Executives at local telecommunications company Telkom are taking home higher pay while its lower level employees face job cuts and possible salary freezes.
For the financial year ending March 2015, Sipho Maseko's total remuneration jumped to R12.3m from R11.7m in 2014, according to Telkom's 2015 Integrated Report. This means that the Telkom CEO earned more than Vodacom chief executive Shameel Joosub who took home R10.9m total remuneration for the same period, according to Vodacom's integrated report for 2015.
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