Newly appointed Vodacom SA MD Sipho Maseko has been awarded 74 142 shares in the telecommunications group at an average price of R90,37/share, making the allocation worth R6,7m.
The shares vest on 25 November 2014.
Maseko, who was formerly CEO of BP Southern Africa, took the reins at Vodacom’s biggest operating subsidiary on 1 September following the departure of long-serving Vodacom executive Shameel Joosub. He was also appointed to the Vodacom Group board.
Joosub is now MD of Vodafone in Spain. Vodafone, which is headquartered in the UK, owns 65% of Vodacom. — Staff reporter, TechCentral
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