The IT executive with the highest salary in South Africa

MTN CEO Rob Shuter’s salary of R43 million was the highest of any ICT executive over the past year, followed by Vodacom CEO Shameel Joosub with R38 million.

While these pay packages seem high in a country where the average salary in the formal sector is R21,432 per month, the reality is that many of these executives can earn much more overseas.

Former Checkers CEO Whitey Basson, who was often lambasted for his high pay package, said his salary was relatively low when compared to his international counterparts.

Basson said that while he was Checkers CEO, he was approached by three major international companies which offered him double and even triple his salary to jump ship.

He said it is challenging to keep top executives in the country who can grow the industry and ensure the country has a brighter future.

Instead of complaining about high executive salaries, Basson said, people should rather focus on growing the economy to light salaries across the board.

Local tech and telecoms CEOs

To illustrate Basson’s point, it is instructional to look at South Africa’s top telecommunications executives.

South Africa is home to two of the world’s largest mobile operators, Vodacom and MTN, and these two powerhouses produce some of the world’s best and most sought-after executives.

Vodacom and MTN’s executives can easily move to another country, which many of them have already done.

Before MTN CEO Rob Shuter took the reins at the operator, he was the CEO for Vodafone’s Europe Cluster.

Shameel Joosub, in turn, was the CEO of Vodafone Spain before he returned to South Africa to run Vodacom.

A person with the skillset to run a large telecommunications company is extremely hard to find – especially when the company has operations across Africa.

Unless South African telecoms companies pay their top executives well, they will not attract the top talent. Eskom and the SAA serve as a warning of what happens when you do not have quality execs.

The top paid ICT executives in South Africa

The table below provides an overview of the highest-paid IT and telecoms executives in South Africa.

ICT Executive Pay in South Africa
Person Position Total Pay Package
Rob Shuter MTN CEO R42,923,000
Ebenezer Asante MTN Vice-president: SEAGHA R24,029,000
Godfrey Motsa MTN SA CEO R23,490,000
J Schulte-Bockum MTN COO R23,249,000
Ralph Mupita MTN CFO R22,539,000
Shameel Joosub Vodacom CEO R38,261,997
Till Streichert Vodacom CFO R17,519,055
Sipho Maseko Telkom CEO R23,179,782
Andrew Holden Altron COO/CFO R19,506,000
Mteto Nyati Altron CEO R19,072,000
Brett Levy Blue Label Telecoms Co-CEO R14,254,000
Mark Levy Blue Label Telecoms Co-CEO R14,254,000
Alan Dickson Reunert CEO R7,791,000
Mark Taylor Reunert Executive Director R6,251,000
Nick Thomson Reunert CFO R5,698,000
Sbu Shabalala Adapt IT CEO R4,846,444
Tiffany Dunsdon Adapt IT CFO R3,681,409

Now read: Eskom executives score big salaries despite R20-billion loss

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The IT executive with the highest salary in South Africa