MTN has published its 2017 annual report for last year.

According to the telco company’s 2017 annual report, MTN CEO Rob Shuter has in his first 10 months on the job earned almost $400,000.

A new management team was initiated by the company during the difficult year which made it difficult for them to pay off their record fine in Nigeria.

The report, published on Thursday, reveals that Rob Shuter who isnthe MTN’s new group CEO, pockets R40.5m ($338,000) as salary, bonuses and other benefits and was given share incentive grants worth another R40.9m. These grants will mature in March 2020.

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