Notes to the consolidated annual financial statements | Note 29

29. Related parties
  The Group’s related parties are its parent, joint venture, associate, pension schemes (Note 26) and key management including directors (Note 29.3). Further details regarding the related party relationship with a non-executive director of the Group may be found in Note 17.1.4.8.

  Rm 2017    2016   
29.1 Balances with related parties        
  Accounts receivable        
     Vodafone Group Plc and subsidiaries  78     72    
      Other  42     17    
   Accounts payable             
      Vodafone Group Plc and subsidiaries  (1 031)    (833)   
      Other  (15)    (2)   
   The outstanding balances listed above are unsecured and will be settled in cash in the ordinary course of business. No guarantees or provision for doubtful debts have been recognised.             
   Borrowings             
      Vodafone Investments Luxembourg s.a.r.l (Note 18) 26 856     24 256    
29.2  Transactions with related parties             
   Vodafone Group Plc and subsidiaries1  (11 222)    (10 560)   
      Revenue  142     202    
      Direct expenses  (99)    (173)   
      Secondment fees  (20)    (26)   
      Other operating expenses  (1 222)    (1 109)   
      Finance costs  (2 334)    (1 765)   
      Dividends declared  (7 689)    (7 689)   
   Other  (38)    (23)   
      Revenue  13     11    
      Direct expenses  (1)    (5)   
      Other operating expenses  (50)    (29)   
   Transactions with entities in which related parties have an interest  (24)    (23)  
 
    Note:
  • An amount of R195 million (2016: R189 million) relating to procurement costs was capitalised during the current year.
        

  Rm 2017    2016   
29.3 Key management personnel and directors’ remuneration        
  Key management        
     Short-term employee benefits (21)   (21)  
     Post-employment benefits (1)   (1)  
     Other long-term employee benefits (1)   (1)  
     Share-based payments (2)   (5)  
  Key management’s remuneration incurred by the Group2 (25)   (28)  
  Short-term incentives over provided by the Group (1)   (1)  
  Key management’s remuneration incurred by Vodafone Group Plc3 (3)   (1)  
    (29)   (30)  
  Directors        
  Executive directors (48)   (55)  
     Short-term employee benefits (33)   (38)  
     Post-employment benefits1 (1)   (2)  
     Share-based payments (14)   (15)  
  Non-executive directors (8)   (7)  
     Directors’ fees (8)   (7)  
  Directors’ remuneration incurred by the Group (56)   (62)  
  Short-term incentives (over)/under provided by the Group (3)   3   
  Directors’ remuneration incurred by Vodafone Group Plc3 (9)   (6)  
    (69)   (65)  
 
    Notes:
  • Included in post-employment benefits is an amount of R0.7 million (2016: R0.6 million) relating to contributions to provident funds made annually from bonus allocations.
  • Includes key management personnel paid by subsidiaries.
  • Includes long-term employee benefits for MS Aziz Joosub: R6 million (2016: R4 million); T Streichert: R3 million (2016: R2 million) and V Mathur: R2 million (2016: R1 million).
  Included in the aggregate remuneration above are the following individual remuneration payable by the Group (further details can be found in the remuneration report):

  R Directors’
fees 		 Salary Retirement
contributions		 Other1 Expense
allowances2		 Short-term
incentives
(STI)		 Remuneration
report		 Expensed 
over term 		 Long-term
incentives
and other		 Total  
  2017                      
  Executive directors                      
  MS Aziz Joosub – 9 200 500 799 500 # 493 867 4 800 10 860 000  21 358 667 – 14 290 569 35 649 236  
  T Streichert6 – 5 506 821 186 044 3 262 685 4 800 3 672 756  12 633 106 – – 12 633 106  
  Non-executive directors                      
  MP Moyo 2 233 334 – – – – – 2 233 334 – – 2 233 334  
  DH Brown 929 668 – – – – – 929 668 – – 929 668  
  V Badrinath*5 161 250 – – – – – 161 250 – – 161 250  
  M Joseph* 405 000 – – – – – 405 000 – – 405 000  
  BP Mabelane 625 000 – – – – – 625 000 – – 625 000  
  TM Mokgosi-Mwantembe 811 667 – – – – – 811 667 – – 811 667  
  PJ Moleketi 833 334 – – – – – 833 334 – – 833 334  
  JWL Otty* 405 000 – – – – – 405 000 – – 405 000  
  M Pieters* 380 000 – – – – – 380 000 – – 380 000  
  RAW Schellekens* 751 668 – – – – – 751 668 – – 751 668  
  S Timuray*4 497 084 – – – – – 497 084 – – 497 084  
    8 033 005 14 707 321 985 544 3 756 552 9 600 14 532 756 42 024 778 – 14 290 569 56 315 347  
  2017                      
  Key management personnel                      
  (Prescribed officers)                      
  V Jarana – 4 126 785 373 215 – 4 800 3 592 485 8 097 285 – 2 616 817 10 714 102  
  NC Mabunda5 – 1 998 268 218 399 2 190 000 2 400 1 538 810 5 947 877 (1 416 667) – 4 531 210  
  V Mathur6 – 4 359 778 254 066 3 655 247 – 1 875 795 10 144 886 – – 10 144 886  
    – 10 484 831 845 680 5 845 247 7 200 7 007 090 24 190 048 (1 416 667) 2 616 817 25 390 198  
  2016                      
  Executive directors                      
  MS Aziz Joosub – 7 196 781 628 219 # – 3 600 13 968 000 21 796 600 (1 488 000)  13 727 582 34 036 182  
  IP Dittrich4 – 1 521 891 73 317 6 115 625 1 600 – 7 712 433 –  1 138 982 8 851 415  
  T Streichert5,6 – 3 640 835 596 666  2 332 316 5 424 4 098 908 10 674 149 (1 707 542)  – 8 966 607  
  Non-executive                      
  MP Moyo 2 066 667 – – – – – 2 066 667 –  – 2 066 667  
  DH Brown 840 002 – – – – – 840 002 –  – 840 002  
  HMG Dowidar*,4 173 334 – – – – – 173 334 –  – 173 334  
  M Joseph* 378 334 – – – – – 378 334 –  – 378 334  
  BP Mabelane 510 001 – – – – – 510 001 –  – 510 001  
  TM Mokgosi-Mwantembe 698 335 – – – – – 698 335 –  – 698 335  
  PJ Moleketi 730 001 – – – – – 730 001 –  – 730 001  
  JWL Otty* 378 334 – – – – – 378 334 –  – 378 334  
  M Pieters*,5 180 000 – – – – – 180 000 –  – 180 000  
  RAW Schellekens* 713 336 – – – – – 713 336 –  – 713 336  
  S Timuray* 625 002 – – – – – 625 002 –  – 625 002  
    7 293 346 12 359 507 1 298 202 8 447 941 10 624 18 066 908 47 476 528 (3 195 542) 14 866 564 59 147 550  
  2016                      
  Key management personnel                      
  (Prescribed officers)                      
  V Jarana – 3 587 854 324 646 – 6 180 5 031 480 8 950 160 (839 480)  3 496 805 11 607 485  
  R Kumalo4 – 557 842 50 491 3 650 000 800 – 4 259 133 –  724 619 4 983 752  
  V Mathur5,6 – 1 868 011 102 487 1 596 528 – 1 143 844 4 710 870 (1 143 844)  – 3 567 026  
  G Motsa7 – 2 637 928 399 572 – 4 290 – 3 041 790 3 379 800  2 344 565 8 766 155  
    – 8 651 635 877 196  5 246 528  11 270  6 175 324 20 961 953 1 396 476  6 565 989 28 924 418  

 
    Notes:
    * Fees due to these directors were paid to Vodafone Group Plc, the company by which the director is employed. No other payments were made to third parties in lieu of directors’ fees.
    # MS Aziz Joosub contributed an additional R624 000 to retirement funds from his short-term incentives.
  • Includes relocation allowance, assignment allowance, acting allowance, employee gifts and exit benefits.
  • Includes mobile phone benefit and subsistence allowance.
  • STI payable in June 2016, for the year ended 31 March 2016.
  • Resignations: R Kumalo: 31 May 2015; IP Dittrich: 31 July 2015; HMG Dowidar: 30 September 2015.
  • Appointments: T Streichert: 1 August 2015; M Pieters: 1 October 2015; V Mathur: 16 November 2015.
  • Remuneration paid/payable to Vodafone Group Plc.
  • Does not meet the definition of key management personnel from 1 January 2016.