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Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2019

CHAPTER 1: THE YEAR IN BRIEF

CHAPTER 2: REPORTS

CHAPTER 3: SEGMENTAL REPORTING

CHAPTER 4: FINANCIAL STATEMENTS

CHAPTER 5: EARNINGS

CHAPTER 6: OPERATIONAL PERFORMANCE AND WORKING CAPITAL

CHAPTER 7: TAXATION

CHAPTER 8: BUSINESS ENVIRONMENT AND PORTFOLIO CHANGES

CHAPTER 9: ASSOCIATES AND JOINT ARRANGEMENTS

CHAPTER 10: ASSETS

CHAPTER 11: LEASES

CHAPTER 12: FUNDING

CHAPTER 13: PROVISIONS AND CONTINGENCIES

CHAPTER 14: PEOPLE

CHAPTER 15: RELATED PARTIES

CHAPTER 16: FINANCIAL INSTRUMENTS

CHAPTER 17: SUBSIDIARIES

CHAPTER 18: COMPLIANCE

CHAPTER 19: ANNEXURES

CHAPTER 20: ACRONYMS

Currently viewing: CHAPTER 14 / 14.5 Directors' and prescribed officers' remuneration

14.5 Directors' and prescribed officers' remuneration

14.5

Directors' and prescribed officers' remuneration
 

14.5.1 REMUNERATION POLICY

The remuneration and nomination committee has a defined mandate from the board of directors aimed at:

  • Ensuring that the chairman, directors and senior executives are fairly rewarded for their individual contributions to the group's overall performance
  • Ensuring that the remuneration strategies and packages, including the incentive schemes, are related to performance, are suitably competitive and give due regard to the interests of the shareholders and the financial and commercial health of the group.

14.5.2 SUMMARY OF REMUNERATION

  NCOE/guaranteed remuneration plus circumstantial   Short-term
incentives 		  Long-term
incentives 		 
2019 Basic salary
R		 Benefits and  
allowances1
R  		 Retirement
fund
contributions
R		   Performance  
bonuses2
R  		   Gains on
management
share
schemes
R		  
Executive directors                
MDM Mgojo 6 486 212 280 522   643 867   2 741 922     34 428 706  
PA Koppeschaar 4 854 024 309 793   460 515   1 799 786     12 659 608  
Total executive directors' remuneration 11 340 236 590 315   1 104 382   4 541 708     47 088 314  
Prescribed officers                
V Balgobind 2 971 413 116 443   276 033   840 972     10 587 466  
AW Diedericks 3 518 255 138 630   347 959   1 001 211     9 725 567  
JG Meyer 3 458 218 323 357   359 824   1 035 350     8 289 737  
MI Mthenjane 3 520 464 90 392   306 127   979 246     7 938 277  
Dr N Tsengwa 3 839 646 196 403   337 795   1 399 630     11 406 949  
SE van Loggerenberg 2 025 991 77 696   140 844   448 906     1 430 620  
M Veti 3 478 545 38 138   346 741   965 856     7 971 587  
Total prescribed officers' remuneration 22 812 532 981 059   2 115 323   6 671 171     57 350 203  
  Other                
2019 Recognition3
R  		 Other4
R  		   Total
remuneration
R		 Exit payment 
accrual 
(TVP)
R 		 Share-based  
payment  
expense5
R  		 Gains on 
management 
share  schemes 
R 		 Total
remuneration
expense
R		  
Executive directors                  
MDM Mgojo 5 260   44 586 489 14 472 298   (34 428 706) 24 630 081  
PA Koppeschaar 5 260       20 088 986   6 596 259   (12 659 608) 14 025 637  
Total executive directors' remuneration 10 520       64 675 475   21 068 557    (47 088 314) 38 655 718  
Prescribed officers                   
V Balgobind 5 260   14 797 587 3 191 465   (10 587 466) 7 401 586  
AW Diedericks 5 260   14 736 882 12 486 277 3 982 538   (9 725 567) 21 480 130  
JG Meyer 5 260   13 471 746 3 617 940   (8 289 737) 8 799 949  
MI Mthenjane 5 260   50 315     12 890 081 3 390 031   (7 938 277) 8 341 835  
Dr N Tsengwa 10 760   17 191 183 5 123 836   (11 406 949) 10 908 070  
SE van Loggerenberg 10 760   4 134 817 1 253 412    (1 430 620) 3 957 609  
M Veti 5 260   12 806 127 3 424 772   (7 971 587) 8 259 312  
Total prescribed officers' remuneration 47 820   50 315     90 028 423 12 486 277 23 983 994    (57 350 203) 69 148 491  
2019 Fees for
services
R		 Benefits and
allowances
R		 Total
R		  
Non-executive directors        
GJ Fraser-Moleketi 938 235 5 478 943 713  
MW Hlahla6 600 413 600 413  
D Mashile-Nkosi7 414 415 414 415  
L Mbatha 702 899 702 899  
VZ Mntambo 638 068 638 068  
MJ Moffett 923 063 923 063  
LI Mophatlane 1 045 616 2 913 1 048 529  
EJ Myburgh 1 168 912 1 168 912  
V Nkonyeni 956 784 21 879 978 663  
J van Rooyen (chairman) 2 016 072 2 016 072  
A Sing 787 867 787 867  
PCCH Snyders 1 041 060 55 472 1 096 532  
Total non-executive directors' remuneration 11 233 404 85 742 11 319 146  
1 Includes leave days purchased as well as travel and acting allowances.
2 All incentive schemes are performance related and were approved by the board of directors.
3 Comprise long-service awards, zero-fatality and LTIFR rewards.
4 Includes leave encashments.
5 Amount recognised for share-based payment expenses, in terms of IFRS 2, in respect of equity-settled share-based payment schemes for services rendered during the year. The employee will only be entitled to the options once all vesting conditions have been met.
6 Resigned on 31 December 2019.
7 Resigned on 11 October 2019.

Retirement amounts relate to defined contribution retirement funds.

  NCOE/guaranteed remuneration plus circumstantial   Short-term incentives   Long-term incentives  
2018 Basic salary
R		 Benefits and  
allowances1
R  		   Retirement fund contributions R   Performance   bonuses2
R  		  
Executive directors              
MDM Mgojo 6 075 096 256 007     602 416   3 321 854    
PA Koppeschaar 4 473 432 285 795     404 646   2 215 820    
Total executive directors' remuneration 10 548 528 541 802     1 007 062   5 537 674    
Prescribed officers              
V Balgobind 2 739 781 138 541     257 302   1 126 004    
AW Diedericks 3 354 277 132 168     331 741   1 371 114    
JG Meyer 3 241 941 314 835     338 434   1 398 774    
MI Mthenjane 3 368 508 86 491     292 914   1 345 878    
Dr N Tsengwa 3 467 947 287 891     314 343   1 746 518    
SE van Loggerenberg 1 874 212 87 450     131 336   646 948    
M Veti 3 325 151 42 654     328 861   1 327 476    
Total prescribed officers' remuneration 21 371 817 1 090 030     1 994 931   8 962 712    
  Other                
2018 Gains on management share schemes R Recognition3
R  		   Other4
R  		 Total remuneration R Share-based  
payment  
expense5
R  		 Gains on 
management 
share  schemes 
R 		 Total
remuneration
expense
R		  
Executive directors                  
MDM Mgojo 15 701 939 5 260     194 980   26 157 552 18 256 374   (15 701 939) 28 711 987  
PA Koppeschaar 4 057 988 10 760       11 448 441 6 374 540   (4 057 988) 13 764 993  
Total executive directors' remuneration 19 759 927 16 020     194 980   37 605 993 24 630 914   (19 759 927) 42 476 980  
Prescribed officers                  
V Balgobind 1 669 362 5 260     1 696   5 937 946 4 293 048   (1 669 362) 8 561 632  
AW Diedericks 4 700 652 5 260   9 895 212 5 144 381   (4 700 652) 10 338 941  
JG Meyer 4 670 528 5 260   9 969 772 4 776 715   (4 670 528) 10 075 959  
MI Mthenjane 3 874 158 6 260   8 974 209 4 418 027   (3 874 158) 9 518 078  
Dr N Tsengwa 3 770 366 9 000     60 942   9 657 007 5 451 119   (3 770 366) 11 337 760  
SE van Loggerenberg 698 287 21 310   3 459 543 1 170 137   (698 287) 3 931 393  
M Veti 4 364 615 6 260   9 395 017 4 456 700   (4 364 615) 9 487 102  
Total prescribed officers' remuneration 23 747 968 58 610     62 638   57 288 706 29 710 127   (23 747 968) 63 250 865  

 

2018 Fees for
services
R		 Benefits and
allowances
R		 Total
R		  
Non-executive directors        
S Dakile-Hlongwane6 44 731 44 731  
Dr CJ Fauconnier7 365 317 7 105 372 422  
GJ Fraser-Moleketi8 452 448 6 164 458 612  
MW Hlahla9 430 791 430 791  
Dr D Konar7 608 524 608 524  
D Mashile-Nkosi10 351 335 1 100 352 435  
S Mayet7 168 215 1 100 169 315  
L Mbatha10 454 453 9 641 464 094  
VZ Mntambo9 582 452 582 452  
MJ Moffett8 429 745 429 745  
LI Mophatlane8 618 419 4 841 623 260  
EJ Myburgh 818 481 17 503 835 984  
V Nkonyeni 767 230 18 275 785 505  
MF Randera6 80 534 3 159 83 693  
J van Rooyen (chairman) 1 494 465 1 494 465  
A Sing10 566 327 2 410 568 737  
PCCH Snyders 751 525 70 633 822 158  
D Zihlangu6 91 633   91 633  
Total non-executive directors' remuneration 9 076 625 141 931 9 218 556  
1 Includes leave days purchased as well as travel and acting allowances.
2 All incentive schemes are performance related and were approved by the board of directors.
3 Comprise long-service awards, zero-fatality and LTIFR rewards.
4 Includes leave encashments.
5 Amount recognised for share-based payment expenses, in terms of IFRS 2, in respect of equity-settled share-based payment schemes for services rendered during the year. The employee will only be entitled to the options once all vesting conditions have been met.
6 Resigned on 6 March 2018..
7 Retired on 24 May 2018.
8 Appointed on 23 May 2018.
9 Resigned and reappointed on 6 March 2018.
10 Appointed on 6 March 2018.

Retirement amounts relate to defined contribution retirement funds.

14.5.3 INTEREST IN EXXARO SHARES

(i) Number of shares

  2019   2018  
Directors at 31 December Direct Indirect   Direct Indirect  
Beneficial interest            
PA Koppeschaar 33 089     15 325
D Mashile-Nkosi1         4 225 088  
MDM Mgojo 248 671 4 671 041     4 671 041  
VZ Mntambo   4 448 839     4 448 839  
Non-beneficial interest            
PA Koppeschaar   5 755     690  
MDM Mgojo 27 484     35 984  

1 Resigned on 11 October 2019.

(ii) Percentages (direct and indirect)

Directors at 31 December 2019
%		 2018
%
PA Koppeschaar 0.01
D Mashile-Nkosi1   1.18
MDM Mgojo 1.38 1.30
VZ Mntambo 1.24 1.24

1 Resigned on 11 October 2019.

There have been no changes in the directors' interests in Exxaro shares between the end of the financial year 2019 and the date on which the annual financial statements were approved.

14.5.4 SHARE OPTIONS AND RESTRICTED SHARE AWARDS

The following options and rights in shares in the company were exercised or are outstanding in favour of directors and prescribed officers of the company under the company's share option schemes:

Management share scheme – LTIP

2019 Rights
held at
31 December
Number		 Exercisable
period		 Proceeds if  
exercisable at  
31 December1
R  		 Pre-tax gain if  
exercisable at  
31 December1
R  		 Modification  
during  
the year2
Number  		 Options
exercised
during
the year
Number		 Shares  
forfeited3
Number  		 Sale price/
market
price
R		 Pre-tax
gain
R		 Date
exercised
Executive directors                    
MDM Mgojo 01/04/2019 190 337 16 051   164.78 31 363 731 01/04/2019
148 289 01/04/2020 19 446 619   19 446 619   8 381            
161 974 01/04/2021 21 241 270   21 241 270   9 154            
111 942 01/04/2022 14 680 074   14 680 074              
422 205   55 367 963   55 367 963   17 535   190 337 16 051     31 363 731  
PA Koppeschaar   01/04/2019       47 744 4 026   164.78 7 867 256 01/04/2019
  01/09/2019     2 174   35 470 2 991   135.11 4 792 352 09/09/2019
64 366 01/04/2020 8 440 957   8 440 957   3 638            
76 047 01/04/2021 9 972 804   9 972 804   4 298            
52 605 01/04/2022 6 898 620   6 898 620              
193 018   25 312 381   25 312 381   10 110   83 214 7 017     12 659 608  
Prescribed officers                    
V Balgobind   01/04/2019       38 416 3 239   164.78 6 330 188 01/04/2019
  01/04/2019       21 760   164.78 3 585 613 01/04/2019
28 974 01/04/2020 3 799 650   3 799 650   1 638            
32 148 01/04/2021 4 215 889   4 215 889   1 817            
22 218 01/04/2022 2 913 669   2 913 669              
83 340   10 929 208   10 929 208   3 455   60 176 3 239     9 915 801  
AW Diedericks   01/04/2019       49 547 4 178   164.78 8 164 355 01/04/2019
36 623 01/04/2020 4 802 740   4 802 740   2 070            
38 687 01/04/2021 5 073 413   5 073 413   2 187            
26 362 01/04/2022 3 457 113   3 457 113              
101 672   13 333 266   13 333 266   4 257   49 547 4 178     8 164 355  
JG Meyer   01/04/2019       49 547 4 178   164.78 8 164 355 01/04/2019
36 623 01/04/2020 4 802 740   4 802 740   2 070            
39 720 01/04/2021 5 208 881   5 208 881   2 245            
27 323 01/04/2022 3 583 138   3 583 138              
103 666   13 594 759   13 594 759   4 315   49 547 4 178     8 164 355  
MI Mthenjane   01/04/2019       48 175 4 062   164.78 7 938 277 01/04/2019
35 948 01/04/2020 4 714 221   4 714 221   2 032            
37 975 01/04/2021 4 980 042   4 980 042   2 147            
25 754 01/04/2022 3 377 380   3 377 380              
99 677   13 071 643   13 071 643   4 179   48 175 4 062     7 938 277  
Dr N Tsengwa   01/04/2019       41 673 3 514   164.78 6 866 877 01/04/2019
01/05/2019 24 867 2 097   162.84 4 049 342 10/05/2019
54 179 01/04/2020 7 105 034   7 105 034   3 062            
58 762 01/04/2021 7 706 049   7 706 049   3 321            
40 991 01/04/2022 5 375 560   5 375 560              
153 932   20 186 643   20 186 643   6 383   66 540 5 611     10 916 219  
SE van Loggerenberg   01/04/2019       8 682 732   164.78 1 430 620 01/04/2019
6 562 01/04/2020 860 541   860 541   371            
7 630 01/10/2020 1 000 598   1 000 598   432            
16 187 01/04/2021 2 122 763   2 122 763   915            
11 146 01/04/2022 1 461 686   1 461 686              
41 525   5 445 588   5 445 588   1 718   8 682 732     1 430 620  
M Veti   01/04/2019       47 968 4 045   164.78 7 904 167 01/04/2019
35 456 01/04/2020 4 649 700   4 649 700   2 004            
37 455 01/04/2021 4 911 849   4 911 849 2 117          
25 402 01/04/2022 3 331 218   3 331 218            
98 313   12 892 767   12 892 767 4 121 47 968 4 045     7 904 167  
1 Based on a share price of R137.87 which prevailed on 31 December 2018.
2 A modification was made to the LTIP scheme during 2018 which resulted in a top-up in the number of rights employees are entitled to.
3 Shares forfeited due to performance conditions not being fully met.
2018 (restated) Rights
held at
31 December
Number		 Exercisable
period		 Proceeds if  
exercisable at  
31 December1
R  		 Pre-tax gain if  
exercisable at  
31 December1
R  		 Modification  
during  
the year2
Number  		 Options
exercised
during
the year
Number		 Shares  
forfeited3
Number  		 Sale price/
market
price
R		 Pre-tax
gain
R		 Date
exercised
Executive directors
MDM Mgojo 01/04/2018 6 105   74 925 106.43 7 974 268 03/04/2018
01/05/2018 5 667   69 556 111.10 7 727 672 04/05/2018
206 388 01/04/2019 28 454 714   28 454 714   16 816  
139 908 01/04/2020 19 289 116   19 289 116   11 399  
152 820 01/04/2021 21 069 293   21 069 293  
499 116 68 813 123   68 813 123   39 987   144 481 15 701 940
PA Koppeschaar 01/04/2018     2 940   36 077 106.43 3 839 675 03/04/2018
51 770 01/04/2019 7 137 530   7 137 530   4 218  
36 287 01/09/2019 5 002 889   5 002 889   2 957  
60 728 01/04/2020 8 372 569   8 372 569   4 948  
71 749 01/04/2021 9 892 035   9 892 035  
220 534 30 405 023   30 405 023   15 063   36 077 3 839 675
Prescribed officers
V Balgobind 01/04/2018 170   2 085 4 468   106.43 221 907 03/04/2018
01/04/2018 1 063   13 045 106.43 1 388 379 03/04/2018
41 655 01/04/2019 5 742 975   5 742 975   3 394  
21 760 01/04/2019 3 000 051   3 000 051   1 773  
27 336 01/04/2020 3 768 814   3 768 814   2 228  
30 331 01/04/2021 4 181 735   4 181 735  
121 082 16 693 575   16 693 575   8 628   15 130 4 468   1 610 286
AW Diedericks 01/04/2018 3 051   37 438 106.43 3 984 526 03/04/2018
53 725 01/04/2019 7 407 066   7 407 066   4 378  
34 553 01/04/2020 4 763 822   4 763 822   2 816  
36 500 01/04/2021 5 032 255   5 032 255  
124 778 17 203 143   17 203 143   10 245   37 438 3 984 526
JG Meyer 01/04/2018 3 051   37 438 106.43 3 984 526 03/04/2018
53 725 01/04/2019 7 407 066   7 407 066   4 378  
34 553 01/04/2020 4 763 822   4 763 822   2 816  
37 475 01/04/2021 5 166 678   5 166 678  
125 753 17 337 566   17 337 566   10 245   37 438 3 984 526
MI Mthenjane 01/04/2018 2 966   36 401 106.43 3 874 158 03/04/2018
52 237 01/04/2019 7 201 915   7 201 915   4 256  
33 916 01/04/2020 4 675 999   4 675 999   2 764  
35 828 01/04/2021 4 939 606   4 939 606  
121 981 16 817 520   16 817 520   9 986   36 401 3 874 158
Dr N Tsengwa 01/04/2018 2 566   31 488 106.43 3 351 268 03/04/2018
45 187 01/04/2019 6 229 932   6 229 932   3 682  
26 964 01/05/2019 3 717 527   3 717 527   2 197  
51 117 01/04/2020 7 047 501   7 047 501   4 165  
55 441 01/04/2021 7 643 651   7 643 651  
178 709 24 638 611   24 638 611   12 610   31 488 3 351 268
SE van Loggerenberg 01/04/2018 535 6 561 106.43 698 287 03/04/2018
9 414 01/04/2019 1 297 908   1 297 908   767  
6 191 01/04/2020 853 553   853 553   505  
7 198 01/10/2020 992 388   992 388   587  
15 272 01/04/2021 2 105 551   2 105 551  
38 075 5 249 400   5 249 400   2 394   6 561 698 287
M Veti 01/04/2018 2 953   36 244 106.43 3 857 449 03/04/2018
52 013 01/04/2019 7 171 032   7 171 032   4 238  
33 452 01/04/2020 4 612 027   4 612 027   2 726  
35 338 01/04/2021 4 872 050   4 872 050  
120 803 16 655 109   16 655 109   9 917   36 244 3 857 449
1 Based on a share price of R137.87 which prevailed on 31 December 2018.
2 A modification was made to the LTIP scheme during 2018 which resulted in a top-up in the number of rights employees are entitled to.
3 Shares forfeited due to performance conditions not being fully met.

Management share scheme – DBP

2019 Rights
held at
31 December
Number		 Exercisable
period		 Proceeds if  
exercisable at  
31 December1
R  		 Pre-tax  
gain if  
exercisable at  
31 December1
R  		 Modification  
during  
the year2
Number  		 Options
exercised
during
the year
Number		 Sale price/
market
price
R		 Pre-tax
gain
R		 Date
exercised
Executive directors
MDM Mgojo 04/03/2019 6 314 152.57 963 327 20/03/2019
31/03/2019 11 444 164.78 1 885 742 01/04/2019
31/08/2019 9   1 598 135.11 215 906 09/09/2019
1 209 31/08/2020 158 548   158 548   69  
4 372 09/03/2021 573 344   573 344   248  
11 139 31/03/2021 1 460 768   1 460 768   630  
1 003 31/08/2021 131 533   131 533   57  
1 414 15/03/2022 185 432   185 432  
8 347 31/03/2022 1 094 626   1 094 626  
27 484 3 604 251   3 604 251   1 095   19 356 3 064 975
PA Koppeschaar 732 31/08/2021 95 994   95 994   42  
5 369 31/03/2022 704 091   704 091  
6 101 800 085   800 085   42  
Prescribed officers
V Balgobind 04/03/2019 1 836 152.57 280 119 26/03/2019
31/03/2019 2 040 164.78 336 151 01/04/2019
31/08/2019 24   410 135.11 55 395 09/09/2019
1 054 09/03/2020 138 222   138 222   60  
1 891 31/03/2020 247 986   247 986   107  
303 31/08/2020 39 735   39 735   18  
1 089 09/03/2021 142 811   142 811   62  
1 880 31/03/2021 246 543   246 543   107  
253 31/08/2021 33 178   33 178   15  
351 15/03/2022 46 030   46 030  
2 540 31/03/2022 333 096   333 096  
9 361 1 227 601   1 227 601   393   4 286 671 665
AW Diedericks 04/03/2019 3 650 152.57 556 881 19/03/2019
31/03/2019 5 339 164.78 879 760 09/04/2019
31/08/2019 53   922 135.11 124 571 10/09/2019
2 406 09/03/2020 315 523   315 523   136  
4 368 31/03/2020 572 820   572 820   247  
688 31/08/2020 90 224   90 224   39  
2 484 09/03/2021 325 752   325 752   141  
4 287 31/03/2021 562 197   562 197   243  
557 31/08/2021 73 045   73 045   32  
773 15/03/2022 101 371   101 371  
3 098 31/03/2022 406 272   406 272  
18 661 2 447 204   2 447 204   891   9 911 1 561 212
JG Meyer 31/08/2019 53   928 135.11 125 382 03/09/2019
2 413 09/03/2020 316 441   316 441   137  
4 375 31/03/2020 573 738   573 738   248  
688 31/08/2020 90 224   90 224   39  
7 476 980 403   980 403   477   928 125 382
MI Mthenjane 1 304 09/03/2020 171 007   171 007   74  
670 31/08/2020 87 864   87 864   38  
1 346 09/03/2021 176 514   176 514   77  
2 331 31/03/2021 305 687   305 687   132  
5 651 741 072   741 072   321  
Dr N Tsengwa 31/03/2019 2 596 164.78 427 769 09/04/2019
31/08/2019 27   466 135.11 62 961 10/09/2019
1 308 09/03/2020 171 531   171 531   74  
396 31/08/2020 51 931   51 931   23  
265 31/08/2021 34 752   34 752   15  
519 15/03/2022 68 062   68 062  
2 359 31/03/2022 309 359   309 359  
4 847 635 635   635 635   139   3 062 490 730
M Veti 31/08/2019 29   499 135.11 67 420 10/09/2019
1 271 09/03/2020 166 679   166 679   72  
369 31/08/2020 48 391   48 391   21  
1 326 09/03/2021 173 892   173 892   75  
2 314 31/03/2021 303 458   303 458   131  
302 31/08/2021 39 604   39 604   18  
419 15/03/2022 54 948   54 948  
1 675 31/03/2022 219 660   219 660  
7 676 1 006 632   1 006 632   346 499 67 420
1 Based on a share price of R131.14 which prevailed on 31 December 2019.
2 A modification was made to the DBP scheme during 2019 which resulted in a top-up in the number of rights employees are entitled to.
2018 Rights
held at
31 December
Number		 Exercisable
period		 Proceeds if  
exercisable at  
31 December1
R  		 Pre-tax  
gain if  
exercisable at  
31 December1
R  		 Modification  
during  
the year2
Number  		 Options
exercised
during
the year
Number		 Sale price/
market
price
R		 Pre-tax
gain
R		 Date
exercised
Executive directors
MDM Mgojo 6 314 04/03/2019 870 511   870 511   515  
11 444 31/03/2019 1 577 784   1 577 784   933  
1 507 31/08/2019 207 770   207 770   123  
1 140 31/08/2020 157 172   157 172   93  
4 124 09/03/2021 568 576   568 576  
10 509 31/03/2021 1 448 876   1 448 876  
946 31/08/2021 130 425   130 425  
35 984 4 961 114   4 961 114   1 664  
PA Koppeschaar 31/03/2018 119   1 456 149.94 218 313 09/05/2018
690 31/08/2021 95 130   95 130  
690 95 130   95 130   119   1 456 218 313
Prescribed officers
V Balgobind 31/08/2018 33   394 149.94 59 076 11/09/2018
1 836 04/03/2019 253 129   253 129   150  
2 040 31/03/2019 281 255   281 255   167  
386 31/08/2019 53 218   53 218   32  
994 09/03/2020 137 043   137 043   81  
1 784 31/03/2020 245 960   245 960   146  
285 31/08/2020 39 293   39 293   24  
1 027 09/03/2021 141 592   141 592  
1 773 31/03/2021 244 444   244 444  
238 31/08/2021 32 813   32 813  
10 363 1 428 747   1 428 747   633 394 59 076
AW Diedericks 06/03/2018 58   707 125.15 88 481 14/03/2018
31/03/2018 321   3 939 106.43 419 228 04/04/2018
31/08/2018 114   1 390 149.94 208 417 05/09/2018
3 650 04/03/2019 503 226   503 226   298  
5 339 31/03/2019 736 088   736 088   435  
869 31/08/2019 119 809   119 809   71  
2 270 09/03/2020 312 965   312 965   185  
4 121 31/03/2020 568 162   568 162   336  
649 31/08/2020 89 478   89 478   53  
2 343 09/03/2021 323 029   323 029  
4 044 31/03/2021 557 546   557 546  
525 31/08/2021 72 382   72 382  
23 810 3 282 685   3 282 685   1 871   6 036 716 126
JG Meyer 06/03/2018 55   669 125.15 83 725 15/03/2018
31/03/2018 307   3 757 106.43 399 858 04/04/2018
31/08/2018 110   1 350 149.94 202 419 03/09/2018
875 31/08/2019 120 636   120 636   72  
2 276 09/03/2020 313 792   313 792   186  
4 127 31/03/2020 568 989   568 989   337  
649 31/08/2020 89 478   89 478   53  
7 927 1 092 895   1 092 895   1 120   5 776 686 002
MI Mthenjane 1 230 09/03/2020 169 580   169 580   101  
632 31/08/2020 87 134   87 134   52  
1 269 09/03/2021 174 957   174 957  
2 199 31/03/2021 303 176   303 176  
5 330 734 847   734 847   153  
Dr N Tsengwa 06/03/2018 80   976 125.15 122 146 16/03/2018
31/03/2018 161   1 973 106.43 209 986 12/04/2018
31/08/2018 48   580 149.94 86 965 10/09/2018
2 596 31/03/2019 357 911   357 911   212  
439 31/08/2019 60 525   60 525   36  
1 234 09/03/2020 170 132   170 132   101  
373 31/08/2020 51 426   51 426   31  
250 31/08/2021 34 468   34 468  
4 892 674 462   674 462   669   3 529 419 097
M Veti 06/03/2018 37   453 125.15 56 693 14/03/2018
13/05/2018 229   2 810 118.05 331 721 23/05/2018
31/08/2018 65   792 149.94 118 752 11/09/2018
470 31/08/2019 64 799   64 799   39  
1 199 09/03/2020 165 306   165 306   98  
348 31/08/2020 47 979   47 979   29  
1 251 09/03/2021 172 475   172 475  
2 183 31/03/2021 300 970   300 970  
284 31/08/2021 39 155   39 155  
5 735 790 684   790 684   497   4 055 507 166
1 Based on a share price of R137.87 which prevailed on 31 December 2018.
2 A modification was made to the DBP scheme during 2018 which resulted in a top-up in the number of rights employees are entitled to.