Bloomberg reports that Shoprite Holdings doubled CEO Whitey Basson’s pay last fiscal year to R100.1 million, thanks to a bonus for beating a profit-growth target. His remuneration included R49.7 million in basic pay for the 12 months through June, in line with the previous year, and a R50 million one-time performance-related bonus. Trading profit growth of 15% beat an internal target of 11%.
- Read this report by Janice Kew in full at Moneyweb
Get other news reports at the SA Labour News home page