Today's Labour News

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vodacomBusiness Report writes that cellular giant Vodacom had doubled the remuneration package of its chief executive, Shameel Joosub, in the year to March to R22 million on improved growth.  

Joosub was paid R22m, including R14m of short-term incentives, compared with R11m last year, which included R3.7m of short-term incentives.  Although Vodacom had some problems, the overall performance in the year to March was solid.  Joosub is expecting a weaker outlook for consumers in the year ahead in most of Vodacom’s markets, due to the depressed levels of economic growth, interest rate increases, inflation and the impact of the drought on food prices and disposable incomes.

  • Read this report by Dineo Faku in full at Business Report
  • See too, Vodacom doubles CEO’s pay as bonus surges for hitting targets, at BDLive

Get other news reports at the SA Labour News home page