{"id":315015,"date":"2019-07-31T10:41:40","date_gmt":"2019-07-31T08:41:40","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=315015"},"modified":"2019-07-31T11:50:29","modified_gmt":"2019-07-31T09:50:29","slug":"multichoice-executives-make-millions","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/broadcasting\/315015-multichoice-executives-make-millions.html","title":{"rendered":"MultiChoice executives make millions"},"content":{"rendered":"<p>MultiChoice released its first integrated annual report, which revealed that the company\u2019s executives received excellent pay packages over the last year.<\/p>\n<p>MultiChoice Group listed on the JSE on 27 February 2019, with its share price starting at R95 when the market opened.<\/p>\n<p>The MultiChoice share price currently sits at around R134 per share, which means the company has produced an excellent return for shareholders.<\/p>\n<p>This strong performance is reflected in the remuneration of the company\u2019s executives who received great salaries and bonuses.<\/p>\n<p>MultiChoice\u2019s executive chair Imtiaz Patel received a salary package of $1.463 million, which equates to around R21 million.<\/p>\n<p>MultiChoice CEO Calvo Mawela received a salary package of R10.623 million, while the company\u2019s CFO Tim Jacobs received R8.449 million.<\/p>\n<p>It should be noted that these salary packages exclude share options, which further increase the real income of these executives.<\/p>\n<p>The table below provides an overview of MultiChoice\u2019s executive salaries for the past financial year.<\/p>\n<div class=\"mybb_table\">\n<div class=\"table-responsive\"><table class=\"table\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"7\">\n<tbody>\n<tr>\n<th style=\"text-align: center;\" colspan=\"4\"><strong>MultiChoice Executive Remuneration<\/strong><\/th>\n<\/tr>\n<tr>\n<td bgcolor=\"#E8E8E8\"><strong>Executive<\/strong><\/td>\n<td bgcolor=\"#E8E8E8\"><strong>Position<\/strong><\/td>\n<td bgcolor=\"#E8E8E8\"><strong>Salary (USD)<\/strong><\/td>\n<td bgcolor=\"#E8E8E8\"><strong>Salary<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Imtiaz Patel<\/td>\n<td>Executive Chair<\/td>\n<td>$1.463 million<\/td>\n<td><strong>R20.722 million<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Brand de Villiers<\/td>\n<td>COO<\/td>\n<td>$1.020 million<\/td>\n<td><strong>R14.464 million<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Calvo Mawela<\/td>\n<td>CEO<\/td>\n<td>&#8212;<\/td>\n<td><strong>R10.623 million<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Tim Jacobs<\/td>\n<td>CFO<\/td>\n<td>&#8212;<\/td>\n<td><strong>R8.449 million<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<h3 class=\"my-4\">Now read: <a href=\"https:\/\/mybroadband.co.za\/news\/business\/311055-multichoice-plans-to-cut-2194-jobs.html\">MultiChoice plans to cut 2,194 jobs<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>MultiChoice\u2019s first annual report reveals how much the company\u2019s executives got paid over the last year.<\/p>\n","protected":false},"author":23,"featured_media":297636,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[24196,35,2860,475],"class_list":["post-315015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broadcasting","tag-calvo-mawela","tag-headline","tag-imtiaz-patel","tag-multichoice"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/315015"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=315015"}],"version-history":[{"count":2,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/315015\/revisions"}],"predecessor-version":[{"id":315023,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/315015\/revisions\/315023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/297636"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=315015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=315015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=315015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}