Former MultiChoice CEO took a R14.6 million pay cut between 2024 and 2025

[Luis]

Former MultiChoice CEO took a R14.6 million pay cut between 2024 and 2025

Former MultiChoice CEO Calvo Mawela took a R14.6 million pay cut between 2024 and 2025 as the DStv owner began struggling financially amid a number of market pressures.

According to MultiChoice's financial reporting, Mawela earned approximately R47.6 million in the 2024 financial year, including his base salary, pension, benefits, and incentives.

 

[Mike Hoxbig]

From R47m to R33m, how will he ever afford food and shelter...

 

[Lupus]

From R47m to R33m, how will he ever afford food and shelter...

I mean in Dubai of all places.

 

[Brian_G]

I mean in Dubai of all places.

Ya, it is kinda expensive there :-/

 

[Brian_G]

Best part is he's only royalty 'cos he's ANC related, doubt he had a clue how to run things.. not that he could have messed it up alone

 

[MaximusZA]

 

[Lupus]

Ya, it is kinda expensive there :-/

Yup indeed, he's now gone from the top 2% to 2.5%

 

[Werner1975]

I cannot believe these astronomical salaries that are paid !

 

[Brian_G]

I cannot believe these astronomical salaries that are paid !

I've always thought some hush-bribes must be involved

 

[Werner1975]

I've always thought some hush-bribes must be involved

Yes, and masked as "Benefits" .

 

[Craig_]

Shame, hope he can cope.

 

[Fuzzbox]

PAY BACK THE MONEY.

 

[The Gilded]

Only R32 million after he ran the company amuck. Truly a saint.

 

[Brian_G]

Former MultiChoice CEO Calvo Mawela took a R14.6 million pay cut between 2024 and 2025 as the DStv owner began struggling financially amid a number of market pressures.

BS concept anyway, these guys work with many, many billions.

Fact I learned from them: 10 years ago a single good Hollywood movie already cost DStv one US Bar for its lifetime ... so with inflation, all he did is pay for one second-rate movie.


Stinky corporate PR tactics