{"id":179665,"date":"2017-07-25T18:28:33","date_gmt":"2017-07-25T16:28:33","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=179665"},"modified":"2017-07-25T17:28:45","modified_gmt":"2017-07-25T15:28:45","slug":"highest-paid-bosses-mtn-vs-telkom-vs-vodacom","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/179665\/highest-paid-bosses-mtn-vs-telkom-vs-vodacom\/","title":{"rendered":"Highest paid bosses: MTN vs Telkom vs Vodacom"},"content":{"rendered":"

Updated financial statements from South Africa’s top mobile operators in MTN, Telkom and Vodacom, show how much each top executive was paid over the past year.<\/p>\n

Telkom’s annual report, published on Tuesday (25 July), showed that its chief executive officer, Sipho Maseko, amassed a sum of R25.9 million<\/strong> – up from his R14.5 million take in 2016.<\/p>\n

Maseko’s salary was actually only up slightly from 2016 (R16.25 million), but was boosted by the R9.64 million paid out in shares over the period.<\/p>\n

Along with the company\u2019s reported growth, Vodacom CEO, Shameel Joosub, also enjoyed a salary hike, taking home a basic salary of R9.2 million, with a short-term incentive bonus of R10.8 million.<\/p>\n

Joosub also received a payout on his long-term incentive bonus (LTI) of R14.3 million, taking his total remuneration for the year to R35.65 million<\/strong>.<\/p>\n

MTN Group\u2019s executive chairman Phuthuma Nhleko was paid a R72.2 million salary for the 2016 financial year, despite the group posting a first-ever annual loss in its 22-year history.<\/p>\n

Nkhleko drew a salary as chairman, as well as for when he took over as executive chairman\u00a0to guide MTN through its Nigeria crisis.<\/p>\n

His non-executive director salary came to R3.98 million; he then drew a salary of R30 million for his role as executive director.<\/p>\n

He was further granted a R38.19 million bonus for the year, taking his total earnings as executive chairman to R68.19 million, and his total earnings to R72.17 million<\/strong> for the year.<\/p>\n

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Read: Here\u2019s how much more money South African CEOs make than you do<\/a><\/strong><\/p>\n

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Highest paid executives<\/strong><\/p>\n

Despite posting its first-ever loss, MTN executives were very well-rewarded in the last financial year, with eight executives paid over R10 million, and accounting for almost half the top paid execs listed below.<\/p>\n

This includes former MTN CEO Sifiso Dabengwa, who was given a R19.6 million golden handshake in the wake of the Nigeria crisis, as well as former CFO, Brett Goschen who also left the company in 2016.<\/p>\n

In total, the 20 top paid executives in South Africa’s mobile space earned a collective R347.5 million – an average of R17.4 million per executive.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Executive<\/th>\nCompany<\/th>\nRole<\/th>\nTotal pay<\/th>\n<\/tr>\n
Phuthuma Nhleko<\/td>\nMTN<\/td>\nExecutive Chairman<\/td>\nR72.17 million<\/td>\n<\/tr>\n
Shameel Joosub<\/td>\nVodacom<\/td>\nCEO<\/td>\nR35.65 million<\/td>\n<\/tr>\n
Sipho Maseko<\/td>\nTelkom<\/td>\nCEO<\/td>\nR25.90\u00a0million<\/td>\n<\/tr>\n
Sifiso Dabengwa<\/td>\nMTN<\/td>\nFormer CEO<\/td>\nR19.56\u00a0million<\/td>\n<\/tr>\n
Ismail Jaroudi<\/td>\nMTN<\/td>\nVP MENA<\/td>\nR18.85\u00a0million<\/td>\n<\/tr>\n
Michael Fleischer<\/td>\nMTN<\/td>\nChief Legal<\/td>\nR17.25\u00a0million<\/td>\n<\/tr>\n
Stephan van Coller<\/td>\nMTN<\/td>\nVP Digital and Business<\/td>\nR15.13 million<\/td>\n<\/tr>\n
Jyoti Desai<\/td>\nMTN<\/td>\nCOO<\/td>\nR14.09 million<\/td>\n<\/tr>\n
Deon Fredericks<\/td>\nTelkom<\/td>\nCFO<\/td>\nR13.48\u00a0million<\/td>\n<\/tr>\n
Till Steichert<\/td>\nVodacom<\/td>\nCFO<\/td>\nR12.63\u00a0million<\/td>\n<\/tr>\n
Isaac Mophatlane<\/td>\nTelkom<\/td>\nFormer BCX CEO<\/td>\nR11.67 million<\/td>\n<\/tr>\n
Attila Vitai<\/td>\nTelkom<\/td>\nHead of Consumer<\/td>\nR11.62 million<\/td>\n<\/tr>\n
Vuyani Jarana<\/td>\nVodacom<\/td>\nED: Regional Operations<\/td>\nR10.71\u00a0million<\/td>\n<\/tr>\n
Brian Armstrong<\/td>\nTelkom<\/td>\nCOO<\/td>\nR10.30 million<\/td>\n<\/tr>\n
Brett Goschen<\/td>\nMTN<\/td>\nCFO<\/td>\nR10.15 million<\/td>\n<\/tr>\n
Vivek Mathur<\/td>\nVodacom<\/td>\nCOO<\/td>\nR10.14\u00a0million<\/td>\n<\/tr>\n
Ferdi Moolman<\/td>\nMTN<\/td>\nCEO MTN Nigeria<\/td>\nR10.13\u00a0million<\/td>\n<\/tr>\n
Len de Villiers<\/td>\nTelkom<\/td>\nCIO<\/td>\nR9.622 million<\/td>\n<\/tr>\n
Ian Russel<\/td>\nTelkom<\/td>\nBCX CEO<\/td>\nR9.50\u00a0million<\/td>\n<\/tr>\n
Alphons Samuels<\/td>\nTelkom<\/td>\nCTO<\/td>\nR8.95 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Cell C is not a JSE-listed company and does not disclose remuneration to top executives, however this may change when its acquisition deal with the listed Blue Label Telecoms is concluded.<\/p>\n

Blue Label Telecoms will release its annual results for 2017 in August, followed with the release of its integrated report in October.<\/p>\n

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Read:\u00a0SA mobile subscribers in 2017: Vodacom vs MTN vs Cell C vs Telkom<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Updated financial statements from South Africa’s top mobile operators in MTN, Telkom and Vodacom, show how much each top executive was paid over the past year.<\/p>\n","protected":false},"author":10,"featured_media":187867,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[26,28,65,27],"class_list":["post-179665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-headline","tag-mtn","tag-telkom","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/179665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=179665"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/179665\/revisions"}],"predecessor-version":[{"id":187999,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/179665\/revisions\/187999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/187867"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=179665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=179665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=179665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}