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549 TUESDAY, 14 OCTOBER 2008
550
This pensioner received an ex
gratia bonus from Transnet of
approximately R3 004,62 and
received an ex gratia bonus of
approximately R229,25 in
2008. This is in addition to the
bonuses paid by the TSDBF of
R136,72 in 2007 and R273,45
to date for 2008.
(ii) The lowest single amount paid
in June 2008 to a pensioner in
the TSDBF was R219,44. The
total service of this pensioner
was approximately ten years
and his salary at retirement on
1 August 1996 was R1 207,50
per month. In 2007, this pensioner
also received an ex gratia
bonus from Transnet of approximately
R25,82 and he
will, in 2008, receive an ex
gratia bonus of approximately
R5 892,72. This is in addition to
the bonuses paid by the TSDBF
of R38,72 in 2007 and of
R77,45 to date for 2008.
The highest single amount paid
to a pensioner in the TSDBF in
June 2008 was R57 242 per
month. This pensioner had 43
years of service and a salary, on
retirement on 16 June 1996, of
R53 280 per year. This pensioner
also received an ex gratia
bonus from Transnet of
R13 806,85 in 2007 and
Name of board member Fees
(R’ thousand)
R17 275,74 in 2008. TSDBF
paid these pensioner bonuses of
R10 303,62 in 2007 and
(2) (a)
R20 607,24 to date for 2008.
The average nett monthly pension
for pensioners falling under Act 26
of 1941 was R262 in June 2008.
(b) The average net monthly pension
for a pensioner in the TSDBF was
R2 833 in June 2008.
(3) (a-b) In terms of the Rules of the
TSDBF there are six trustees on the
Board of the TSDBF. Four of these
trustees are appointed by Transnet, two
of whom are employees of Transnet
and the other two are independent
nonexecutive directors on Transnet’s
Board of Directors. The two pensioner
trustees were elected by the pensioners
and beneficiaries of the TSDBF.
The two pensioner trustees and the two
independent nonexecutive directors of
Transnet receive a maximum of R4 000
per day for attending meetings. Their
travel and subsistence costs are also
provided. The above costs are effectively
carried by Transnet as Transnet
pays the administration costs of the
TSDBF.
(4) (a) Table 1: The annual financial compensation
and benefits for the financial
year ended 31 March 2008
for each nonexecutive director of
Transnet is tabled below:
Other payments
(R’ thousand)
2007
(R’ thousand)
2008
(R’ thousand)
FTM Phaswana 1 049 1 1 050 1 050
I Abedian 538 41 510 579
GK Everingham 600 125 593 725
NBP Gcaba 454 103 560 557
NSD Haste OBE 300 — 300 300
SE Jonah KBE* 428 1 451 429
PG Joubert 600 1 488 601
NNA Matyumza 375 1 484 376