What SA’s tech CEOs earn
Datatec's Jens Montanana is the highest earning CEO among JSE-listed technology companies that have a market capitalisation of above R1bn. By Duncan McLeod.
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.
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.
The full breakdown of the top companies’ pay is in the table below. — (c) 2012 NewsCentral Media
|Name||Company||Year||Basic||Bonus||Other benefits||Total||12-month share price performance|
|Jens Montanana||Datatec||FY12||$1,136m (R9,315 at R8,20/$)||$1,623m (R13,308m)||$205 000 (R1,681m)||$2,964m (R24,305m)||+27,8%|
|Pieter Uys||Vodacom||FY12||R7,158m||R9,427m||R13 000||R16,524m||+14,1%|
|Craig Venter||Altech||FY12||R5,217m||R1,204m||R953 000||R7,374m||-16,9%|
|Mark Levy||Blue Label Telecoms||FY11||R5,965m||-||R84 000||R6,049m||+29,5%|
|Brett Levy||Blue Label Telecoms||FY11||R5,958||-||R91 000||R6,049m||+29,5%|
|Benjamin Mophatlane||Business Connexion||FY11||R4,924m||-||R78 000||R5,002m||0%|