MTN Group has released its annual report for 2014, revealing how much its top executives got paid in the last financial year.
MTN Group president and CEO Sifiso Dabengwa took home R28.1 million in 2014, including a R13.3 million bonus and share gains of R3.5 million.
Dabengwa’s salary for the full year 2014 was down significantly from a R48 million haul in 2013.
Despite a 40% pay cut Dabengwa still commands a higher salary than any other mobile or tech executive in the country.
MTN South Africa MD Ahmad Farroukh took home R17.5 million, including a R6.6 million bonus in 2014.
Farroukh is the third-highest earner in the tech space, after Altron CEO Robbie Venter’s R17.7 million earned in the same financial year. Craig Venter, who heads up Altron’s Altech subsidiary took home R14.2 million.
Vodacom Group CEO, Shameel Joosub received a package of R12.98 million for the 2013/14 financial year, while Telkom CEO, Sipho Maseko got R11.7 million.
Telkom’s executives and prescribed officers received a combined salary of around R60 million for the financial year ended March 2014.
The table below shows how the tech and telecoms CEO salaries stack up.
|Sifiso Dabengwa||MTN Group||R28.13 million|
|Robbie Venter||Altron||R17.73 million|
|Ahmad Farroukh||MTN SA||R17.48 million|
|Craig Venter||Altech||R14.14 million|
|Shameel Joosub||Vodacom Group||R12.98 million|
|Sipho Maseko||Telkom||R11.71 million|
|Brett Levy||Blue Label Telecom||R6.80 million|
|Mark Levy||Blue Label Telecom||R6.80 million|
The following image shows the breakdown of CEO salaries – basic salary and bonuses.
Republished with permission from BusinessTech