Notes to the Group annual financial statements | Note 5.3

5. Employees
5.3 Directors' emoluments
 
Blue Label
Services as
Directors of
Blue Label
Telecoms
Limited
R’000		 Other
benefits
R’000		 Subtotal R'000 Services as
Directors of
subsidiaries
of Blue
Label
Telecoms
Limited
R’000		 Salary and
allowances
from
subsidiaries
R’000		 Bonuses and
performancerelated
payments
R’000		 Restraint
of trade
payments
from
subsidiaries
R’000		 Other
benefits
from
subsidiaries
R’000		 Total
R’000		 Fair
value of
forfeitable
shares
R’000
For the year ended 31 May 2022
Executive Directors
BM Levy — — — — 10 317 12 793 1 391 36 24 537 23 830
MS Levy — — — — 10 317 12 793 1 391 36 24 537 23 830
DA Suntup — — — — 5 464 4 645 — — 10 109 12 621
— — — — 26 098 30 231 2 782 72 59 183 60 281
Non-Executive Directors
LM Nestadt 2 191 — 2 191 — — — — — 2 191 —
KM Ellerine 679 250 929 — — — — — 929 —
GD Harlow 1 262 250 1 512 497 — — — — 2 009 —
JS Mthimunye 1 137 250 1 387 60 — — — — 1 447 —
SJ Vilakazi 979 250 1 229 — — — — — 1 229 —
PL Zim 586 250 836 21 — — — — 857 —
NP Mnxasana 697 250 947 — — — — — 947 —
7 531 1 500 9 031 578 — — — — 9 609 —
7 531 1 500 9 031 578 26 098 30 231 2 782 72 68 792 60 281
Prescribed officers
GB Levin — — — — 4 689 3 282 — 192 8 163 7 104
JS Newman — — — — 3 262 2 280 — — 5 542 1 000
— — — — 7 951 5 562 — 192 13 705 8 104
7 531 1 500 9 031 578 34 049 35 793 2 782 264 82 497 68 385
For the year ended 31 May 2021
Executive Directors
BM Levy — — — — 9 509 9 733 3 338 224 22 804 17 839
MS Levy — — — — 9 526 9 733 3 338 207 22 804 17 839
DA Suntup — — — — 4 931 3 608 — 224 8 763 9 448
— — — — 23 966 23 074 6 676 655 54 371 45 126
Non-Executive Directors
LM Nestadt 2 067 — 2 067 — — — — — 2 067 —
KM Ellerine 640 250 890 — — — — — 890 —
GD Harlow 1 191 250 1 441 449 — — — — 1 890 —
JS Mthimunye 1 073 250 1 323 56 — — — — 1 379 —
SJ Vilakazi 792 250 1 042 — — — — — 1 042 —
PL Zim 256 — 256 — — — — — 256 —
NP Mnxasana 462 — 462 — — — — — 462 —
6 481 1 000 7 481 505 — — — — 7 986 —
6 481 1 000 7 481 505 23 966 23 074 6 676 655 62 357 45 126

The fair value of forfeitable shares per Director has been included.

No Director has a notice period of more than one year.

No Director's service contract includes predetermined compensation as a result of termination that would exceed one year's salary and benefits.

Issue date  Issue 
price 
R 		 Vesting date  Awards 
outstanding 
as at the 
beginning 
of the year 		 Number 
of shares 
awarded 
during 
the year 		 Awards 
forfeited 
during 
the year 		 Awards 
vested 
during 
the year 		 Balance 
as at 
the end 
of the year 
Forfeitable share scheme 
For the year ended 31 May 2022 
Executive Directors 
BM Levy   1 September 2018  7.16  16 March 2022  448 843  —  (299 244) (149 599) — 
BM Levy   18 November 2019  2.55  31 August 2022  1 908 425  —  —  —  1 908 425 
BM Levy   1 September 2020  3.20  31 August 2023  1 520 776  —  —  —  1 520 776 
BM Levy   6 April 2022  6.42  31 August 2024  —  803 501  —  —  803 501 
3 878 044  803 501  (299 244) (149 599) 4 232 702 
MS Levy   1 September 2018  7.16  16 March 2022  448 843  —  (299 244) (149 599) — 
MS Levy   18 November 2019  2.55  31 August 2022  1 908 425  —  —  —  1 908 425 
MS Levy   1 September 2020  3.20  31 August 2023  1 520 776  —  —  —  1 520 776 
MS Levy   6 April 2022  6.42  31 August 2024  —  803 501  —  —  803 501 
3 878 044  803 501  (299 244) (149 599) 4 232 702 
DA Suntup   1 September 2018  7.16  16 March 2022  237 725  —  (158 491) (79 234) — 
DA Suntup   18 November 2019  2.55  31 August 2022  1 010 776  —  —  —  1 010 776 
DA Suntup   1 September 2020  3.20  31 August 2023  805 462  —  —  —  805 462 
DA Suntup   6 April 2022  6.42  31 August 2024  —  425 565  —  —  425 565 
2 053 963  425 565  (158 491) (79 234) 2 241 803 
Prescribed officers 
GB Levin  1 September 2018  7.16  16 March 2022  75 419  —  (22 626) (52 793) — 
GB Levin  18 November 2019  2.55  31 August 2022  318 400  —  —  —  318 400 
GB Levin  1 September 2020  3.20  31 August 2023  328 125  —  —  —  328 125 
GB Levin  6 April 2022  6.42  31 August 2024  —  615 300  —  —  615 300 
721 944  615 300  (22 626) (52 793) 1 261 825 
JS Newman  6 April 2022  6.42  31 August 2024  —  177 570  —  —  177 570 
—  177 570  —  —  177 570 
Forfeitable share scheme per Director 
For the year ended 31 May 2021 
BM Levy   1 September 2017  18.49  31 August 2020  163 970  —  (109 319) (54 651) — 
BM Levy   1 September 2018  7.16  31 August 2021  448 843  —  —  —  448 843 
BM Levy   18 November 2019  2.55  31 August 2022  1 908 425  —  —  —  1 908 425 
BM Levy   1 September 2020  3.20  31 August 2023  —  1 520 776  —  —  1 520 776 
2 521 238  1 520 776  (109 319) (54 651) 3 878 044 
MS Levy   1 September 2017  18.49  31 August 2020  163 970  —  (109 319) (54 651) — 
MS Levy   1 September 2018  7.16  31 August 2021  448 843  —  —  —  448 843 
MS Levy   18 November 2019  2.55  31 August 2022  1 908 425  —  —  —  1 908 425 
MS Levy   1 September 2020  3.20  31 August 2023  —  1 520 776  —  —  1 520 776 
2 521 238  1 520 776  (109 319) (54 651) 3 878 044 
DA Suntup   1 September 2017  18.49  31 August 2020  86 845  —  (57 900) (28 945) — 
DA Suntup   1 September 2018  7.16  31 August 2021  237 725  —  —  —  237 725 
DA Suntup   18 November 2019  2.55  31 August 2022  1 010 776  —  —  —  1 010 776 
DA Suntup   1 September 2020  3.20  31 August 2023  —  805 462  —  —  805 462 
1 335 346  805 462  (57 900) (28 945) 2 053 963