Telkom’s executive directors and group-prescribed officers earned big paydays for the 2024 financial year.
Telkom’s executive directors and group-prescribed officers earned roughly R45.75 million for the 2024 financial year, which equates to R125,342 a day.
Telkom is also looking to return cash to shareholders after sufficiently funding capex and strengthening its balance sheet. The first year-end dividend payment is targeted for FY2025. “The dividend will be declared and paid on an annual basis, with a resulting dividend yield comparable with local telecommunications companies.”
Variable remuneration consists of STIs and LTIs. It is defined as pay-at-risk as it fully depends on and closely aligns with the achievement of strategic Group and business unit scorecards. Celliers’ remuneration comprised a guaranteed pay of R9.45 million and short-term annual incentives of R2.97 million.
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