Vodacom, MTN, and Telkom’s annual reports reveal that MTN group CEO Sifiso Dabengwa received the highest total salary in the last financial year when looking at South Africa’s three largest telecommunications companies.
MTN CFO Nazir Patel also out-earned his counterparts at Telkom and Vodacom. Patel received a total package of R17,177,000 in 2011, higher than both the CFOs and CEOs at MTN’s main competitors.
When it came to the chairpersons of these listed companies, MTN Chairman Cyril Ramaphosa reigned supreme with an annual package of R1,805,000, edging out Telkom chairman Lazarus Zim and Vodacom chairman Peter Moyo.
The following table provides an overview of the total pay packages of the executives of the MTN, Vodacom, and Telkom for their last financial year.
|Telecoms executive income in last financial year|
|RS Dabengwa||MTN CEO||R22,528,000|
|PJ Uys||Vodacom CEO||R16,523,664|
|NT Moholi||Telkom CEO||R12,067,321|
|NI Patel||MTN CFO||R17,177,000|
|RA Shuter||Vodacom CFO||R12,550,205|
|JH Schindehütte||Telkom CFO||R8,384,458|
|MC Ramaphosa||MTN Chairman||R1,805,000|
|PL Zim||Telkom Chairman||R1,520,000|
|MP Moyo||Vodacom Chairman||R1,350,000|