Telkom chief scores over R25m pay

The Star Early Edition - - NEWS -

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

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