Is CEO compensation in South Africa out of control?

It has been revealed in an investigation done by accountants firm COMPUTUS, not only that CEO compensation in South Africa is out of control, but that CEOs operating in the telecoms industry in South Africa are on average earning R11.5 million each in remuneration per annum.

The worker is worthy of his pay…

Yes, the worker is worthy of his pay, but it’s clear that CEO compensation in South Africa, especially the compensation of CEOs in the telecoms industry, is way out of control when compared to the ‘peanuts’ the Average Joes have to be satisfied with.

If one considers the above-mentioned figure of R11.5 million then one can understand why many Average Joes get hot under the collar when they learn of this. To give our fellow Average Joes some perspective, while we at ADSL South Africa (Broadband South Africa) are not up to date with the salaries average workers are getting paid in the telecoms sector, we can tell you with confidence that it’s possible to employ at least 115 people as Bank Tellers at one of our local banks for R11.5 million per annum! We’re sure that many will agree with us when we say that CEO compensation of a million or even R2 million per annum is acceptable from a South African point of view, but AVERAGE compensation in the vicinity of R11.5 million per annum per CEO is a bit steep...

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Vox Telecom: New and innovative products and services

Vox Telecom’s share price currently trades at about 34c per share, but whether this places a fair value on the group’s worth is debatable. It is no secret that Vox and many other players in the telecoms market are facing tough times, but Vox is clearly not taking any of it by sitting down if one considers all the new products and services that they’ve launched or plan to launch in the months to come.

New and innovative products and services…

Vox has launched and is planning to launch many new and innovative products and services...

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ADSL Broadband: Is a Telkom 10Mbps ADSL speed upgrade imminent?

One cannot help to ask the above question after it has emerged that many Telkom ADSL subscribers are already enjoying ADSL Broadband at speeds of up to 10Mbps. Telkom denies that they’ve started an ADSL speed upgrade, and has so far largely refused to comment on rumours, but it’s clear that the chances of a 10Mbps ADSL speed upgrade in the immediate future have increased tenfold...

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Mobile Broadband: Vodacom announces more rate cuts

Vodacom is heating up the Mobile Broadband market quite nicely, especially if one considers the ample rate cuts Vodacom has announced in terms of the Broadband Advanced packages they plan to ‘re-introduce’ later this month.

Broadband Advanced rate cuts of up to 36%…

Vodacom has recently announced that they are not only planning to ‘re-introduce’ their Broadband Advanced packages (500MB, 1GB and 2GB) later this month, but also at rates that are up to 36% lower than before.

In fact, the Broadband Advanced rate cuts planned by Vodacom will under cut MTN’s Mobile Broadband rates (assuming that MTN’s rates stay the same until month end), and although not significantly, it should force MTN to consider cutting their Mobile Broadband rates as well. This is despite the fact that MTN still offers better value for money when one considers MTN’s overall value proposition...

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ADSL Broadband: Web Africa cuts ADSL prices

ADSL Broadband price cuts are always welcomed and it’s not different this time around. Web Africa has recently dropped their per GB ADSL Broadband prices to very reasonable levels.

R10 per GB ADSL…

It seems that Web Africa has taken note of calls to join the broadband price cut party in a more splendid manner, especially after the first salvo of ADSL price cuts by them earlier this year triggered criticism.

The above is especially true if one considers that they have dropped their per GB ADSL prices to as low as R10 through the unveiling of their ‘Titan DSL Specials’ recently. In addition, Web Africa has decided to drop the ADSL top-up rate to R15 per GB for their data and complete subscribers. The ADSL top-up rate refers to the rate one pays per GB if one wishes to top up one’s ADSL Broadband bandwidth. This normally happens when one’s regular/fixed monthly bandwidth allocation or ADSL Cap is depleted or reached...

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