How much Telkom top brass earns
Operator's executive committee took home R56,3m in 2012, with CEO Nombulelo Moholi earning R12,1m. By Duncan McLeod.
Brian Armstrong is the second highest paid member of Telkom’s executive committee after CEO Nombulelo Moholi. Armstrong, who heads Telkom Business, took home R10,5m in the 2012 financial year, of which R2,8m was in the form of a guaranteed package and R6,7m was in fringe and other benefits.
Armstrong’s pay was eclipsed only by Moholi’s. She took home R12,1m in 2012, of which R6,4m was in the form of a guaranteed package, R2,3m in short-term incentives and R3,4m in fringe and other benefits. Moholi’s benefits include a restraint payment of R3,4m.
Jacques Schindehütte, Telkom’s chief financial officer, earned R8,3m, of which R4,5m was in the form of a sign-on bonus.
In total, the operator’s executive committee was paid R56,3m, of which R30,7m was made up of fringe and other benefits.
The remuneration details, which are included in Telkom’s 2012 group integrated annual report released on Friday, show that Bashier Sallie, Telkom’s MD for wholesale services and networks, was the executive committee’s third highest paid member, taking home R9,8m for the period worked between 1 June 2011 and 31 March 2012. Sallie received a retention payment of R6,3m, the equivalent of two times his guaranteed package.
Other Telkom executives who raked it in in 2012 included corporate governance chief Ouma Rasethaba (R5,4m), consumer and retail services MD Manelisa Mavuso (R8,3m), deputy chief financial officer Deon Fredericks (R7,9m), former Telkom Cybernest MD Pierre Marais (R6,1m), human resources head Thami Msubo (R4,6m) and former international MD Motlatsi Nzeku (R3,8m).
Telkom’s nonexecutive directors together earned R8,2m in fees in 2012. The highest paid of these was outgoing chairman Lazarus Zim, who earned R1,5m — R1,1m in directors’ fees and R410 000 in committee and special meeting fees. — (c) 2012 NewsCentral Media