Vodacom CEO salary increased by 530% from R22 million to R137 million while the share price declined by 10%

Vodacom CEO's 530% salary hike has sparked outrage among investors, who are left wondering how the company's 10% decline in share price can be justified. The massive increase, from R22 million to R137 million, has raised concerns that executives' incentives no longer align with shareholder interests, a trend that has been evident since the company's listing on the Johannesburg Stock Exchange in 2009, which saw its shares open at R59.50 per share.