{"id":867173,"date":"2026-07-23T08:36:05","date_gmt":"2026-07-23T06:36:05","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=867173"},"modified":"2026-07-23T08:36:09","modified_gmt":"2026-07-23T06:36:09","slug":"telkom-ceo-scores-r24-million-payday","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/867173\/telkom-ceo-scores-r24-million-payday\/","title":{"rendered":"Telkom CEO scores R24 million payday"},"content":{"rendered":"\n

Telkom Group chief executive Serame Taukobong has received a R24 million paycheque for the full year 2026, down from his R33 million payout last year.<\/p>\n\n\n\n

The main reason for the lower pay was a smaller number of vested shares in his long-term incentive, which totalled R3.5 million in 2026, compared with over R13 million in 2025.<\/p>\n\n\n\n

His base salary, however, was higher at R10.5 million, versus R9.9 million last year.<\/p>\n\n\n\n

The rest of the CEO’s salary comprised an R10 million bonus\u2014the same as in 2025\u2014and other benefits totalling R12,292.<\/p>\n\n\n\n

Taukobong’s pay was part of a R116 million haul by Telkom’s top executives and prescribed officers for the year.<\/p>\n\n\n\n

Group chief financial officer, Nonkululeko Dlamini, earned R13.6 million for the year, with the second-highest base salary of R7.3 million.<\/p>\n\n\n\n

However, the chief executive officer of Telkom Consumer, Lunga Siyo, and the retired CEO of BCX, Jonas Bogoshi, received higher pay than Dlamini, thanks to higher short- and long-term incentives, respectively.<\/p>\n\n\n\n

Siyo’s total pay was R20.9 million for the year, off a base salary of R6.4 million and bonuses of R14.5 million.<\/p>\n\n\n\n

Bogoshi, meanwhile, received a base pay of R5.7 million with a total payout of R19.9 million thanks to the vesting of his long-term incentive of R11.2 million and a severance package of R2.8 million.<\/p>\n\n\n\n

Bogoshi led BCX for seven years before retiring from his executive position on February 28, 2026.<\/p>\n\n\n\n

The salaries for the Telkom executive suite came off the back of a strong performance in the 2026 financial year, with the group reporting a solid rise in earnings.<\/p>\n\n\n\n

When excluding the group’s Swiftnet sale and focusing only on continuing operations, the group saw its profit for the year rise by 27.5% from R2.8 billion in the prior year.<\/p>\n\n\n\n

Headline earnings per share across the group\u2019s total operations rose 30.1% to 708.5 cents per share.<\/p>\n\n\n\n

The group also increased its dividend by 3.5% to 270 cents per share, with a dividend payout ratio of 40% to 60%.<\/p>\n\n\n\n

Positives were seen in Telkom Consumer, which saw its mobile EBITDA margin expand to 29.0%, while Openserve\u2019s EBITDA margin improved to 33.5%.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

Positive outlook for the company<\/h2>\n\n\n\n

However, while Telkom\u2019s results from continuing operations remained strong, the reported figures were impacted by the sale of Swiftnet in January 2025.<\/p>\n\n\n\n

Telkom sold Swiftnet in a deal worth R6.75 billion, with the group recording a R4.7 billion gain from discontinued operations in the 2025 financial year.<\/p>\n\n\n\n

Thus, in FY26, across its total operations, the group saw its profit drop from R7.5 billion to R3.6 billion as a result of the sale\u2014even though this was a once-off item in previous reporting.<\/p>\n\n\n\n

The group\u2019s earnings per share thus declined by 52.9% to 719.5 cents per share across total operations, but still grew 27.1% on a continuing basis.<\/p>\n\n\n\n

At the time, Taukobong said that the results were a validation of the group’s strategy to transform the business. <\/p>\n\n\n\n

“We confidently position the group for consistent quality earnings that allow for enhanced shareholder returns,” he said.<\/p>\n\n\n\n

With the group now entering the second year of its medium-term guidance in FY2027, Taukobong said he is confident that the company will continue to meet its targets outlined a year ago.<\/p>\n\n\n\n

This includes mid-single-digit top-line revenue growth, maintaining capital expenditure at 12% to 15% of group revenue, and ensuring an EBITDA Margin of 25% to 27% for ongoing operations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Telkom Group chief executive Serame Taukobong has received a R24 million paycheque for the full year 2026, with other execs also scoring big.<\/p>\n","protected":false},"author":10,"featured_media":834967,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2080180370482356547","_sma_x_attempts":1,"footnotes":""},"categories":[9872],"tags":[4564,65],"class_list":["post-867173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-salary","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/867173","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=867173"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/867173\/revisions"}],"predecessor-version":[{"id":867179,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/867173\/revisions\/867179"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/834967"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=867173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=867173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=867173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}