Remuneration Report

The first part of the report sets out the remuneration policy as well as the details of the two new share schemes approved by shareholders in June 2015. The implementation of the policy and disclosure of executive remuneration is contained in part two of this report.

Part One

Remuneration philosophy

Remuneration principles

Remuneration governance

Remuneration benchmarking

Remuneration structure

A. Executive directors

B. Senior management

C. Staff

D. Non-executive directors

Part Two

Remuneration reporting for the year ended March 2016

Executive directors’ remuneration

Non-executive director’s fees (R’000s)

Directors’ Shareholding

Click here to read more on Remuneration reporting for 2016.