MTN CEO’s massive pay cheque

MTN Group has released its Integrated Report for the year ended 31 December 2017.

“This integrated report is MTN Group Limited’s primary communication to all stakeholders and aims to enable them to make an informed assessment of our performance and prospects,” said MTN.

The report contains multiple aspects of the company’s financial performance – including how much it pays its directors and executives.

As shown in the table below, MTN Group CEO Rob Shuter received a total remuneration of just over R40 million for the year.

The financial reward follows MTN reporting an EBITDA increase of 2.5% to R46.9 billion during its latest financial results.

MTN SA CEO Godfrey Motsa received remuneration of R18.8 million for the period, after taking up the position in March 2017.

MTN Chairman Phuthuma Nhleko received a total remuneration of R42.4 million.

MTN’s latest integrated report can be viewed on the company’s website.

MTN salaries

MTN Salaries
Name Salary Post-employment benefits Other benefits Bonuses Total
PF Nhleko R19.9 million R22.4 million R42.4 million
R Shuter R11.5 million R1.2 million R10.5 million R17.1 million R40.4 million
R Mupita R5.9 million R673,000 R384,000 R10.6 million R17.6 million
I Jaroudi R10.4 million R1.5 million R6.6 million R18.6 million
G Motsa R6.3 million R722,000 R5.2 million R6.4 million R18.8 million
S van Coller R7.7 million R874,000 R612,000 R10.2 million R19.4 million
J Schulte-Bockum R8.2 million R876,000 R303,000 R10.4 million R19.8 million

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MTN CEO’s massive pay cheque