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103
INTEGRATED REPORT 2017
PAYMENTS TO NON-EXECUTIVE DIRECTORS
In addition to payments received at Group level, Dr Anna Mokgokong, Mr Joe Madungandaba and Mr Ahmed Banderker also
received payments at an AHL operational level. The split in fees for Dr Anna Mokgokong are R228 500 and R649 857 for services
rendered at the Group and AHL levels respectively. The rationalisation of the two companies is now completed. Work performed
at these subsidiary levels is continuing; hence, a fully inclusive fee is being proposed for the 2018 AGM for services rendered at the
listed entity and operational entities. It must be noted that AHL fees were not increased from the previous year and were accepted
by and agreed to the Board on the 10th of March 2017.
Mr Michael Sacks and Mr Meyer Kahn waived all fees.
Fees paid in respect of ACT Board
Name
Status of
Director
Board fee/
Directors fee
(R)
Audit and Risk
Committee
fees
(R)
Remuneration
Committee
fees
(R)
Other
Meeting
fees
(R)
Total
current year
2016 – 2017
(R)
Total
previous year
2015 – 2016
(R)
ATM Mokgokong
Active
222 750
38 310
261 060
833 078
MJ Madungandaba
Active
204 700
38 310
80 451
323 461
861 128
A Banderker
Active
204 700
14 047
42 141
260 888
IM Kirk
Active
204 700
204 700
SE Mmakau
Active
104 700
55 722
14 047
174 469
ND Munisi
Active
204 700
19 155
223 855
100 000
LL Dhlamini
Active
204 700
76 617
281 317
100 000
HG Motau
Active
34 900
34 900
NB Bam
Resigned
66 666
66 666
195 400
Y Masithela
Resigned
50 000
50 000
195 400
JG Appelgryn
Resigned
66 666
66 666
195 400
GL Napier
Resigned
66 666
66 666
195 400
NV Qangule
Resigned
204 700
55 722
260 422
615 108
Grand total
1 840 548
188 061
52 357
194 104
2 275 070
4 824 512
Fees paid in respect of the AHL Board
Name
Status of
Director
Board fee/
Directors’ fee
(R)
Audit and Risk
Committee
fees
(R)
Remuneration
Committee
fees
(R)
Other
Committee
fees
(R)
Total
current year
2016 – 2017
(R)
ATM Mokgokong
Active
649 858
649 858
MJ Madungandaba
Active
414 676
17 740
26 832
45 127
504 375
A Banderker
Active
414 676
26 832
441 508
Grand total
1 479 210
17 740
26 832
71 959
1 595 741