Browsing: Thami Msubo

The total remuneration bill for Telkom’s executive and nonexecutive directors as well as its prescribed officers has declined between the 2013 and 2014, the telecommunications group’s latest annual report, published

Telkom’s bosses received huge pay hikes in 2013, despite deepening financial woes at the telecommunications group. Former group CEO Nombulelo Moholi, who left Telkom in March, took home slightly less money than she did in the prior year – a total of R11,6m, from R12,1m before – but this

Telkom has rubbished claims made by the Communication Workers Union that it plans to get rid of 13 000 of its employees, or more than half its workforce. Business Day newspaper reported on its website that the union had accused Telkom of moving to retrench the staff under the guise of voluntary severance and

Telkom is again planning to offer its employees the opportunity to take voluntary severance and early retirement packages as it looks to reduce its staff complement to save costs. Employees interested in the offer must apply in a window period opening on 15 March and ending on 31 August

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