Today's Labour News

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earningsMoneyweb reports that the best-paid chief executive of the country’s largest insurers in 2017 was Sanlam Group’s Ian Kirk, who earned a total of R23.014 million.  

Discovery CEO Adrian Gore was paid R17.65 million in the year to 30 June, former MMI Holdings’ CEO was paid a total of R17.494 million, while Old Mutual Limited (Old Mutual Emerging Markets) chief executive Peter Moyo was paid R15.059 million.  New Liberty Holdings CEO David Munro was paid R8.519 million for the seven months to end-December (excluding various deferred sign-on bonuses), since joining from Standard Bank Group.  In terms of guaranteed packages only (basic pay plus any benefits), Kirk was the best-paid CEO of the five insurers (or six, if Santam CEO Lizé Lamprechts is included) with R8.6 million in 2017.  Gore received a guaranteed package of R7.455 million, while Kruger was paid R6.875 million.  Moyo was paid R4.486 million in the year to end December.  Munro would have been paid over R7.5 million in fixed pay had he been in the position for the full year.  A number of Discovery executives were better-remunerated than Gore.  The top-paid finance director among the five was Sanlam FD Heinie Werth, who was paid a total of R14.927 million in 2017.

  • Read this report with table by Hilton Tarrant in full at Moneyweb

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