{"id":22899,"date":"2012-09-25T12:03:14","date_gmt":"2012-09-25T10:03:14","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=22899"},"modified":"2012-09-26T08:46:04","modified_gmt":"2012-09-26T06:46:04","slug":"telkom-executives-pay-revealed","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/22899\/telkom-executives-pay-revealed\/","title":{"rendered":"Telkom executives\u2019 pay revealed"},"content":{"rendered":"

Embattled telecoms operator, Telkom<\/a> has revealed that its executive committee received a combined salary of R56.3 million in 2012.<\/p>\n

This figure is down from R67.87 million paid to executives in 2011, including R10.22 million paid to former acting CEO, Jeffrey Hedberg<\/a>, for his brief stint with the company.<\/p>\n

Telkom CEO Nombulelo Moholi<\/a>, and CFO, Jacques Schindeh\u00fctte<\/a> took home R12.1 million and R8.38 million respectively, including \u201cshort-term incentive\u201d bonuses of R2.25 million, and R876,600.<\/p>\n

On Friday (21 September), Telkom advised that its headline earnings per share from continuing operations for the six months ending September 2012 was expected to be at least 65% lower than the prior comparative period.<\/p>\n

HEPS from continuing operations for the six months ended September 2011 stood at 191.7 cents, 35.5% lower than in 2010.<\/p>\n

Telkom advised shareholders that basic earnings per share from continuing operations for the six months ending 30 September 2012 is expected to be at least 45% lower than in 2011.<\/p>\n

A big winner in the remuneration stakes, Telkom\u2019s business managing director, Brian Armstrong<\/a> received R10.47 million, while Bashier Sallie<\/a>, Telkom’s MD of wholesale and networks, received R9.82 million.<\/p>\n

Manelisa Mavuso<\/a>, Telkom MD for consumer services and retail pocketed R8.28 million, and deputy CFO Deon Fredericks<\/a> received R7.88 million.<\/p>\n

A total of R8.18 million was dished out to non-executive directors, with outgoing chairman Lazarus Zim<\/a> earning R1.52 million.<\/p>\n

Telkom’s future is currently in the hands of Cabinet after the Department of Communications (DoC<\/a>) presented three strategic options available for the group last week.<\/p>\n

In lunchtime trade on the JSE<\/a> on Tuesday, shares in Telkom advanced 1.64% to\u00a018.60, having shipped in excess of 10% on Thursday and Friday.<\/p>\n

Related article<\/strong><\/p>\n

Telkom CEO rubbishes resignation rumours<\/strong><\/a><\/p>\n

Telkom future in cabinet hands<\/strong><\/a><\/p>\n

Telkom options not tabled before Cabinet<\/strong><\/a><\/p>\n

Telkom shares off 5.3%, awaits fate<\/strong><\/a><\/p>\n

Telkom delivers earnings warning<\/strong><\/a><\/p>\n

Telkom rallies 5% on nationalisation rumour<\/strong><\/a><\/p>\n

Telkom to be sold at R24 a share, nationalised: analyst<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Embattled telecoms operator Telkom has revealed that its executive committee received a combined salary of R56.3 million in 2012.<\/p>\n","protected":false},"author":9,"featured_media":16269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2997,26,1079,903,2198,65],"class_list":["post-22899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-brian-armstrong","tag-headline","tag-jacques-schindehutte","tag-jeffrey-hedberg","tag-nombulelo-moholi","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/22899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=22899"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/22899\/revisions"}],"predecessor-version":[{"id":22903,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/22899\/revisions\/22903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/16269"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=22899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=22899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=22899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}