{"id":424004,"date":"2020-08-07T16:08:09","date_gmt":"2020-08-07T14:08:09","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=424004"},"modified":"2020-08-07T16:08:09","modified_gmt":"2020-08-07T14:08:09","slug":"r104-million-payday-for-telkoms-top-executives","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/424004\/r104-million-payday-for-telkoms-top-executives\/","title":{"rendered":"R104 million payday for Telkom&#8217;s top executives"},"content":{"rendered":"<p>Telkom CEO Sipho Maseko earned a total of R21.8 million for the 2020 financial year.<\/p>\n<p>This is a reduction of more than R1 million compared to the R23.2 million he earned over the 2019 period.<\/p>\n<p>His 2020 financial year remuneration included:<\/p>\n<ul>\n<li>A guaranteed salary of R8.83 million<\/li>\n<li>Vested shares totalling R10.53 million<\/li>\n<li>Unvested shares totalling R2.4 million<\/li>\n<\/ul>\n<p>The remainder of his remuneration includes pension, motor insurance, and funeral benefits.<\/p>\n<p>While Maseko\u2019s guaranteed salary and unvested shares only saw minor changes, he received over R5 million more in vested shares.<\/p>\n<p>This was countered, however, by him not receiving a bonus this year \u2013 as was the case with all Telkom executive directors and prescribed officers.<\/p>\n<p>Other big earners at Telkom included Deon Fredericks \u2013 who retired as CIO and took home R26.1 million \u2013 and retired Openserve CEO Alphonzo Samuels, who took home R19.5 million.<\/p>\n<p>These two former C-level executives earned R5.7 million and R6.1 million in severance pay respectively, as well as substantial vested share payouts.<\/p>\n<p>In total, Telkom paid its prescribed officers R76.8 million for the year, which combined with executive director pay of R27.2 million, means the group paid a total of R104 million to its top executives.<\/p>\n<p>Below are the salaries earned by Telkom executive directors and prescribed officers, including CEO Sipho Maseko.<\/p>\n<p>The figures below include guaranteed pay (GP), short term incentives (STIs), long term incentives (LTIs), and total remuneration.<\/p>\n<p>Other contributors to total remuneration such as motor vehicle insurance and dividends paid on unvested shares were not included in the comparison.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Tekom-Executive-pay.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-424008\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Tekom-Executive-pay.png\" alt=\"\" width=\"1194\" height=\"380\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Tekom-Executive-pay.png 1194w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Tekom-Executive-pay-300x95.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Tekom-Executive-pay-1024x326.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Tekom-Executive-pay-768x244.png 768w\" sizes=\"auto, (max-width: 1194px) 100vw, 1194px\" \/><\/a> <a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Telkom-prescribed-officers.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-424006\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Telkom-prescribed-officers.png\" alt=\"\" width=\"1201\" height=\"741\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Telkom-prescribed-officers.png 1201w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Telkom-prescribed-officers-300x185.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Telkom-prescribed-officers-1024x632.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/08\/Telkom-prescribed-officers-768x474.png 768w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/trending\/421964\/telkom-enters-financial-services-industry\/\" rel=\"bookmark\">Telkom enters financial services industry<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telkom CEO Sipho Maseko earned a total of R21.8 million for the 2020 financial year.<\/p>\n","protected":false},"author":31,"featured_media":366850,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26,65],"class_list":["post-424004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/424004","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\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=424004"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/424004\/revisions"}],"predecessor-version":[{"id":424010,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/424004\/revisions\/424010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/366850"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=424004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=424004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=424004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}