We offer fair and competitive compensation to attract, retain and reward our committed and talented people.
Landscape and eligibility
Pay for performance: executive directors
| Mrs N Shiluvana was appointed as Group Financial Director on 1 August 2023 and no LTI vested during this period. TCC of R3.8 million. | |
| * | Maximum LTI is depicted as the Famous Brands annual award quanta. LTI on target is depicted as 50% of the maximum. |
| ** | Actual 2024 values are earnings in the reporting period. |
| *** | DJ Fredericks retired as Group Financial Director on 31 July 2023, refer here for remuneration. |
Compensation details are in the implementation report.
Important abbreviations and definitions |
Financial indicators |
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| TCC: Total cost to company = Base salary + medical insurance + retirement fund + benefits Base salary: TCC – medical insurance – retirement fund – benefits STI: Short-term incentive LTI: Long-term incentive 13th cheque: One month’s TCC |
SARs: Share appreciation rights Executive directors: The CEO and the Group Financial Director Executive Committee (Exco): For the purposes of the remuneration report, this excludes executive directors Executive management team includes the executive directors and Exco |
EBITDA: Earnings before interest, tax, depreciation and amortisation HEPS: Headline earnings per share ROCE: Return on capital employed TSR: Total shareholder return VWAP: Volume-weighted average price WACC: Weighted average cost of capital |