(formely M-Cell Limited) - Business Report 2003 - MTN Group

DIRECTORS’ EMOLUMENTS AND RELATED PAYMENTS (continued)
Payments for the year to 31 March 2002
Fees Retire- Bonuses
Date Date Director’s and ment and
appointed resigned fees salaries benefits Benefits other Total
R’000 R’000 R’000 R’000 R’000 R’000
Executive Directors
I Charnley 1 Aug 01 403 60 74 1 102 1 639
R S Dabengwa 1 Oct 01 745 100 61 1 030 1 936
R D Nisbet 1 Oct 01 596 80 118 943 1 737
P L Zim 1 Oct 01 643 88 134 1 175 2 040
P Edwards 1 Aug 01 1 760 245 5 167 7 172
Non-executive Directors
P F Nhleko 28 June 01 34 23 57
D D B Band 1 Oct 01 15 93 108
Z N A Cindi 23 April 99 30 30
P Heinamann 1 Oct 01 15 52 67
M C Ramaphosa 1 Oct 01 15 30 45
J R D Modise
(alternate to
M C Ramaphosa)* 1 Oct 01 45 45
C R Jardine** 15 Nov 00 30 40 70
L C Webb
(alternate to C R Jardine)** 15 Nov 00 36 36
Past Non-executive
Directors
G T Serobe 15 Nov 00 20 Sep 01 15 15
A S Mabogoane 13 Jun 96 13 Jun 01 6 6
Included in the
management fee paid in
2002 (R16,4 million) to the
Johnnic Group are the
following amounts in
respect of the Directors
of MTN Group
I Charnley 12 Nov 98 1 Aug 01***
(1 Apr 01 – 30 Nov 01)* 3 689 3 689
P Edwards 13 Aug 99 1 Aug 01***
(1 Apr 01 – 31 Oct 01)* 4 517 4 517
P M Jenkins* 15 Nov 00 1 Oct 01 183 183
J R D Modise* 23 April 99 1 Oct 01 672 672
160 4 466 328 632 18 478 24 064
* Paid to Johnnic Communications Management Services (Proprietary) Limited.
** Paid to Transnet Limited.
*** Date of appointment as Executive Director.
SERVICE CONTRACTS
The Group has entered into a three-year contract effective 1 July 2002 with its current Chief Executive Officer,
Mr P F Nhleko. Shareholders will be asked at the upcoming annual general meeting to approve the extension of
Mr Nhleko’s contract for an additional two year period to July 2007. The rationale underlying the recommendation for
an extended term is based on the need at Board level for an extended leadership in respect of the Group’s operational
strategies in a highly diversified, dynamic and specialised industry.
MTN BUSINESS REPORT 2003
PAGE 67