Maseko’s pay is the lowest among the mobile operators, behind Vodacom CEO Shameel Joosub, and MTN Group CEO Rob Shuter. Speaking to Tim Modise, Maseko says Telkom is opposed to the Vodacom/Neotel merger in its current form and want ICASA to review the matter. Tim Abbott. Maseko’s pay is the lowest among the mobile operators, behind Vodacom CEO Shameel Joosub, and MTN Group CEO Rob Shuter. What would your business sacrifice for simplicity? Expressed as per-day earnings puts it into a better context to understand how well remunerated these executives are. Vodacom announced on 14 June 2012 that the company’s chief operating officer and Managing Director of Vodacom SA, Sipho Maseko has decided to leave the company with immediate effect. Maseko is presently Telkom as CEO and has done a sterling job to turn around the ailing fixed-line telephone group. Africa's largest integrated communications company Telkom has appointed Sipho Maseko, a former MD at rival telecommunications group Vodacom, as its new CEO. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. Bio Sipho Maseko was appointed as Group Chief Executive Officer and as an Executive Director of Telkom on 1 April 2013. See the complete profile on LinkedIn and discover Sipho’s connections and jobs at similar companies. It is understood that the Vodacom board will now assess the gap left by Maseko, and will then decide whether to fill his position or to restructure the Vodacom management team to absorb Maseko’s tasks. Do you have an uncapped internet package at home. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. Sipho Maseko resigned from Vodacom last week, without a clear explanation as to why. His departure comes nine months after he accepted the post of MD and a bare two months after Maseko was promoted to group CEO, overseeing Vodacom SA’s operations. Sipho Maseko, Group CEO - Telkom Telkom slashed 13.4% of all permanent jobs in the 12 months to 31 March 2019. What surprised many people was how sudden the announcement was. Telkom CEO Sipho Maseko says the company has embarked on a cost cutting exercise that includes reducing head count through voluntary retrenchments and the sale of properties. Telkom said the merger should have been notifiable in terms of the Competition Act because of the multiple agreements between Vodacom and Rain. Vodacom SA has announced that the company’s MD and Group Chief Operating Officer, Sipho Maseko, will relinquish all directorships of the group’s companies with immediate effect. He took over this position in 2008. Greg Solomon CEO at McDonalds South Africa City of Johannesburg. Cuba joins other executives who were snubbed by Vodacom and Vodafone for the top position, such as Sipho Maseko, Peter Moyo, Peter Matlare and Nku Nyembezi. However, the she could not say what made the ‘other interest’ so pressing that Maseko could not stay on for a while longer to assist with the transition. Being Vodacom’s Group Chief Operating Officer. Vodacom failed to convince Maseko to stay: chief officer, Cape Town to introduce new alcohol proposals in the next few months, Expect 5 more years of load shedding for South Africa – these charts show why, Checkers fires warning at Pick n Pay and Woolworths over upper-income shoppers, UK’s updated ‘red list’ for travel causes more headaches for South Africans. Shuter’s salary is 85 times larger than the average salary paid to employees in the period (R504,911, including bonuses and benefits), and around 170 times larger than the average salary in South Africa. TechFinancials speculated that there will be no shortage of suitors for this rising star. The fruits of that recovery programme were announced to investors on Monday, including a 32% rise in full-year earnings per share and a 10% increase in dividend payments. He also received dividend payouts of R5 million. Vodacom Group CEO Shameel Joosub, centre, cutting the ribbon at the opening of the revamped Vodacom World in December 2018 ... Telkom Group CEO Sipho Maseko. Vodacom and Telkom have concluded a long-term, multi billion rand agreement whereby Telkom will obtain roaming and facilities leasing services from Vodacom with full effect from June 2019. Prior, he was the Group Chief Operating Officer and Managing Director at Vodacom, which he joined from BP Southern Africa, where he held various roles from 1997, including COO and CEO. The table below shows how much SA’s telco CEOs earned every day in the last financial year. Vodacom and Telkom have concluded a long-term, multi-billion-rand agreement whereby Telkom will obtain roaming and facilities leasing services from Vodacom with full effect from June 2019. Joosub’s STI totalled R9.79 million, with his LTI coming to R12.2 million. For the financial year ended March 2019, Joosub saw … The latest available Quarterly Employment Survey from Stats SA, shows that the average employee in South Africa earns R21,190 per month, or R258,280 a year. Telkom South Africa Ltd. has named Sipho Maseko, the former chief operating officer of Vodacom Group Ltd., its new chief executive officer as the … Makanjee said that the board was actually surprised by Maseko’s sudden resignation, and that they unsuccessfully tried to convince Maseko to stay on for longer or to serve out his contract term. Why your company should consider low-code as part of its delivery strategy, Funeral cover versus life cover – know the difference, South Africa stepping closer to a tax revolt: think tank, 5 important things happening in South Africa today, South Africa faces fragile recovery as a third Covid-19 wave is expected to hit in coming weeks, Fight brewing over planned language changes for South African schools, How much money South Africa’s biggest casinos lost over the past year, Telco sector should be under state control: CWU. He will replace Nombulelo Moholi at … Without electricity, learners at Emfihlweni High School would perhaps never have had access to computer training or the Internet, which could have severely hampered their ability to progress," says Sipho Maseko, Vodacom's managing director. For full year 2018, Blue Label co-CEOs, Brett and Mark Levy were each paid a total of R23.97 million – including a base salary of R8.5 million, and long-term share incentives of R14 million. Telkom CEO Sipho Maseko said seamless handover and 4G technology are new additions to Telkom’s roaming agreement with Vodacom, which would “improve the customer experience on the Telkom network”. Sipho Maseko. Per day, (over 365 days) this is just over R700. Following his arrival from Vodacom, Maseko and his team introduced a three-year turnaround plan that would determine the future of Telkom, still 39% owned by the government. And how can you maximise your communications spend? The budget speech – what does it mean for business? Greg Solomon. Without electricity, learners at Emfihlweni High School would perhaps never have had access to computer training or the Internet, which could have severely hampered their ability to progress," says Sipho Maseko, Vodacom's managing director. The budget speech – what does it mean for business? Vodacom’s group CEO and MD Sipho Maseko has resigned from his positions with the cellular provider in order to “pursue other interests”, according to Vodacom. View Sipho Maseko’s profile on LinkedIn, the world’s largest professional community. Tim Abbott CEO at BMW South Africa and Sub Sahara ... Chief Officer: Consumer Business, Vodacom Group Exco Member Johannesburg. Sipho Maseko CEO at Telkom Group City of Johannesburg. Presented in their totals, the CEO salaries are large numbers that don’t hold much meaning for everyday South Africans. What would your business sacrifice for simplicity? Dividends paid on unvested shares totalled R2.56 million. Vodacom announced on 14 June 2012 that the company’s chief operating officer and Managing Director of Vodacom SA, Sipho Maseko has decided … It now employs 15 296 fulltime staff members, down from 17 472 a year ago. Do you have an uncapped internet package at home. Why your company should consider low-code as part of its delivery strategy, Funeral cover versus life cover – know the difference, South Africa stepping closer to a tax revolt: think tank, 5 important things happening in South Africa today, South Africa faces fragile recovery as a third Covid-19 wave is expected to hit in coming weeks, Fight brewing over planned language changes for South African schools, How much money South Africa’s biggest casinos lost over the past year, 7 of the most common job interview questions - and how to answer them. Sipho Nkosinathi Maseko occupies the position of Group Chief Executive Officer & Executive Director at Telkom SA SOC Ltd. and Principal at Kleoss Capital (Pty) Ltd. Mr. Maseko is also on the board of Business Connexion Group Ltd., BMW South Africa Pty Ltd. and Gyro Group Pty Ltd. “We did try and convince him to stay on. Telkom has published its annual report for the 2019 financial year revealing how much its chief executive officer (CEO) was paid. According to the report, Telkom CEO Sipho Maseko was paid a total package of R27.2 million for the 2018 financial year, comprising a basic salary … For more read: Who Should Replace Shameel Joosub As CEO Of Vodacom? Cell C is not a listed company and thus does not divulge its remuneration schedules for its executives. He also says the company will connect 200,000 homes to fibre by end the … This announcement came less than ten months after Maseko joined Vodacom from BP Southern Africa, where he had been the chief executive officer since 2008. Telkom CEO Sipho Maseko ended the year with a R23.2 million paycheque, comprising a guaranteed salary of R8.3 million, a bonus of R7 million and a vested share payout of R5.3 million as part of his long-term incentive. Maseko also stepped down as a member of the Vodacom Group board. Sipho Nkosinathi Maseko occupies the position of Group Chief Executive Officer & Executive Director at Telkom SA SOC Ltd. and Principal at Kleoss Capital (Pty) Ltd. Mr. Maseko is also on the board of Business Connexion Group Ltd., BMW South Africa Pty Ltd. and Gyro Group Pty Ltd. Telkom CEO Sipho Maseko email address: [email protected] Here are some of his positions: Being the Chief Operating Officer and the Chief Executive Officer of British Petroleum Southern Africa. Sipho Maseko is Group Chief Executive Officer at Telkom SA SOC Ltd. View Sipho Maseko’s professional profile on ... have grown our operations to include networks in Tanzania, the Democratic Republic of Congo, Mozambique and Lesotho. His basic salary increased to R11.28 million (from R10.5 million before), but saw a smaller payout from both short-term (STI) and long-term incentives (LTI), with were 21% and 46% lower than the prior year, respectively. In 2012, Sipho Maseko relinquished his position as managing director of Vodacom South Africa and chief operating officer of Vodacom Group. The ‘immediate effect’ resignation sparked rumours that Maseko was asked to depart because of performance issues, but Vodacom chief officer of corporate affairs, Maya Makanjee rubbished these rumours. Sipho Nkosinathi Maseko is Chief Executive Officer at Telkom SA Soc Ltd. See Sipho Nkosinathi Maseko's compensation, career history, education, & memberships. MTN CEO Rob Shuter was the highest earner among the mobile operators, taking home a total salary of R42.92 million, including a basic salary of R15.28 million and bonuses and other benefits exceeding R26 million. By comparison, South Africa’s highest paid telco CEO, Rob Shuter, earned R117,600 a day – 168 times more. JOHANNESBURG — Under CEO Sipho Maseko over the last six years, Telkom has transformed itself into a telecoms business that has shifted its view firmly to the future of data. And how can you maximise your communications spend? Read: How much the average employee gets paid at Vodacom vs Telkom vs MTN. Sipho has 4 jobs listed on their profile. Maseko’s responsibilities will be handled by Vodacom CEO Pieter Uys until a decision is made on the way forward. Makanjee reiterated that Maseko had to depart with ‘immediate effect’ to pursue other interests. How much money MTN, Vodacom and Telkom’s bosses earn each day, Quarterly Employment Survey from Stats SA, How much the average employee gets paid at Vodacom vs Telkom vs MTN, Cape Town to introduce new alcohol proposals in the next few months, Expect 5 more years of load shedding for South Africa – these charts show why, Checkers fires warning at Pick n Pay and Woolworths over upper-income shoppers, UK’s updated ‘red list’ for travel causes more headaches for South Africans. This also includes the need to address the competition effects of the various spectrum arrangements that Vodacom … Sipho Maseko, Managing Director Vodacom South Africa and Vodacom Group Chief Operating Officer, said it is indeed a pleasure to announce the addition of a further five years to the partnership. But he was determined that … Maseko’s withering criticism of the commission comes after the regulator directed Vodacom and MTN to slash data prices by up to 50% and ordered all operators to offer a free daily allowance of “lifeline” data to all consumers, among other measures meant to … He is also the Chairman of the Board at BCX. For the financial year ended March 2019, Joosub saw his total package decrease by 24% in 2019 compared to the prior year, taking home a final pre-tax paycheque of R38.3 million (down from R50.3 million in 2018). 09 March 2021 - 19:09 Sipho Maseko. SA’s mobile CEOs reveal their smartphone choices. However, the company forms part of Blue Label Telcoms, which is also a listed entity in the South African telco space.