Telkom SA SOC Management

Management criteria checks 2/4

Telkom SA SOC's CEO is Serame Taukobong, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is ZAR11.07M, comprised of 85.4% salary and 14.6% bonuses, including company stock and options. directly owns 0.01% of the company’s shares, worth €59.40K. The average tenure of the management team and the board of directors is 3.3 years and 2.8 years respectively.

Key information

Serame Taukobong

Chief executive officer

R11.1m

Total compensation

CEO salary percentage	85.4%
CEO tenure	2.3yrs
CEO ownership	0.01%
Management average tenure	3.3yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Serame Taukobong's remuneration changed compared to Telkom SA SOC's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-R10b
Jun 30 2023	n/a	n/a	-R10b
Mar 31 2023	R11m	R9m	-R10b
Dec 31 2022	n/a	n/a	-R4b
Sep 30 2022	n/a	n/a	R2b
Jun 30 2022	n/a	n/a	R2b
Mar 31 2022	R8m	R4m	R3b
Dec 31 2021	n/a	n/a	R3b
Sep 30 2021	n/a	n/a	R3b
Jun 30 2021	n/a	n/a	R3b
Mar 31 2021	R14m	R6m	R2b
Dec 31 2020	n/a	n/a	R2b
Sep 30 2020	n/a	n/a	R777m
Jun 30 2020	n/a	n/a	R656m
Mar 31 2020	R7m	R6m	R535m
Dec 31 2019	n/a	n/a	R1b
Sep 30 2019	n/a	n/a	R2b
Jun 30 2019	n/a	n/a	R3b
Mar 31 2019	R10m	R5m	R3b

Compensation vs Market: Serame's total compensation ($USD597.67K) is below average for companies of similar size in the German market ($USD1.30M).

Compensation vs Earnings: Serame's compensation has increased whilst the company is unprofitable.

CEO

Serame Taukobong (53 yo)

2.3yrs

Tenure

R11,067,235

Compensation

Mr. Serame Taukobong serves as Group Chief Executive Officer and Executive Director at Telkom SA SOC Limited since January 01, 2022. He served as Chief Executive Officer of Telkom Consumer since June 01, 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Serame Taukobong	Group CEO & Executive Director	2.3yrs	R11.07m	0.0098% ZAR 59.4k
Althon Beukes	Group Chief Information Officer & CEO of Openserve	5.4yrs	R6.23m	no data
Melody Lekota	Chief Human Resources Officer	7.2yrs	R4.81m	no data
Lunga Siyo	CEO of Telkom Consumer & Small Business and Trudon (Pty) Ltd	4.3yrs	R5.95m	no data
Dirk Reyneke	Chief Capital Projects Officer	less than a year	R6.71m	0.0019% ZAR 11.6k
P. Bogoshi	CEO of Business Connexion Group Ltd (BCX)	5.9yrs	R6.35m	no data
Lesiba Maloba	CEO of Gyro Group (Pty) Ltd and Swiftnet SOC Ltd	6.5yrs	R4.89m	no data
Nonkululeko Dlamini	Group CFO & Executive Director	less than a year	no data	no data
Nondyebo Mqulwana	Group Executive of Investor Relations	no data	no data	no data
Anton Klopper	Group Executive of Legal Services	no data	no data	no data
Sello Mmakau	Chief Digital Officer	less than a year	no data	no data
Ephenia Motlhamme	Group Company Secretary	less than a year	no data	no data

3.3yrs

Average Tenure

52yo

Average Age

Experienced Management: TZL1's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Serame Taukobong	Group CEO & Executive Director	2.3yrs	R11.07m	0.0098% ZAR 59.4k
Nonkululeko Dlamini	Group CFO & Executive Director	less than a year	no data	no data
Brian Kennedy	Independent Non-Executive Director	1.8yrs	R691.55k	0.000040% ZAR 242.7
Louis Von Zeuner	Independent Non-Executive Director	11.4yrs	R1.09m	no data
Sibusiso Sibisi	Independent Non-Executive Director	5.1yrs	R832.50k	no data
Penuell Cornwell Luthuli	Independent Non-Executive Director	6yrs	R893.33k	no data
Keith Rayner	Independent Non-Executive Director	4.8yrs	R1.18m	no data
Ethel Matenge-Sebesho	Independent Non-Executive Director	2.8yrs	R1.04m	no data
Mvuleni Qhena	Independent Non-Executive Chairperson	1.2yrs	R9.04k	no data
Olufunke Ighodaro	Independent Non-Executive Director	2.8yrs	R770.00k	no data
Hemmanth Singh	Independent Non-Executive Director	3.7yrs	R835.00k	no data
Sung Yoon	Independent Non-executive Director	2yrs	R873.23k	no data

2.8yrs

Average Tenure

61yo

Average Age

Experienced Board: TZL1's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Telkom SA SOC Management

Management criteria checks 2/4

Key information

Recent management updates

Telkom SA SOC Ltd, Annual General Meeting, May 24, 2024

Telkom SA SOC Ltd Announces Constitution of A New Committee and Changes to Board Committees, Effective April 1, 2024

Telkom SA SOC Ltd Appoints Ephy Motlhamme as the Group Company Secretary with Effect from 1 December 2023

Telkom SA SOC Ltd Announces Chief Financial Officer Changes

Telkom SA SOC Ltd Announces Resignation Naidene Ford-Hoon as an Independent Non-Executive Director

Telkom SA SOC Ltd Announces Executive Changes

Recent updates

Telkom SA SOC Ltd, Annual General Meeting, May 24, 2024

Telkom SA SOC Ltd Announces Constitution of A New Committee and Changes to Board Committees, Effective April 1, 2024

Actis LLP and Royal Bafokeng Holdings (Pty) Ltd entered into an agreement to acquire Swiftnet Pty Limited from Telkom SA SOC Ltd (JSE:TKG) for an enterprise value of ZAR 6.75 billion.

First half 2024 earnings released: EPS: R1.62 (vs R1.00 in 1H 2023)

Telkom in Exclusive Talks on Sale of Towers Business

Telkom SA SOC Ltd Provides Earnings Guidance for the Six Months Ended 30 September 2023

Telkom SA SOC Ltd Appoints Ephy Motlhamme as the Group Company Secretary with Effect from 1 December 2023

Telkom SA SOC Ltd Announces Chief Financial Officer Changes

Telkom SA SOC Ltd Announces Resignation Naidene Ford-Hoon as an Independent Non-Executive Director

Telkom SA SOC Ltd Announces Executive Changes

Telkom SA SOC Ltd Approves the Election of Members to the Social and Ethics Committee

New major risk - Share price stability

New major risk - Financial position

Full year 2023 earnings released: R20.59 loss per share (vs R5.37 profit in FY 2022)

Investor sentiment improves as stock rises 22%

Telkom SA SOC Ltd Announces Ayanda Ceba Resigned as Group Company Secretary of Telkom with Effect from 31 August 2023

Investor sentiment deteriorates as stock falls 19%

Telkom SA SOC Limited to Report First Half, 2024 Results on Nov 21, 2023

Now 21% undervalued after recent price drop

First half 2023 earnings released: EPS: R1.32 (vs R2.77 in 1H 2022)

Investor sentiment deteriorated over the past week

Telkom SA SOC Limited(JSE:TKG) dropped from FTSE All-World Index (USD)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Telkom Appoints Mteto Nyati as Non -Executive Director

Investor sentiment deteriorated over the past week

Telkom SA SOC Limited Appoints Sung Hyuck Yoon as Non-Executive Director to the Board of Directors with Effect from 01 May 2022

Investor sentiment improved over the past week

Non-Executive Director Alphonzo Samuels has left the company

Full year 2021 earnings released: EPS R4.90 (vs R1.21 in FY 2020)

New 90-day high: €2.42

Telkom SA SOC Limited Appoints Dirk Reyneke as Group Chief Financial Officer

Investor sentiment improved over the past week

New 90-day high: €2.18

Telkom SA SOC Limited Announces Change of Group Chief Financial Officer

Group CEO & Executive Director recently sold €341k worth of stock

Revenue misses expectations

First half 2021 earnings released: EPS R2.18

Market bids up stock over the past week

New 90-day high: €1.61

Telkom SA SOC Limited Announces Reconstitution of Board Committees, Effective September 28, 2020

Telkom SA SOC Limited (JSE:TKG) completed the acquisition of the remaining 35.1% stake in Trudon (Pty) Ltd.

Telkom SA SOC Limited Suspends the Guidance for the Financial Year 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age