Vodacom has released its integrated report for the year ended 31 March 2015, which showed a decline in the total pay package of some of the company\u2019s\u00a0top executives.<\/p>\n
Vodacom CEO Shameel Joosub received a total pay package of R10,933,000 last year, down from R12,980,500 the previous year.<\/p>\n
Vodacom CFO Ivan Dittrich received an annual package of R6,247,116, which was also down from R7,542,198 a year earlier.<\/p>\n
Vodacom\u2019s non-executive chairman Peter Moyo received a healthy R1.9 million for his duty on the board.<\/p>\n
The following table provides an overview of the remuneration of Vodacom\u2019s top executives, which includes the settlement of long-term incentives and accruals.<\/p>\n
Vodacom Executive Pay<\/strong><\/td>\n<\/tr>\n| Name<\/strong><\/td>\n | Position<\/strong><\/td>\n | Guaranteed salary<\/strong><\/td>\n | Total annual package<\/strong><\/td>\n | Long-term incentives and benefits<\/strong><\/td>\n | Full annual remuneration<\/strong><\/td>\n<\/tr>\n | Shameel Joosub<\/strong><\/td>\n | Chief Executive Officer<\/td>\n | R7,212,500<\/td>\n | R10,933,000<\/td>\n | R9,857,620<\/td>\n | R20,790,620<\/strong><\/td>\n<\/tr>\n | Ivan Dittrich<\/strong><\/td>\n | Chief Financial Officer<\/td>\n | R4,701,000<\/td>\n | R6,247,116<\/td>\n | R1,309,899<\/td>\n | R7,557,015<\/strong><\/td>\n<\/tr>\n | Andries Delport<\/strong><\/td>\n | Chief Technology Officer<\/td>\n | R4,041,250<\/td>\n | R5,960,419<\/td>\n | R1,111,718<\/td>\n | R7,072,137<\/strong><\/td>\n<\/tr>\n | Romeo Kumalo<\/strong><\/td>\n | Chief Operating Officer: International<\/td>\n | R3,600,000<\/td>\n | R4,260,420<\/td>\n | R1,020,225<\/td>\n | R5,280,645<\/strong><\/td>\n<\/tr>\n | Vuyani Jarana<\/strong><\/td>\n | Chief Officer: Enterprise Business Unit<\/td>\n | R3,587,500<\/td>\n | R5,138,112<\/td>\n | R1,005,496<\/td>\n | R6,143,608<\/strong><\/td>\n<\/tr>\n | Maya Makanjee<\/strong><\/td>\n | Chief Officer: Corporate Affairs<\/td>\n | R2,763,000<\/td>\n | R3,806,428<\/td>\n | R564,020<\/td>\n | R4,370,448<\/strong><\/td>\n<\/tr>\n | Nkateko Nyoka<\/strong><\/td>\n | Chief Officer: Legal and Regulatory<\/td>\n | R3,558,533<\/td>\n | R5,248,300<\/td>\n | R730,353<\/td>\n | R5,978,653<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n | In April, MTN Group published its annual report for 2014, revealing how much its top executives got paid in the last financial year.<\/p>\n MTN Group president and CEO Sifiso Dabengwa took home a total sum of R28.1 million in 2014, including a R13.3 million bonus and share gains of R3.5 million.<\/p>\n Wage strikes have plagued the company’s local operations in recent months, with call centre and store workers on strike since May 20 amid calls for a higher annual salary and bonus pay. Up to 2,000 workers are reported to be on strike.<\/p>\n MTN South Africa MD Ahmad Farroukh took home R17.5 million, including a R6.6 million bonus in 2014.<\/p>\n Telkom is expected to publish its annual report soon. Last week, the group reported a 3.1% rise in net revenue for the year ended March 2015, presenting a return to dividend payouts for shareholders for the first time since 2011.<\/p>\n The group has confirmed however, that it will axe up to 7,800 staff ‘creating a far leaner company’.<\/p>\n Telkom CEO, Sipho Maseko took home R11.7 million in compensation last year.<\/p>\n Cell C, the third biggest operator in the country, is not a listed company and is therefore not obliged to publish its financial results or remuneration strategy.<\/p>\n More on executive pay<\/h3>\nMTN CEO\u2019s massive R28 million salary<\/a><\/strong><\/p>\n How rich are you really?<\/a><\/strong><\/p>\n Former Eskom CEO paid far more than thought<\/a><\/strong><\/p>\n Does Zuma deserve his R2.75 million salary?<\/a><\/strong><\/p>\n |