{"id":863631,"date":"2026-06-15T14:09:34","date_gmt":"2026-06-15T12:09:34","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=863631"},"modified":"2026-06-15T14:09:37","modified_gmt":"2026-06-15T12:09:37","slug":"vodacom-ceo-scores-r137-million-payday","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/863631\/vodacom-ceo-scores-r137-million-payday\/","title":{"rendered":"Vodacom CEO scores R137 million payday"},"content":{"rendered":"\n

Vodacom Group CEO Shameel Joosub scored R137 million in remuneration for the 2026 financial year, which included roughly R7 million in security costs. <\/p>\n\n\n\n

In the financial year ended 31 March 2026, Vodacom’s group revenue stood at R167.7 billion, supported by strong growth in diversification.<\/p>\n\n\n\n

Financial services revenue reached R16.8 billion, up 19.6%. Its mobile money platforms, including Safaricom, processed US$525.6 billion in transaction value. <\/p>\n\n\n\n

Beyond mobile services, which include financial services, fixed, digital and Internet of Things, the group generated R29.8 billion, contributing 22.3% of group service revenue. <\/p>\n\n\n\n

Vodacom saw its headline earnings per share rise by 22.9% to 1,053 cents per share, and upped its total dividend for the year to 735 cents per share, up 18.5%.<\/p>\n\n\n\n

The group also added 26 million customers, bringing its total customer base to 237.3 million across eight markets. <\/p>\n\n\n\n

“This scale is driving greater connectivity, productivity and financial inclusion, and underpins our decision to increase our Vision 2030 customer ambition to 275 million,” the group said. <\/p>\n\n\n\n

The group added that its investment in technology and network remains central to supporting growth, having spent R23.6 billion on capital expenditure in FY2026.<\/p>\n\n\n\n

Joosub added that the group has made progress on delivering on its strategy over the year, marked by two milestone transactions that will add to its long-term growth profile.<\/p>\n\n\n\n

During the financial year, the group also announced an agreement to acquire an additional 20% stake in Safaricom from the Kenyan government, increasing its stake to over 50%. <\/p>\n\n\n\n

\u201cThis transformational transaction reinforces our commitment to the high-growth East African markets of Kenya and Ethiopia,” said Joosub. <\/p>\n\n\n\n

The group also finalised the acquisition of a strategic stake in Maziv, the fibre group that houses Vumatel, giving it a foothold in the local fibre market. <\/p>\n\n\n\n

Joosub’s payday <\/h2>\n\n\n
\n
\"\"<\/a><\/figure><\/div>\n\n\n

For the financial year, the CEO earned a total single-figure remuneration of R137 million, a 75.3% increase from his R78 million seen in FY25.<\/p>\n\n\n\n

The CEO received a guaranteed pay package of R19.4 million, with an effective salary increase effective from 1 July 2025. <\/p>\n\n\n\n

His remuneration also included an “other” section, which included security arrangements provided for the year due to the risks of the role and his cellphone benefit, amounting to R7.7 million. <\/p>\n\n\n\n

His short-term incentives (STIs) also increased by 25.5% to R26.9 million. His long-term incentives (LTIs) were the primary reason for the CEO’s total increase. <\/p>\n\n\n\n

His LTI awards were allocated in June 2023 and vested in June 2026. His LTIs increased by 196.8% to R74.6 million. The CEO also earned R8 million in dividends, up 39.3% from the previous year. <\/p>\n\n\n\n

At a 45% tax rate, the CEO took home R75.6 million in FY26. This is 75.3% higher than his FY25 take-home package. <\/p>\n\n\n\n

Shameel Joosub<\/strong> Pay<\/strong><\/td>FY2026<\/strong><\/td>FY2025<\/strong><\/td>% change<\/strong><\/td><\/tr><\/thead>
GP<\/td>19 395 390<\/td>18 429 808<\/td>5.2<\/td><\/tr>
Other<\/td>7 742 922<\/td>7 316 723<\/td>5.8<\/td><\/tr>
STI<\/td>26 931 084<\/td>21 461 114<\/td>25.5<\/td><\/tr>
Sub-total<\/strong><\/td>54 069 396<\/strong><\/td>47 207 645<\/td>14.5<\/td><\/tr>
LTI<\/td>74 592 745<\/strong><\/td>25 135 588<\/td>196.8<\/td><\/tr>
    \u2013 CSP<\/td>61 316 874<\/td>20 732 033<\/td>195.8<\/td><\/tr>
    \u2013 Vodafone shares<\/td>13 275 872<\/td>4 403 555<\/td>201.5<\/td><\/tr>
Siyanda units vested<\/td>673 767<\/strong><\/td>253 453<\/td>165.8<\/td><\/tr>
Dividends<\/td>8 080 159<\/strong><\/td>5 801 176<\/td>39.3<\/td><\/tr>
Total (pre-tax)<\/strong><\/td>137 416 068<\/strong><\/td>78 397 861<\/td>75.3<\/td><\/tr>
Total (post-tax)<\/strong><\/td>75 578 837<\/strong><\/td>43 118 824<\/td>75.3<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Vodacom CEO Shameel Joosub earned R137 million in remuneration during the 2026 financial year, with about R7 million in security costs. <\/p>\n","protected":false},"author":95,"featured_media":863584,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[27],"class_list":["post-863631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863631","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\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=863631"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863631\/revisions"}],"predecessor-version":[{"id":863641,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863631\/revisions\/863641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/863584"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=863631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=863631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=863631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}