324 <strong>Telkom</strong> Annual Report 2009 Notes to the annual financial statements (continued) for the three years ended March 31, 2009 36. DIRECTORS’ INTERESTS (continued) Directors’ emoluments (continued) Performance Fringe and Fees Remuneration bonus other benefits Total R R R R R 2009 Emoluments per director: Non-executive 5,028,084 – – – 5,028,084 ST Arnold 1,030,000 – – – 1,030,000 B du Plessis 498,000 – – – 498,000 PSC Luthuli 642,000 – – – 642,000 KST Matthews 441,000 – – – 441,000 B Molefe 159,551 – – – 159,551 AG Rhoda 124,001 – – – 124,001 RJ Huntley 533,000 – – – 533,000 Dr E Spio-Garbrah** 622,750 – – – 622,750 Dr VB Lawrence** 359,000 – – – 359,000 DD Barber 293,667 – – – 293,667 PG Joubert 302,778 – – – 302,778 Executive – 4,530,912 2,289,947 7,848,357 14,669,216 RJ September* – 3,555,800 1,841,396 7,430,452 12,827,648 PG Nelson* – 975,112 448,551 417,905 1,841,568 Total emoluments – paid by <strong>Telkom</strong> 5,005,747 4,530,912 2,289,947 7,848,357 19,674,963 2008 Emoluments per director: Non-executive 4,633,933 – – – 4,633,933 ST Arnold 1,124,373 – – – 1,124,373 B du Plessis 393,967 – – – 393,967 MJ Lamberti – – – – – PSC Luthuli 502,117 – – – 502,117 TD Mahloele 357,684 – – – 357,684 KST Matthews 501,217 – – – 501,217 TF Mosololi 174,960 – – – 174,960 M Mostert *** 229,433 – – – 229,433 DD Tabata 250,583 – – – 250,583 YR Tenza 305,633 – – – 305,633 PL Zim 5,333 – – – 5,333 B Molefe 20,497 – – – 20,497 A Rhoda 14,286 – – – 14,286 RJ Huntley 193,833 – – – 193,833 Dr E Spio-Garbrah** 273,841 – – – 273,841 Dr VB Lawrence** 286,176 – – – 286,176 Executive – 14,489,833 3,436,308 13,244,896 31,171,037 RJ September* – 2,453,757 3,436,308 13,218,772 19,108,837 CEO – 1,016,524 3,436,308 10,438,538 14,891,370 Acting CEO – 1,437,233 – 2,780,234 4,217,467 LRR Molotsane* – 12,036,076 – 26,124 12,062,200 Total emoluments – paid by <strong>Telkom</strong> 4,633,933 14,489,833 3,436,308 13,244,896 35,804,970
Notes to the annual financial statements (continued) for the three years ended March 31, 2009 36. DIRECTORS’ INTERESTS (continued) Directors’ emoluments (continued) Performance Fringe and <strong>Telkom</strong> Annual Report 2009 325 Fees Remuneration bonus other benefits Total R R R R R 2007 Emoluments per director: Non-executive 2,641,168 – – – 2,641,168 NE Mtshotshisa 463,050 – – – 463,050 ST Arnold 353,719 – – – 353,719 TCP Chikane 32,670 – – – 32,670 B du Plessis 213,367 – – – 213,367 PSC Luthuli 205,417 – – – 205,417 TD Mahloele 166,667 – – – 166,667 K Matthews 109,643 – – – 109,643 TF Mosololi 214,417 – – – 214,417 M Mostert 232,417 – – – 232,417 DD Tabata 175,367 – – – 175,367 YR Tenza 321,767 – – – 321,767 PL Zim 152,667 – – – 152,667 Executive – 2,272,785 – 1,653,202 3,925,987 LRR Molotsane* – 2,272,785 – 1,653,202 3,925,987 Total emoluments – paid by <strong>Telkom</strong> 2,641,168 2,272,785 – 1,653,202 6,567,155 * Included in fringe and other benefits is a pension contribution for LRR Molotsane of RNil (2008: R4,690; 2007: R295,462), RJ September of R462,254 (2008: R280,261; 2007: RNil) and PG Nelson of R126,765 (2008: RNil; 2007: RNil) at March 31, 2009 paid to the <strong>Telkom</strong> Retirement Fund. ** Foreign directors. *** In the absence of an internal corporate finance division, and pending the structuring and staffing thereof, the <strong>Telkom</strong> Board resolved that it was in the best interest of the Company and the shareholders to deploy the highest quality skills currently resident in <strong>Telkom</strong>, to evaluate, structure and make recommendations to the Board on major transactions. During 2008 M Mostert led all efforts in this regard and was remunerated accordingly. Moreover in compliance with the principles of good governance, the Board took legal advice and established that there was no conflict of interest arising out of his involvement in the transaction evaluated.
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