How much MTN bosses get paid MTN Group CEO Rob Shuter was paid R58.2-million in the 2019 financial year, a 35.7% increase on his total remuneration for 2018, but even these generous rewards were not enough to keep him — he announced on 11 March that he would step down in a year’s time. Shuter earned a base salary of R17.3-million, according to the group’s 2019 integrated report, which was published on Tuesday. On top of that, he received R1.8-million in post-employment benefits; R1.1-million in “other benefits”; R27.6-million in bonuses; and R10.4-million long-term incentives, which vested in December 2019. Chief financial officer Ralph Mupita, who is regarded as a strong candidate to take the reins from Shuter when he steps down next year, took home even more: total remuneration of a whopping R66.3-million. Source: MTN integrated report 2019 Much of Mupita’s remuneration took the form of “other benefits”, mostly related to a special “cash-settled on-boarding in...
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