Executives at MTN Group have received millions of rand in shares as part of the firm’s performance share plan.
Browsing: Tsholofelo Molefe
MTN Group CEO Ralph Mupita earned almost R15-million less last year than he did in 2021, but still walked away with R69.3-million in remuneration.
Mobile operators including Vodacom, MTN and Telkom, are scrambling to ensure their networks stay up and running.
MTN Group has settled $300-million in Eurobonds that were due in 2024 early, helping deleverage its balance sheet.
MTN Group CEO Ralph Mupita earned total remuneration in the 2021 financial year of R84.2-million – and he wasn’t the only top executive handsomely rewarded.
Telkom on Friday said Dirk Reyneke will replace chief financial officer Tsholofelo Molefe, who resigned in December to join MTN Group, also as CFO.
Telkom’s group chief financial officer, Tsholofelo Molefe, has resigned with immediate effect to take the role of chief financial officer at rival MTN Group, where she will take on CEO Ralph Mupita’s old job.
Telkom chief financial officer Tsholofelo Molefe has followed CEO Sipho Maseko’s lead in offloading shares in the telecommunications company following publication of its interim results last week.
Telkom Group CEO Sipho Maseko has taken a haircut to his remuneration in the 2020 financial year after no short-term incentives were paid to executive directors.
Tsholofelo Molefe will take over as Telkom’s group chief financial officer on 1 July, replacing long-serving company executive Deon Fredericks, who moves into the newly created role of chief investment officer