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Non-beneficial
In addition to the aforementioned holdings:
■
■
B Joffe is a trustee and potential beneficiary of a discretionary trust holding 700 107 (2016: 1 009 900) shares.
■
■
DE Cleasby is a potential beneficiary of a family trust holding 750 (2016: 750) shares.
■
■
DE Cleasby is a trustee of The Bidvest Group Limited retirement funds which holds 679 092 (2016: 541 636) shares.
Directors’ remuneration
The remuneration paid to executive directors while in office of the company during the year ended June 30 2017 can be analysed as follows:
Remuneration and benefits paid to directors
Basic
remuneration
R’000
Other
benefits
and costs
R’000
Retirement/
medical
benefits
R’000
Cash
incentives
R’000
2017
Total
emoluments
R’000
Director
BL Berson
14 754
262
359
17 904
33 279
DE Cleasby
4 461
278
385
6 017
11 141
B Joffe
13 032
637
454
16 479
30 602
Total
32 247
1 177
1 198
40 400
75 022
For comparative purposes the remuneration paid to the executive directors while in office of the company during the year ended June 30 2016 can
be analysed as follows:
Remuneration and benefits paid to directors
by the company
Remuneration and benefits paid to directors
by Bidvest
Basic
remuneration
R’000
Other
benefits
and costs
R’000
Retirement/
medical
benefits
R’000
Cash
incentives
R’000
Basic
remuneration
R’000
Other
benefits
and costs
R’000
Retirement/
medical
benefits
R’000
Cash
incentives
R’000
2016
Total
emoluments
R’000
Director
BL Berson
12 777
275
370
14 864
–
–
–
–
28 286
DE Cleasby
335
19
41
442
3 693
495
439
4 858
10 322
B Joffe
9 115
45
38
10 311
8 133
1 755
873
8 800
39 070
Total
22 227
339
449
25 617
11 826
2 250
1 312
13 658
77 678
The remuneration paid to non executive directors while in office of the company during the year ended June 30 is analysed as follows:
Directors’ and other related fees
Non-executive director
2017
R’000
2016*
R’000
PC Baloyi
572
106
DDB Band
634
180
DD Mokgatle (appointed October 4 2016)
226
–
NG Payne
771
120
CWL Phalatse (resigned November 11 2016)
141
115
H Wiseman
1 625
264
Total
3 969
785
*
Non-executive directors appointed on March 10 2016.
59
Annual integrated report 2017
Bid Corporation Limited