MTN Boss Ralph Mupita Paid R84.2 Million in 2021

MTN
Ralph Mupita, MTN CEO

Ralph Mupita, the boss of Africa’s largest mobile phone firm MTN, was paid R84.2 million in the 2021 financial year.

The total package of R84.2 million was made up of a R15.4 million salary and a R28.9 million in short-term incentives, plus more than R37.7 million in reflected long term incentive bonus.

Mupita was paid R36 million in 2020.

The company informed investors that the difference in Mupita’s remuneration received in 2021 compared to 2020 was attributed to improved performance outcomes between the two years and his promotion to group CEO effective from 1 September 2020.

Tsholofelo Molefe, MTN’s Group Chief Financial Officer, was paid R23.9 million in 2021.

Prescribed officers remuneration

LEAVE A REPLY

Please enter your comment!
Please enter your name here