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
Sibanye-Stillwater to buy Lonmin

Sibanye-Stillwater to buy Lonmin

The Money Show’s Bruce Whitfield interviews Sibanye-Stillwater Chief Executive Officer Neal Froneman.

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

Trends that’ll dominate the business environment in 2018

Trends that’ll dominate the business environment in 2018

It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.

What you must learn from the Steinhoff and EOH share price collapses

What you must learn from the Steinhoff and EOH share price collapses

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

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
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Happy 50th birthday, Pick n Pay (congrats on growing your bottom line by 18%)!

Happy 50th birthday, Pick n Pay (congrats on growing your bottom line by 18%)!

50 years ago the retailer started out when Raymond Ackerman bought three tiny stores from Click founder Jack Goldin.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

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?