{"id":106487,"date":"2015-12-07T19:18:31","date_gmt":"2015-12-07T17:18:31","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=106487"},"modified":"2015-12-09T08:22:39","modified_gmt":"2015-12-09T06:22:39","slug":"top-20-best-paid-executives-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/106487\/top-20-best-paid-executives-in-south-africa\/","title":{"rendered":"Top 20 best paid executives in South Africa"},"content":{"rendered":"

The Sunday Times has released its Rich List for 2015, which includes the names of the 100 richest people in the country, as well as the 100 top earners.<\/p>\n

The list was compiled by Who Owns Whom, which extracted the shareholdings of executives in JSE listed companies, using market prices reflected on November 30, 2015.<\/p>\n

As part of the rankings, the group also tracked executives’ total remuneration packages for the 2014 financial year.<\/p>\n

Topping the remuneration ranking is Richemont SA joint-CEO, Bernard Fornas, who took home a total pay package of R88 million in 2014.<\/p>\n

Richemont SA’s other joint-CEO, Richard Lepeu, took home the third biggest amount in 2014, according to the Sunday Times’ criteria, with a total pay package of R85.1 million.<\/p>\n

Investec executive director Hendrik du Toit was the second-highest paid executive in 2015, with a significant performance bonus which took his final paycheque to R86 million for the year.<\/p>\n

The ranking uses reported salary data from each listed company’s 2014 annual reports. In the 2015 full year, SAB Miller CEO Alan Clark took home the rand equivalent of R150 million for the year – however his 2014 salaryw as only the 10th biggest at R49.7 million.<\/p>\n

20 highest paid executives in South Africa<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nExecutive<\/th>\nCompany and role<\/th>\nTotal earnings 2014 (R’000)<\/th>\n<\/tr>\n
1<\/td>\nBernard Fornas<\/td>\nCo-CEO Richemont SA<\/td>\n87 972<\/td>\n<\/tr>\n
2<\/td>\nHendrik du Toit<\/td>\nExecutive director Investec<\/td>\n86 068<\/td>\n<\/tr>\n
3<\/td>\nRichard Lepeu<\/td>\nCo-CEO Richemont<\/td>\n85 105<\/td>\n<\/tr>\n
4<\/td>\nMark Cutifani<\/td>\nCEO Anglo American<\/td>\n66 948<\/td>\n<\/tr>\n
5<\/td>\nDavid Hathorn<\/td>\nCEO Mondi<\/td>\n66 840<\/td>\n<\/tr>\n
6<\/td>\nNicandro Durante<\/td>\nCEO BAT<\/td>\n59 466<\/td>\n<\/tr>\n
7<\/td>\nDavid Constable<\/td>\nCEO Sasol<\/td>\n51 962<\/td>\n<\/tr>\n
8<\/td>\nGlyn Lewis<\/td>\nCEO Northam Platinum<\/td>\n51 471<\/td>\n<\/tr>\n
9<\/td>\nWhitey Basson<\/td>\nCEO Shoprite<\/td>\n49 972<\/td>\n<\/tr>\n
10<\/td>\nAlan Clark<\/td>\nCEO SAB Miller<\/td>\n49 734<\/td>\n<\/tr>\n
11<\/td>\nKevin Gallagher<\/td>\nOperations Director Murray & Roberts<\/td>\n48 932<\/td>\n<\/tr>\n
12<\/td>\nRene Medori<\/td>\nFinancial Director Anglo American<\/td>\n47 900<\/td>\n<\/tr>\n
13<\/td>\nGary Saage<\/td>\nCFO Richemont<\/td>\n46 716<\/td>\n<\/tr>\n
14<\/td>\nBen Stevens<\/td>\nFinancial Director BAT<\/td>\n46 353<\/td>\n<\/tr>\n
15<\/td>\nPeter Oswald<\/td>\nExecutive Director Mondi<\/td>\n46 095<\/td>\n<\/tr>\n
16<\/td>\nAndrew Mackenzie<\/td>\nCEO BHP Billiton<\/td>\n41 157<\/td>\n<\/tr>\n
17<\/td>\nFrederick Mostert<\/td>\nExecutive Director Richemont<\/td>\n39 829<\/td>\n<\/tr>\n
18<\/td>\nMarkus Jooste<\/td>\nCEO Steinhoff<\/td>\n38 492<\/td>\n<\/tr>\n
19<\/td>\nIngrid Johnson<\/td>\nFinancial Director Old Mutual<\/td>\n35 629<\/td>\n<\/tr>\n
20<\/td>\nSimon Crutchley<\/td>\nCEO AVI<\/td>\n34 393<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

According to the Sunday Times, the biggest winners were executives being paid by dual-listed companies, where the rand’s weakness in 2015 lead to favourable conversion rates in salary.<\/p>\n

In the local tech sector, former MTN CEO Sifiso Dabengwa’s R28 million pay in 2014 lead the charge (27th overall), followed by Datatec CEO Jen Montana with R19.3 million.<\/p>\n

More on wealth<\/h3>\n

Highest paid bosses in South Africa<\/a><\/strong><\/p>\n

Highest paid banking CEOs in South Africa<\/a><\/strong><\/p>\n

The world\u2019s highest-paid YouTube stars<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Sunday Times has released its Rich List for 2015, which includes the names of the 100 richest people in the country, as well as the 100 top earners.<\/p>\n","protected":false},"author":10,"featured_media":103689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10893,26,4564,3120],"class_list":["post-106487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-ceo-pay","tag-headline","tag-salary","tag-sunday-times"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/106487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=106487"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/106487\/revisions"}],"predecessor-version":[{"id":106595,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/106487\/revisions\/106595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/103689"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=106487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=106487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=106487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}