Biggest salaries in SA tech

 ·19 Jun 2014
salary executive pay money

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)

Name Role 2013 Salary
2014 Salary
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.

Sifiso Dabengwa

Sifiso Dabengwa

Highest paid tech CEOs in SA (R’000)

Executive Company 2013/14 salary
Sifiso Dabengwa MTN Group R48,077
Robbie Venter Altron R17,733*
Craig Venter Altron TMT R14,135*
Mark Levy Blue Label R14,107
Brett Levy Blue Label R14,107
Shameel Joosub Vodacom R12,980*
Attila Vitai Telkom Mobile R8,471
Zunaid Bulbulia MTN SA R7,665
Pinky Moholi Telkom R11,636
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.

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