Non-executive     4 275 150 4 467 646 – – 8 742 796  
N Kapila     352 500 465 555 – – 818 055  
I Kgaboesele*     680 190 336 375 – – 1 016 565  
G Dempster**     16 500 112 331     128 831  
T Dingaan**     78 300 112 331 – – 190 631  
R Tomlinson**     78 300 112 331 – – 190 631  
N Ntshingila**     46 500 112 331 – – 158 831  
JA Mabuza     365 320 1 148 850 – – 1 514 170  
KW Mzondeki     366 900 336 375 – – 703 275  
LW Maasdorp***     105 000 135 417 – – 240 417  
SL Botha     381 500 336 375 – – 717 875  
Dr CA Fynn****     323 000 250 250 – – 573 250  
KT Kweyama     411 500 336 375 – – 747 875  
F Petersen-Lurie     501 740 336 375 – – 839 115  
LL von Zeuner     566 900 336 375 – – 903 275  
Executive     – 17 852 730 8 481 173 13 416 103 39 750 006  
S Maseko (CEO)     – 7 020 000 5 273 213 11 994 12 305 207  
DJ Fredericks (CFO)#     – 4 286 048 3 207 960 1 180 261 8 674 269  
JH Schindehütte (CFO)##     – 6 546 682 – 12 223 848 18 770 530  
Total emoluments – paid by Telkom     4 275 150 22 320 376 8 481 173 13 416 103 48 492 802  
2014                
Emoluments per director:                
Non-executive     4 170 000 4 484 811 – – 8 654 811  
B du Plessis     240 000 162 500 – – 402 500  
N Kapila     270 000 449 811 – – 719 811  
I Kgaboesele     545 000 325 000 – – 870 000  
J Molobela     185 000 162 500 – – 347 500  
JA Mabuza     310 000 1 110 000 – – 1 420 000  
KW Mzondeki     275 000 325 000 – – 600 000  
LW Maasdorp     470 000 325 000 – – 795 000  
SL Botha     360 000 325 000 – – 685 000  
Dr CA Fynn     355 000 325 000 – – 680 000  
KT Kweyama     345 000 325 000 – – 670 000  
F Petersen-Lurie     375 000 325 000 – – 700 000  
LL von Zeuner     440 000 325 000 – – 765 000  
Executive     – 12 500 000 5 200 000 23 944 17 723 944  
S Maseko (CEO)     – 6 500 000 5 200 000 11 972 11 711 972  
JH Schindehütte (CFO)     – 6 000 000 – 11 972 6 011 972  
Total emoluments – paid by Telkom     4 170 000 16 984 811 5 200 000 23 944 26 378 755  

* Paid to Sphere Holdings (Pty) Limited.
** Appointed 3 December 2014.
*** Retired on 27 August 2014.
*** *Resigned 3 December 2014.
#Appointed 12 September 2014.
## Last day of duty 8 August 2014.

Refer to remuneration report for appointments and resignations. Included in fringe and other benefits is motor car insurance for SN Maseko of R11 994 (2014: R11 972), DJ Fredericks, motor car insurance of R6 497 and JH Schindehütte, motor car insurance of R4 996 (2014: R11 972) and other benefits of R12 218 852. S Maseko received an allocation of nil shares (2014: 218 488 shares) amounting to an IFRS 2 expense of nil (2014: R327 732). DJ Fredericks received an allocation of nil shares amounting to an IFRS 2 expense of nil. No forfeitable shares were awarded in current financial year, in accordance with the rules of the Telkom Forfeitable Share Plan.
This is due to a prolonged closed period.

Group and company Notes     Remuneration*
R		 Incentive bonus
R		 Fringe and
other benefits**
R		 Total
R		 Pension TRF13%***
R
2015                
Emoluments per prescribed officer:                
MA Altman 1     687 500 413 465 – 1 100 965 71 500
BC Armstrong       4 770 000 2 882 894 11 994 7 664 888 434 070
TE Msubo       3 176 430 1 942 050 11 994 5 130 474 247 762
GJ Rasethaba       2 737 966 1 703 769 11 994 4 453 729 206 443
AN Samuels       3 207 943 2 315 362 11 994 5 535 299 291 923
V Scarcella       3 300 000 1 923 131 6 998 5 230 129 257 400
LM de Villiers       3 146 840 1 917 539 11 994 5 076 373 427 970
IM Russell       3 974 500 2 467 530 11 994 6 454 024 310 011
IC Coetzee       2 343 254 1 068 139 11 994 3 423 387 176 681
Total emoluments – granted by Telkom       27 344 433 16 633 879 90 956 44 069 268 2 423 760
2014                
Emoluments per prescribed officer:                
BC Armstrong       4 500 000 2 500 000 10 974 7 010 974 409 500
DJ Fredericks 2     3 241 050 2 119 155 1 220 867 6 581 072 347 346
TE Msubo       2 996 632 1 800 000 211 972 5 008 604 233 737
GJ Rasethaba       2 582 987 1 700 000 61 972 4 344 959 194 757
MB Sallie 3     3 504 048 2 005 724 11 972 5 521 744 296 092
AN Samuels 4     509 197 291 468 1 995 802 660 46 336
V Scarcella 5     550 000 150 000 3 300 000 4 000 000 42 900
LM de Villiers 6     1 272 993 574 215 4 988 1 852 196 162 943
IM Russell 7     662 417 150 000 6 001 995 6 814 412 51 669
Total emoluments – granted by Telkom       19 819 324 11 290 562 10 826 735 41 936 621 1 785 280

* Paid to Sphere Holdings (Pty) Limited.
** Appointed 3 December 2014.
*** Retired on 27 August 2014.
**** Resigned 3 December 2014.
# Appointed 12 September 2014.
## Last day of duty 8 August 2014.

2015

No forfeitable shares were awarded in current financial year, in accordance with the rules of the Telkom Forfeitable Share Plan. This is due to a prolonged closed period.

2014        
Share allocation per prescribed officer:     Number of shares IFRS 2 expense
BC Armstrong     24 958 37 437
DJ Fredericks     102 134 153 201
TE Msubo     94 432 141 648
GJ Rasethaba     – –
AN Samuels     – –
V Scarcella     27 179 40 769
LM de Villiers     96 277 144 416
IM Russell     32 734 49 101
Total emoluments – paid by Telkom     377 714 566 572

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 Executive Committee 1 February 2015.
2. Appointed as Telkom Group Chief Financial Officer on 12 September 2014.
3. Resigned 31 March 2014.
4. Appointed to Executive committee 13 February 2014.
5. Appointed to Executive committee 1 February 2014.
6. Appointed to Executive committee 1 November 2013.
7. Appointed to Executive committee 1 February 2014.