Telkom chief scores over R25m pay

TELKOM chief executive Sipho Maseko’s total remuneration and benefits increased by 78.5 percent – or by R11.39 million – to R25.9m in the 2017 financial year from R14.5m in the previous year, according to the company’s latest annual report. In Telkom’s 2016 financial year, Maseko’s total remuneration and benefits rose by 17.9 percent. Maseko’s total remuneration and benefits in the 2017 financial year included R7.44m as part of his guaranteed package, R8.8m in short-term incentives, R9.6m in long-term incentives in the form of vested shares and R11 997 in fringe and other benefits. The total remuneration and benefits paid to Telkom chief financial officer Deon Fredericks in the 2017 financial year increased by 42.6 percent – or R4.02m – to R13.48m from R9.45m in the previous year. His package and benefits included R5.25m as part of his guaranteed remuneration, R4.36m in short-term incentives, R3.85m in long-term incentives in the form of vested shares and R11 997 in fringe and other benefits. The annual report also revealed that the total remuneration and benefits paid to Telkom’s executive increased by 19.8 percent to R200.79m. - Roy Cokayne

See Page 21