While the number of subscribers to DStv is declining in South Africa, the subscription fee increases annually to pay the high salaries of its senior officials.
Only a few of MultiChoice’s senior executives collectively earn more than R54 million a year.
The CEO, Calvo Mawela, receives R10.6 million a year and Tim Jacobs R8.4 million, but that does not include the many fringe benefits to which they are entitled.
What has not been taken into account are the stock options that the people are entitled to, which can amount to a fair amount.
A financial expert told Die Vryburger that partly explains why the TV packages of Multichoice are excessively expensive and the number of subscribers is declining.