Sanral executives share R26 million pay
South African National Roads Agency Limited’s (Sanral) directors and management shared a remuneration of R26.4 million in 2014, up from R19.4 million in 2013, and R12 million in 2012.
This is according to the state owned company’s annual report for the period ended March 2014.
The 36% pay jump happened despite the roads agency reporting a loss of R2.77 billion, after deducting finance costs, down from a prior profit of R1 billion in 2013.
Sanral reported a revenue slide 24% to R8.55 billion in 2014, from R11.86 billion before, and an operating loss of R175.9 million, from a prior profit of R4 billion in 2013.
Sanral is facing heavy criticism following the implementation of an e-toll system in Gauteng in December 2013, which has by and large been rejected by motorists and is now being debated under the order of Gauteng’s premier, David Makhura.
The panel is set to present its findings in November.
Sanral CEO Nazir Alli, took home a total of R3.6 million in 2014, up from R3.06 million in 2013. His pay included a basic salary of R2.01 million, and a performance payments & long service award’ of R1.067 million.
Sanral Executive director pay
Eight non-executive directors pocketed R4.105 million in 2014, while a further eight executive members shared R14.58 million.
Sanral Non-Executive director pay
Sanral Executive pay
More on Sanral
Sanral wins international employer award
Loading ...