Vodacom has released its annual report for the financial year of 2013/14, revealing how much its top executives took home for the year.
Vodacom Group CEO, Shameel Joosub – who took over from former CEO Pieter Uys in the previous financial year in September 2012 – took home a complete package of R12.98 million, off of a basic salary of R6.9 million.
In the 2012/13 financial year, Joosub took home R9.2 million, representing the 9 months he served as CEO for the group.
The following table shows the salaries for Vodacom’s chief executive, chief financial officer, chief technology officer and chief officer of enterprise at the group:
Vodacom executive salaries 2014 (R’000)
|Shameel Joosub||Group CEO||R9,277||R12,980|
|Ivan Dittrich||Group CFO||R6,401||R7,542|
|Andries Delport||Group CTO||R5,044||R6,312|
|Vuyani Jarana||CEO: Enterprise||R4,267||R5,219|
The table below shows how the Vodacom chief’s salary stacks up against other CEOs in the South African tech and telecoms sector.
Highest paid tech CEOs in SA (R’000)
|Sifiso Dabengwa||MTN Group||R48,077|
|Craig Venter||Altron TMT||R14,135*|
|Mark Levy||Blue Label||R14,107|
|Brett Levy||Blue Label||R14,107|
|Attila Vitai||Telkom Mobile||R8,471|
|Zunaid Bulbulia||MTN SA||R7,665|
|Sipho Maseko||Telkom||Appointed 1 April 2013|
* 2014 full year
A number of big tech and telecoms companies are still a while off from releasing annual reports for 2014.
The current top tech and telecoms earner – MTN Group CEO Safiso Dabengwa – took home a whopping R48 million for the company’s full year ended December 2013.
Dabengwa’s massive pay jump was credited to share gains of R19.2 million, along with a higher bonus and relatively small increase in base salary.
Dabengwa’s base salary was R8.9 million – up from R8.4 million in 2012.
MTN South Africa lead Zunaid Bulbulia, who took up the position in June 2013, was paid a total R7.6 million off a base salary of R2.05 million for the year.
Telkom has just reported its full year financial results, with the company’s annual report expected to follow soon.
For the full year 2013, no remuneration was reported for current CEO Sipho Maseko, who took up the position from Pinky Moholi in April 2013. In its latest annual reporting, Telkom noted that Moholi took home a total package of R11.6 million in 2013.