Today's Labour News

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telkom thumb100 BusinessLive reports that the remuneration of Telkom’s executive management team came to R200m in the year to March, according to the company’s latest annual report.  The company has 47 employees in executive management positions.  

In 2016, 41 executive managers shared about R167.6m in salaries and other benefits.  The total package of CEO Sipho Maseko increased to R25.9m from R14.5m in 2016.  His remuneration includes a R7.4m guaranteed package and R9.6m in vested shares.  Telkom has recorded operational improvements since Maseko took over about four years ago.  The group reduced its high costs through, among other things, outsourcing some units, retrenching staff and the selling off of noncore assets.  Mergence Investment Managers portfolio manager Peter Takaendesa commented that the Telkom executive team had delivered outstanding results for shareholders in a very tough operating environment over the past few years.

  • Read this report by Thabiso Mochiko in full at BusinessLive
  • See too, Telkom chief scores over R25m payday, at Business Report
  • And also, Highest paid bosses: MTN vs Telkom vs Vodacom, at BusinessTech

Get other news reports at the SA Labour News home page