The latest financial reports reveal which telecommunications executives earned the highest salaries over the last financial year.
Topping the list as the highest paid CEO in telecoms and tech, MTN‘s Sifiso Dabengwa ended the 2012/2013 financial year R23.5 million rand richer. This includes a base salary of R8.4 million, benefits of R1.678 million and a bonus of R13.45 million.
Blue Label Telecom‘s Levy brothers were each paid a salary of R13.309 million for the year, while former Telkom CEO, Pinky Moholi, who was succeeded by Sipho Maseko in April 2013, ended her tenure at the telco with a paycheque of R11,63 million.
Her pay comprised a salary of R6.4 million, plus a short-term incentive of R2.6 million and other benefits of R2.5 million.
Former head of the now-delisted Altech, Craig Venter, following a poor financial performance, decided to forego his bonus and walked away with R7.73 million in remuneration for the year, down from the R9.42 million earned the previous year.
Vodacom Group’s CEO, Shameel Joosub took home R6.7 million in the last financial year – the lowest amount across the big tech companies in SA. However, Joosub only took up the position as Vodacom head from 1 September 2012, hence his remuneration reflects a seven month period.
|CEO||Company||2012 Remuneration (Rmillion)
||2013 Remuneration (Rmillion)|
|Sifiso Dabengwa||MTN Group||22.528||23.539|
|Mark Levy||Blue Label Telecom||6.049||13.309|
|Brett Levy||Blue Label Telecom||6.049||13.309|
|Attila Vitai||Telkom Mobile||–||8.471|
|Shameel Joosub||Vodacom Group||–||6.700|
In terms of a special remuneration scheme at Naspers, Bekker has not received any direct compensation from the company for five years – a deal which started in April 2008.
In lieu of remuneration Bekker was awarded 11.7 million Nasper N shares, which were paid over five years in instalments of 3.9 million shares after year two.
As of March 2013, Bekker has added 3.9 million more shares to his 12.5 million shares owned before, bringing his total shareholding to 16.4 million shares.
At a spot price of R848.81 on 30 August 2013, this places Bekker’s total shareholder value at R13.92 billion.