Tech CEOs with the highest salaries in South Africa


The best-paid chief executive of a JSE-listed tech company in South Africa is Datatec CEO Jens Montanana, with an annual remuneration of R94 million.

On the other end of the scale, Telemasters CEO Jaco Voigt received a pay package of “only” R1.44 million in the last financial year.

There are two of the findings based on an analysis of the remuneration of CEOs of JSE-listed companies.

For this analysis, MyBroadband used information contained in the latest annual reports of South African IT and telecoms companies.

It should be noted that, due to different reporting periods, some of the salary packages in this report are from a year or two ago.

The median salary of tech CEOs in South Africa R4.98 million, which include basic salaries, bonuses, and other benefits.

The best-paid IT and telecoms CEOs in South Africa are Datatec CEO Jens Montanana, MTN CEO Rob Shuter, and Vodacom CEO Shameel Joosub.

The worst paid CEOs are Telemasters CEO Jaco Voigt, AYO Technology Solutions CEO Howard Plaatjes, and Ellies CEO Shaun Prithivirajh.

The executives’ annual remuneration loosely relates to the company’s size and market cap.

Vodacom and MTN, for example, have the largest market caps in this list. Telemasters and Ellies, in turn, have the smallest market caps.

Montanana’s large payday is an anomaly, but it can be explained by a once-off share incentive of $3,106,000 (R54,000,000).

The fact that Montanana’s salary was paid in US dollar, instead of rand, also makes his annual pay package look much bigger because of the weak rand.

The table below provides an overview of the annual pay packages of CEOs of JSE-listed IT and telecoms companies.

Tech CEO Salary Packages
NameNamePositionAnnual Remuneration
Jaco VoigtTelemastersCEOR1,440,000
Howard PlaatjesAYO Technology SolutionsCEOR2,676,000
Shaun PrithivirajhElliesCEOR2,946,000
Jaco SwanepoelSilverbridgeCEOR3,035,000
Zak CalistoCartrackCEOR3,487,000
Brian van RooyenLabat AfricaCEOR3,645,000
James HerbstHuge GroupCEOR3,998,059
Juergen DreselAlarisCEOR4,679,000
Pfungwa SerimaMetrofileCEOR4,716,000
Sbu ShabalalaAdapt ITCEOR4,846,444
Mark SmithCognitionCEOR4,980,000
David KanMustekCEOR8,018,000
Pierre SpiesAlvivaCEOR12,594,000
Brett LevyBlue LabelCEOR14,254,000
Mark LevyNet 1 UEPSCEOR14,254,000
Mteto NyatiAltronCEOR14,354,000
Stephen van CollerEOHCEOR19,026,000
Sipho MasekoTelkomCEOR21,817,046
Shameel JoosubVodacomCEOR43,446,398
Rob ShuterMTNCEOR58,234,000
Jens MontananaDatatecCEOR94,007,000

Now read: How much top tech CEOs earn in South Africa

Sourced from: MyBroadband. View the original article.


Did you know that we have just updated all our comparison sections?
There’s no better way to make an educated decision than to compare offers first!

Alternatively >>>Leave your detail<<< and have a few providers contact you!

**PS. If you are a Telecoms Reseller in South Africa be sure to check out Telecoms-Channel which is specifically designed to provide you with content, insight and analysis to establish yourself as an authority in the industry.**



Since 2009, has helped thousands of South African business to make better buying decisions for phone systems, VoIP and Fibre and Wireless internet connectivity. In this time, we’ve facilitated the connection of 50,000+ users through our network of 500+ telecoms providers.

If you need a quote on a telephone system, VoIP, or other business communication solutions, click here to get one in a flash.

Visit our website for the latest telecoms news in South Africa, advertising options, and our comprehensive provider directory.

We've helped thousands, now let's help you.

We are committed to helping you to make an educated buying decision, and finding the best telecoms partner for your business.

Compare VoIP Providers in South Africa