As of Monday, Bob van Dijk is no longer the CEO of Naspers and Prosus. However, over his 9-year tenure at the helm, he received over R1.5 billion in salaries, bonuses, and long-term incentives. Averaged out over his entire tenure, this works out to be more than R470,000 a day

Khokhela’s Actual / Predicted Increase Survey for 2022 shows that the average increase in salaries for 2022 was 5.3%.

Khokhela Actual / Predicted Increase Survey for 2021 shows that the average increase in salaries for 2021 was 4.4%.

Executive remuneration received some very important pointers for South African companies to take note of. Stakeholder capitalism was a key topic at Davos and received support from many CEO’s who attended the WEF.

Khokhela Consulting’s Actual / Predicted Increase Survey for 2018 shows that average increases on Basic Salary were 6.6% and Total Package 6.0%.

The Directors Remuneration report by Khokhela, a specialist remuneration consultancy, has been produced annually since 2009. It highlights and analyses the remuneration paid to directors of JSE-listed companies with an annual turnover of R200m or more.

Government getting involved in what is essentially private companies owned by shareholders and not the state is very worrying. The start may seem mild but once started who knows where it will go.

Owing to the poor performance of the South African and global economies, 2009 to 2012 were tough years for executives, with the realisation of, on average, a 4.3% increase in guaranteed packages (GPs), Khokela MD Laurence Grubb says.