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Moneyweb reports that Telkom CEO Sipho Maseko earned total remuneration of R27.2m in the 2018 financial year to 31 March, up from R25.9m a year ago.
The telecommunications group’s annual report, published on Tuesday, showed that Maseko’s package was made up of just over R8m in guaranteed pay, R7.6m in short-term incentives, R12,000 in fringe benefits and R11.5m in vested long-term incentive shares. Former chief financial officer Deon Fredericks, who moved into the newly created role of chief investment officer on 1 July, was paid a total of R13.6m, slightly up on last year’s R13.5m. But, Frederick’s package was dwarfed by two former Telkom executives’ packages — ex-BCX CEO Isaac Mophatlane was paid R18.9m, which included a separation package, while Attila Vitai, who previously headed Telkom’s consumer, mobile and small business division, took home a whopping R24.3m. Telkom chairman Jabu Mabuza was paid R1.3m for his services.
- Read this report by Duncan McLeod in full at Moneyweb
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