MultiChoice released its first integrated annual report, which revealed that the company\u2019s executives received excellent pay packages over the last year.<\/p>\n
MultiChoice Group listed on the JSE on 27 February 2019, with its share price starting at R95 when the market opened.<\/p>\n
The MultiChoice share price currently sits at around R134 per share, which means the company has produced an excellent return for shareholders.<\/p>\n
This strong performance is reflected in the remuneration of the company\u2019s executives who received great salaries and bonuses.<\/p>\n
MultiChoice\u2019s executive chair Imtiaz Patel received a salary package of $1.463 million, which equates to around R21 million.<\/p>\n
MultiChoice CEO Calvo Mawela received a salary package of R10.623 million, while the company\u2019s CFO Tim Jacobs received R8.449 million.<\/p>\n
It should be noted that these salary packages exclude share options, which further increase the real income of these executives.<\/p>\n
The table below provides an overview of MultiChoice\u2019s executive salaries for the past financial year.<\/p>\n
| Executive<\/th>\n | Salary (US$)<\/th>\n | Salary (ZAR)<\/th>\n<\/tr>\n |
|---|---|---|
| Imtiaz Patel (Executive chair)<\/td>\n | $1.463 million<\/td>\n | R20.722 million<\/td>\n<\/tr>\n |
| Brand de Villiers (COO)<\/td>\n | $1.020 million<\/td>\n | R14.464 million<\/td>\n<\/tr>\n |
| Calvo Mawela (CEO)<\/td>\n | –<\/td>\n | R10.623 million<\/td>\n<\/tr>\n |
| Tom Jacobs (CFO)<\/td>\n | –<\/td>\n | R8.449 million<\/td>\n<\/tr>\n |
Total<\/strong><\/td>\n| <\/td>\n | R54.258 million<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n | \n |