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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Brands»Massive Pay Cuts for Vodacom CEO Shameel Joosub & CFO Till Streichert
    Vodacom CEO Shameel Joosub

    Massive Pay Cuts for Vodacom CEO Shameel Joosub & CFO Till Streichert

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    By Tapiwa Matthew Mutisi on June 17, 2019 Brands, Business, Financial report, News, People, Telecoms

    Vodacom CEO Shameel Joosub has taken a significant pay cut, according to the company’s remuneration report for the financial year ended 31 March 2019.

    Joosub received 23.9% less in the 2019 financial year than he received in 2018, earning significantly less from short-term and long-term incentives.

    His total pay decreased from R50.2 million in 2018 to R38.2 million in 2019, despite his guaranteed pay increasing from R10.4 million to R11.3 million.

    Joosub’s bonus from short-term incentives was cut down by 21% and his long-term incentive bonus fell by 46.1%.

    He received dividends of R5 million, an increase of 4.6% on last year’s R4.8 million.

    Vodacom CFO Till Streichert also took a pay cut in 2019, although his total remuneration fell by only 1.3%, mostly attributed to a drop in his short-term incentive bonus.

    Below is the pay mix for Vodacom CEO Shameel Joosub and CFO Till Streichert.

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    Bonuses CEO Shameel Joosub CFO Till Streichert financial year Incentives Pay Cuts Renumeration Report Salaries telecommunications Vodacom
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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    1. Pingback: Vodacom's massive revenue increase attributed to Vodafone Egpyt acquisition - Innovation Village | Technology, Product Reviews, Business

    2. Pingback: Vodacom Group Recognized as Top Employer in Africa - Innovation Village | Technology, Product Reviews, Business

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