{"id":188241,"date":"2017-07-27T18:30:51","date_gmt":"2017-07-27T16:30:51","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=188241"},"modified":"2017-07-27T17:01:06","modified_gmt":"2017-07-27T15:01:06","slug":"how-much-the-average-employee-at-telkom-mtn-and-vodacom-gets-paid","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/188241\/how-much-the-average-employee-at-telkom-mtn-and-vodacom-gets-paid\/","title":{"rendered":"How much the average employee at Telkom, MTN and Vodacom gets paid"},"content":{"rendered":"

South Africa’s three major listed telecommunication companies have released their annual reports, providing insight into the remuneration of its management and employees.<\/p>\n

Previously, BusinessTech covered how the management teams of these companies were rewarded<\/a><\/strong>, led by MTN’s executive chairman,\u00a0Phuthuma Nhleko who received a sum of R72.2 million for the 2016 financial year, despite the group posting the first-ever annual loss in its 22-year history.<\/p>\n

Nhleko’s big payday makes up 0.8% of the total employee spend at MTN, which amounted to R9.2 billion for its 2016 financial year. For the group’s 19,989 employees (including contractors), this works out to R460,250 per person.<\/p>\n

At Vodacom, CEO Shameel Joosub’s R35.65 million salary for the 2017 financial year accounts for 0.7% of the total salary payout of R5.4 billion. Averaged among the group’s 7,589 employees, however, the average is far higher than MTN’s at R715,250 per person.<\/p>\n

Telkom CEO, Sipho Maseko received a pay of R25.9 million for the telco’s 2017 financial year, accounting for 0.2% of total employee costs – R10.9 billion – which, averaged among the company’s 20,341 employees, amounts to R535,900 per person.<\/p>\n

\n
\n\n\n\n\n\n
Company<\/th>\nEmployees<\/th>\nTotal cost<\/th>\nAverage per employee<\/th>\n<\/tr>\n
Vodacom<\/td>\n7 589<\/td>\nR5.4 billion<\/td>\nR715,250<\/td>\n<\/tr>\n
Telkom<\/td>\n20 341<\/td>\nR10.9 billion<\/td>\nR535,900<\/td>\n<\/tr>\n
MTN<\/td>\n19 989<\/td>\nR9.2 billion<\/td>\nR460,250<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Recent reports by auditing firms PwC and Deloitte have raised debate around the levels of executive pay in South Africa, particularly when contrasted with employee pay.<\/p>\n

While the high averages noted above are not a true reflection of how many employees are remunerated (the figures will be skewed by management, who receive much higher salaries than general workers), they do provide a basis through which pay disparity can be measured.<\/p>\n

In previous years, analysts have used the ‘salary gap’ to highlight the massive discrepancies between executive pay and the workers’ take – noting that South Africa in particular, ranks as one of the worst culprits when it comes to this gap.<\/p>\n

Looking at the telcos above, this becomes apparent when looking at MTN in particular, where the group CEO, Nhleko, was paid 157 times more than the average employee.<\/p>\n

With Vodacom and Telkom, the gap is much smaller, with both CEOs earning around 50 times more than the average employee.<\/p>\n

\n
\n\n\n\n\n\n
Company<\/th>\nCEO salary<\/th>\nCEO salary as % of total<\/th>\nPay gap<\/th>\n<\/tr>\n
MTN<\/td>\nR72.2 million<\/td>\n0.8%<\/td>\n157<\/td>\n<\/tr>\n
Vodacom<\/td>\nR35.7 million<\/td>\n0.7%<\/td>\n50<\/td>\n<\/tr>\n
Telkom<\/td>\nR25.9 million<\/td>\n0.2%<\/td>\n48<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read:\u00a0How your boss\u2019 salary is calculated differently to yours<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South Africa’s three major listed telecommunication companies have released their annual reports, providing insight into the remuneration of its management and employees.<\/p>\n","protected":false},"author":10,"featured_media":144519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[28,65,27],"class_list":["post-188241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-mtn","tag-telkom","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/188241","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=188241"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/188241\/revisions"}],"predecessor-version":[{"id":188573,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/188241\/revisions\/188573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/144519"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=188241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=188241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=188241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}