Recently South Africa’s telecommunications companies have published their financial results for the financial year of 2021. Big and small, it appears there is no slowing them down as, despite some hiccups here and there as reflected by ICASA’s latest STate of ICT Report, telecommunications companies appear to be smiling all the way to the bank.

Reflective of the growing riches within South Africa’s telecommunications sector, even in the middle of the COVID-19 pandemic, the country’s telecommunications companies have revealed larger executive pay packages for the 2021 financial year. Just like the oil sector dominated economies in previous decades, the telecommunications sector is doing that post-2000.

Coming out on top as the highest earner is MTN Group CEO, Ralph Mupita. Mupita earned R84,2 million in total salary (approximately $5,1 million) for the 2021 financial year Mupita’s salary for the reporting year is up 133 % over the previous year with MTN Group stating that it is partly because of the better company performance during the 2021 financial year. Read the full story.

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Telecommunications is the new oil

Reflective of the growing riches within South Africa's telecommunications sector, even in the middle of the COVID-19 pandemic, the country's telecommunications companies have revealed larger executive pay packages for the 2021 financial year.

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