Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2008

« Note 22 Note 24 »
               
23. DIRECTORS' EMOLUMENTS            
      2008      2007   
      Non-      Non-   
    Executive  executive  Total  Executive  executive  Total 
    R’000  R’000  R’000  R’000  R’000  R’000 
  Executive directors            
  Fees 750    750  615    615 
  Salaries 11 919    11 919  11 472    11 472 
  Retirement fund contributions 2 690    2 690  2 411    2 411 
  Other benefits 1 212    1 212  1 238    1 238 
  Subtotal 16 571    16 571  15 736    15 736 
               
  Non-executive directors            
  Independent   1 175  1 175    801  801 
  Non-independent   4 429  4 429    4 217  4 217 
  Total 16 571  5 604  22 175  15 736  5 018  20 754 
               
  Increase in value – Remgro            
     Share Scheme* –  –  –  5 607  –  5 607 
  * Refer note 24.1            
      2008      2007   
      Salaries      Salaries   
    Fees  and other  Total  Fees  and other  Total 
    R’000  R’000  R’000  R’000  R’000  R’000 
  Paid by:            
  The Company 1 325    1 325  801    801 
  Management company –  –  –  492  8 735  9 227 
  Subsidiary company 1 200  19 650  20 850  553  10 173  10 726 
    2 525  19 650  22 175  1 846  18 908  20 754 
       
    2008 2007
        Retire-           Retire-      
        ment Other         ment Other    
    Fees Salaries fund benefits (8) Total Fees Salaries fund benefits (8) Total 
    R’000 R’000 R’000 R’000   R’000 R’000 R’000 R’000 R’000   R’000 
  Executive                        
  W E Bührmann 150 1 578 341 221   2 290 123 1 272 276 219   1 890 
  D M Falck 150 2 027 436 319   2 932 123 1 884 403 316   2 726 
  J A Preller (Mrs) 150 910 210 221   1 491 123 864 196 219   1 402 
  M H Visser(1) 150 6 075 1 410 269   7 904 123 6 224 1 268 265   7 880 
  T van Wyk 150 1 329 293 182   1 954 123 1 228 268 219   1 838 
  Subtotal 750 11 919 2 690 1 212   16 571 615 11 472 2 411 1 238   15 736 
  Non-executive                        
  (independent)                        
  G D de Jager(2) 225         225 160         160 
  P K Harris 175         175 147         147 
  M M Morobe(3) 150         150 –         – 
  J F Mouton(4) –         – 99         99 
  D Prins 250         250 198         198 
  M Ramos (Miss)(5) 150         150 –         – 
  F Robertson 225         225 197         197 
  Subtotal 1 175         1 175 801         801 
  Non-executive                        
  (non-independent)                        
  P E Beyers 150 514 131 102   897 123 645 155 100   1 023 
  J W Dreyer 150 1 395 306 102   1 953 123 1 328 287 100   1 838 
  E de la H Hertzog 150 1 000 204 75   1 429 123 916 183 73   1 295 
  J Malherbe(6) 150 – – –   150 61 – – –   61 
  J P Rupert(7) – – – –   – – – – –   – 
  Subtotal 600 2 909 641 279   4 429 430 2 889 625 273   4 217 
  Total 2 525 14 828 3 331 1 491   22 175 1 846 14 361 3 036 1 511   20 754 
     
  1. Mr M H Visser earns in addition to the above a director’s fee of GBP75 000 (2007: GBP75 000) per annum from British American Tobacco Plc, an associated company.
  2. Mr G D de Jager is a member of the Audit and Risk Committee as well as the Remuneration and Nomination Committee. During the 2007 financial year he was on these committees only for six months.
  3. Mr M M Morobe was appointed as an independent non-executive director on 18 June 2007.
  4. Mr J F Mouton retired as an independent non-executive director on 11 October 2006. He was a member of the Audit and Risk Committee as well as the Remuneration and Nomination Committee for six months.
  5. Miss M Ramos was appointed as an independent non-executive director on 26 March 2007.
  6. Mr J Malherbe was appointed as a non-executive director on 11 October 2006.
  7. Mr J P Rupert receives no emoluments since 30 September 2005.
  8. Benefits include medical aid contributions and vehicle benefits.