Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

earningsBloomberg reports that Naspers increased the compensation of its CEO Bob van Dijk by 5% as the company prepared to further boost its international internet business in the face of falling pay TV customers in Sub-Saharan Africa.  

Van Dijk was paid R23.9m in the year through March, which included a R8.1m bonus, the Cape Town-based company said in its annual report, released on Friday.  Chief Investment Officer Mark Sorour, who is responsible for mergers and acquisitions and asset sales, earned R29.7m.  Koos Bekker, who stepped down as CEO in 2014 and took on the role of chairman, earned R7.15m in fees for the year.

  • Read this report by Loni Prinsloo in full at Fin24

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