Naspers pays CEO Bob van Dijk R28 million (revenues totals R192 billion)

Naspers paid its CEO, Bob van Dijk, more than R28 million in the past financial year.

Almost R13 million of that was made up of annual cash bonuses and performance-related payments.

The tech giant granted Van Dijk 147 906 Naspers N shares (valued at R134 million) as part of a long-term incentive (LTI).

(Read: "How Naspers paid peanuts for Tencent - China’s most valuable company".)

Naspers Chairperson Koos Bekker earned R6.7 million as a non-executive director.

Revenues for the year totalled more than R192 billion.

(Read: "How Naspers propped up apartheid and the National Party - and profited in return".)

Naspers is the largest company in Africa with a market value of R1.25 trillion.

The Money Show’s Bruce Whitfield interviewed Allan Gray Portfolio Manager Simon Raubenheimer.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

This is the third year in succession [that Allan Gray has objected to Naspers’ executive pay].

Simon Raubenheimer, Allan Gray

The problem has become more acute.

Simon Raubenheimer, Allan Gray

The only reason the Naspers share has gone up is because Tencent has gone up.

Simon Raubenheimer, Allan Gray

Naspers is driven exclusively by its stake in Tencent.

Simon Raubenheimer, Allan Gray

Is this a position he has inherited from Koos Bekker, the previous CEO?

Simon Raubenheimer, Allan Gray

90% of the remuneration is determined by how well Tencent is doing.

Simon Raubenheimer, Allan Gray

His long-term incentives have no performance conditions.

Simon Raubenheimer, Allan Gray

Close to 75% of shareholders abstained or voted against the remuneration.

Simon Raubenheimer, Allan Gray

You can count on one hand the number of entrepreneurs, globally, who did what Koos Bekker has done.

Simon Raubenheimer, Allan Gray

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to delegate (and why you must, whether you like it or not)

How to delegate (and why you must, whether you like it or not)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Our investigations conclude is wasn’t us – Dracore on SA’s biggest data breach

Our investigations conclude is wasn’t us – Dracore on SA’s biggest data breach

The Money Show’s Bruce Whitfield interviews Dracore Data Services CEO Chantelle Fraser.

Where to invest? Property vs 'a small business' vs 'an investment fund'...

Where to invest? Property vs 'a small business' vs 'an investment fund'...

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Estate agent Aida admits it’s the source of SA’s largest data hack ever

Estate agent Aida admits it’s the source of SA’s largest data hack ever

The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.

How Naspers propped up apartheid and the National Party (and profited in return)

How Naspers propped up apartheid and the National Party (and profited in return)

Bruce Whitfield interviews Hennie Van Vuuren, Research Associate of Open Secrets at Institute for Justice and Reconciliation.

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

Kay Sexwale denies involvement in ANC 'War Room' saga

Kay Sexwale denies involvement in ANC 'War Room' saga

Sexwale says she advises the provincial not national ANC.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Bylaws, times you may use fireworks

Bylaws, times you may use fireworks

City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?