Vodacom boss Shameel Joosub paid R21 million in 2016

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South Africa’s Vodacom paid CEO Shameel Joosub nearly R22 million in total compensation for its financial year 2016, according to the mobile phone operator’s latest integrated annual report.

Shameel Joosub, Vodacom CEO
Shameel Joosub, Vodacom CEO

 

 

 

 

 

The disclosure makes Joosub among the highest-paid executives in Africa’s telecommunications sector.

According to the report, Joosub received a guaranteed salary of R7.8 million versus R7.2 million in 2015.  His R21.7 million total remuneration included a R13.9 million bonus, according to the operators’ integrated annual report.

While former chief financial officer (CFO) Ivan Dittrich was paid R7.7 million, which included a guaranteed salary of R1.6 million and R6.2 million benefits related to termination of contract. He step down from the Vodacom board on 31 July 2015 to pursue personal interest.

JSE-listed tech firm Datatec announced last month that Dittrich will re-assumed his

Ivan Dittrich
Former Vodacom executive Ivan Dittrich reappointed as CFO of tech firm Datatec

responsibilities as CFO of the global tech firm. Dittrich left the Johannesburg-based firm in 2012 to join mobile phone group Vodacom as CFO and returns for his second stint at Datatec.

Romeo Kumalo was paid R4.3 million, which included a R3.6 million benefits related to resgnation benefits.

Last month Kumalo,  the former  chief operating officer: Vodacom’s International Business, and left the mobile phone operator to pursue personal business interests.

Vodacom Remuneration
Vodacom Remuneration

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