South Africa's Communication Workers Union (CWU) has called upon Telkom’s board of directors not to give the company’s executives financial rewards, following the telco’s poor performance.

The telecommunications provider reported a drop in revenue for the year ended March 31, a development that angered the Communications Workers Union.

Matankana Mothapo, Communication Workers Union National Spokesperson, said the workers union would strongly reject any attempt to give the Telkom management financial rewards following "unimpressive" financial year results.

"The official Telkom Report indicates that the poor results were due to poor management decisions.

"CWU therefore demands that the incompetent Telkom management must not receive any form of financial reward, be it 'gain sharing' or 'incentive' or in any disguised name it may be called.

“It does not make sense to reward managers, who made wrong decisions, this has never happened anywhere in the world," said Mothapo.

He urged the Telkom board of directors to do what he described "the honourable thing" by engaging the union (CWU) to discuss the matter of financial rewards, saying the issue was urgent.

He also argued that poor Telkom results affected workers' moral.

"We therefore call upon the Telkom Board of Directors to ensure that workers do not get penalised for management’s poor decisions," Mothapo said.

Telkom Group chief executive officer, Nombulelo Moholi, admitted that her telecommunications operator's financial results for the year under review were not good.

"We have taken several significant steps towards securing a successful future for Telkom.

“We began casting the foundation that will allow the Group to compete well and build value,” said Moholi.