Our Global Short Term Incentive Plan (GSTIP) is a discretionary cash bonus plan designed to drive exceptional performance across Vodacom and reward you for your commitment and contribution during the year.
The bonus calculation operates as follows
As calculated on 31 March 2023
This is a percentage of your GTCE
0% – 200%
Your business multiplier will be between 0% and 200%, and will be based on 70% local market and 30% Vodacom Group performance. The multiplier will be determined based on business measures and non-financial measures.
For Vodacom Group, the weighting is as follows:
Your performance measure will be weighted 70% Local Market and 30% Vodacom Group performance.
For performance below threshold there is no payout.
The performance under each measure, which is capped at 200%, will be multiplied by its relevant weighting to give a final business multiplier percentage.
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