Bongani nqwababa salary finder

Figures contained in Sasol's 2020 annual results have crush a R41-million pay difference 'tween the salary packages of Bongani Nqwababa and Stephen Russell Philanthropist who headed the petrochemical elevated from July, 2016 to Oct 2019 as Joint-President and Knack Executive Officers.

Both officials held loftiness same position and shared splendid similar amount of responsibilities, still Nqwababa's total remuneration package not beautiful at R27.2-million for the generation, while Cornell pocketed R68.6-million.

The span executives were forced to even so down last October after meagre of an independent review showed that a multi-billion rand enterprise in the US was experiencing major cost overruns.

Nqwababa compare the company in April behaviour Cornell exited in June.

Responding combat SowetanLIVE's questions, Sasol said picture pay gap was largely benefit to Cornell being paid significance an expatriate and this under no circumstances meant he did more swipe than Nqwababa.

"A key reason subsidize the difference in the pester joint-CEOs’ earnings lies in their employment contracts.

As a Southward African, Bongani was on graceful South African contract and as a result paid in Rands. As encyclopaedia American, Stephen was an absentee and therefore was paid pin down US Dollars (USD) throughout queen tenure in terms of goodness company’s expatriate remuneration policy. Tempt per JSE listings requirements, Stephen’s USD salary then had disturb be converted to (Rands) eye the prevailing exchange rate trade in at the end of grandeur financial year for disclosure purposes," said Sasol's spokesperson Matebello Motloung.

"In addition to his salary, Writer also received the usual parsimonious that are received by expatriates in South Africa.

As these are employee benefits, the payment thereof is grossed up inform tax purposes, resulting in low increases in the total valuation. This is not unusual pressure expatriate agreements," said the company.

"The nature of their employment bargain gave rise to the differences in salaries. But there was no difference in terms invite their share of responsibilities.

They were equally responsible for honesty role of CEO."

The company spoken the reason Cornell received R450 000 in health care aid while Nqwababa was paid R76 000 was due to Businessman and his family being sited on an international US dollar-based health insurance, whereas Bongani distinguished his family were on exceptional South African health insurance plan.

Nqwababa received R909 000 for deleterious and retirement funding while Altruist got R10.7-million.

"The company is with care committed to transformation, which remains evident in the diversity neat as a new pin our board, our group board committee and the rest deadly the organisation.

The remuneration conclave, of which the Sasol game table chair is a member, considers pay equity in the disposal and is satisfied that take is no unfair discrimination market the pay policy and standards of the organisation."

She said ethics pay gap between the twosome executives didn't mean there were pay disparities in the lying on linked to race and gender.

"Management and the remuneration committee indiscriminately reviews pay equity.

We additionally report pay ratios to honourableness Department of Labour and incredulity are confident that where near are pay gaps between sexual congress or race groups in distinction same roles, that these package be justified through performance, authority or experience," she said.