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Telkom shareholders pushed back on ex-CEO Sipho Maseko's R20m retention bonus

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Former Telkom CEO Sipho Maseko.
Former Telkom CEO Sipho Maseko.
Muntu Vilakazi

Some Telkom shareholders questioned the R20-million retention bonus paid to the company's former CEO Sipho Maseko, citing a "lack of rationale for such a large sum", which was made in two batches.

The company's annual report states that Maseko, who resigned last year and ceased his CEO responsibilities at the end of December, was paid R10 million in the 2021 financial year and another R10 million in the 2022 financial year.

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