An analysis of the annual reports of SA’s top technology companies — those with a market capitalisation above R1bn — show that Datatec CEO Jens Montanana is the highest paid CEO, at least among companies listed on the JSE. Montanana pipped MTN Group CEO Sifiso Dabengwa to the post, earning nearly US$3m in salary, bonuses and other benefits in the 2012 financial year.
Montanana’s take-home pay, when converted into rand at the current exchange rate of R8,20/$, was R24,3m, made up of $1,1m (R9,3m) in basic salary, $1,6m (R13,3m) in bonuses and a further $205 000 (R1,7m) in other benefits. Dabengwa, in the financial year to 31 December 2011, hauled in R22,5m, of which R14m was a performance-related bonus and R7,1m was in basic salary.
Vodacom Group CEO Pieter Uys completed the top three in the earnings stakes, taking home R16,5m in the 2012 financial year. Uys’s payment included a performance-related bonus of R9,4m.
EOH CEO Asher Bohbot was the poorest paid of tech company CEOs that have a market valuation north of R1bn. He took home R3,1m, including a bonus of R1,3m. However, for the sake of simplicity, TechCentral’s comparisons do not include gains from stock options. In the 2011 financial year, Bohbot received R13,8m through the exercising of share options.
Telkom is excluded from the comparisons as its most recent report, for the 2011 financial year, reflects only the pay of now long-departed CEO Reuben September.
The full breakdown of the top companies’ pay is in the table below. — (c) 2012 NewsCentral Media
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