Today's Labour News

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earningsBusiness Report writes that Anglo American Platinum (Amplats) paid its executive directors and prescribed officers remuneration of R139-million last year after recording a solid production performance and cutting net debt.  

According to the 2017 integrated annual report, which was released on Friday, the total remuneration package of Amplats CE Chris Griffith climbed to R32m, from R23.8m in 2016.  His package included an R8m basic salary, medical aid and retirement of R1.4m, an R6.4m cash incentive, R10m towards his bonus share plan, R5m towards the long-term incentive plan and R1m towards "others".  The package of chief financial officer Ian Botha increased to R16m in 2017 from R14m in 2016.  Griffith and Botha achieved final scores of 84.5 and 87 respectively out of 100 on their performance targets for 2017, which translated to bonus percentages of 84.5% and 69.6% of basic salary respectively.  The scores were judged on their performance on health and safety, fatalities, environment, people, costs and returns.

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