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Latest Posts

Absa Finance Director Jason Quinn Named CFO of the Year 2020

Jason Quinn, the group finance director at Absa, has been named South Africa’s CFO of the Year at the 2020 CFO Awards. This was announced...

Avon Pledge Funds To Fight Gender-Based Violence

As South Africa joins the global community in commemorating 16 Days of Activism for No Violence Against Women and Children, Avon Justine has amplified...

Africa’s Accelerating FinTech Revolution

By Greg Nott and Tristan Marot Africa is a unique continent. From its diverse cultures and languages, to its extremes in wealth and development -...

MTN’s Mobile Money Transactions Value Reaches R926-Billion

The latest data released today by MTN shows the value of MTN MoMo (mobile money) transactions was $61,2 billion (R926 billion) in the first...

Telkom boss Sipho Maseko received R14.5 million for turning around the firm

SA’s Telkom paid CEO Sipho Maseko R14.5 million for its 2016 financial year, showing the progress the boss of the telco has made in turning around the country’s biggest fixed-line telephone group. By Gugu Lourie

The total package include a guaranteed salary of R7.4 million, R6.2 million short-term incentives and R941 000 in fringe and other benefits. His total remuneration of R14.5 milion was increased by more than R2 million versus R12 million in 2015.

For more on Maseko’s achievement read: SA’s Telkom CEO Sipho Maseko isn’t declaring victory yet, but he is targeting pole position

While Deon Fredericks, Telkom’s chief financial officer, was paid a total package of R9.5 million in 2016 financial year

Since 31 March 2016 there have been changes in the beneficial interests of the executive directors. In terms of the Telkom Share Plan 161 627 and 64 685 shares vested for Maseko and Deon Fredericks, respectively. On 4 July 2016 Sipho Maseko disposed of 145 907 shares. On 5 July 2016 Sipho Maseko and Deon Fredericks disposed of 15 720 and 25 581 shares, respectively.

Telkom Prescribed officers’ remuneration+ (excluding executive directors)

Telkom Prescribed officers’ remuneration

Jabu Mabuza, Telkom’s chairman said: “After three tough years, during which a great deal of hard work went into stabilising Telkom and building the potential that would prepare it for the next phase in our strategy, I am particularly pleased to report that we are ready to move into the transformation and growth phase of the strategy approved by the board three years ago.”

Latest Posts

Absa Finance Director Jason Quinn Named CFO of the Year 2020

Jason Quinn, the group finance director at Absa, has been named South Africa’s CFO of the Year at the 2020 CFO Awards. This was announced...

Avon Pledge Funds To Fight Gender-Based Violence

As South Africa joins the global community in commemorating 16 Days of Activism for No Violence Against Women and Children, Avon Justine has amplified...

Africa’s Accelerating FinTech Revolution

By Greg Nott and Tristan Marot Africa is a unique continent. From its diverse cultures and languages, to its extremes in wealth and development -...

MTN’s Mobile Money Transactions Value Reaches R926-Billion

The latest data released today by MTN shows the value of MTN MoMo (mobile money) transactions was $61,2 billion (R926 billion) in the first...

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