Copyright 2019 | All rights reserved. These are the members of the Sanlam remuneration committee that decided to award recently appointed CEO Paul Hanratty R161 million worth of Sanlam shares. | Sanlam Life Insurance Limited is a Licensed Financial Services Provider and a Registered Credit Provider. So I guess you better give us an idea on what the numbers are. Company Overview Locations FAQ. The one says, youve only been appointed as an executive director of Sanlam for three months and then a three million bonus share deal worth R161-million was awarded in advance? Sanlam and Santam have announced the fulfillment of all conditions for the acquisition of the remaining 53.37% of Morocco-based SAHAM Finances, effective 11 October, after regulators in various jurisdictions approved the deal. 141 Sanlam reviews. The average Sanlam monthly salary ranges from approximately R 2 737 per month for Personal Assistant to R 23 504 per month for Administrator. SANLAM Type Public Traded as SLM Founded 1918 Address HQ 2 Strand Road Belville,Western Cape7530South Africa Industry Insurance, asset management, wealth management, investments, capital market act While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$1.7m. On comparing similar companies from the same industry with market caps ranging from 169m to 674m, we found that the median CEO total compensation was 409k. What is the story behind all that? Sipho previously served as CEO of coal and heavy minerals mining company Exxaro Resources Ltd. and in past was the President of the Chamber of Mines of South Africa. Sanlam is based on a fundamental belief in honest, hard work to make the most of every rand were entrusted with. Chief Exec. Under the VER terms, the financial services firm, is offering a severance pay equivalent to one (1) months salary for every 3 years of service. Ep 4, Inside Investing: Charles Savage, EasyEquities; Kevin Hedderwick, Famous Brands; Kisby Fund and more, Inside Investing: Nervous about Naspers; property with golden visa; Apple; Netflix; prescribed assets. Then theres another one, that puts the figure at R235-million. He has been serving on the Executive Council of the Chamber of Mines of South Africa since November 2006. Duties/Responsibilities Provide administrative For comparison, other companies in the industry with market capitalizations above US$8.0b, reported a median total CEO compensation of US$18m. Add a Review. After listening to his responses, however, any rational mind would surely be taking a closer look at an investment in Sanlam stock As Hanratty explains, he negotiated to bet as much as possible on an appreciation of a share price thats done nothing for the past five years. Interviews Salaries Benefits Hiring Process Working Culture Working Hours Working Environment Background Check CEO Company Future Dress Code Office Locations Promotion Work Life Balance Part Time Jobs 2018-10-10T22:00:00Z. Mr Roux will form part of the The one says, youve only been appointed as an executive director of Sanlam for three months and then a three million bonus share deal worth R161-million was awarded in advance? Santam has nine directors, serving on its board. valuable contribution. With three weeks to go before the US presidential election, Joe Biden is set up as the proverbial racing certainty with an 11-point lead in the polls. 798 reviews from Sanlam employees about Sanlam culture, salaries, benefits, work-life balance, management, job security, and more. Average salary in SA is R6400 per month, but 70% of workers earn less. Just to clarify, one last piece of nonsense thats been written by journalists. Job Title: Executive Personal Assistant: Operations Manager: Group Ceo & Support Office. When Sanlam approached me, I said to them that I never, ever wanted anything that would raise any concerns. Provide general office suppli Glassdoor gives you an inside look at what it's like to work at Sanlam, including salaries, reviews, office photos, and more. Overview Overview 167 Reviews 68 Jobs 119 Salaries 26 Interviews 76 Benefits 3 Photos. 2021 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy. I have no bonuses or anything else. For the latest domestic and regional flights go to FlyCemAir.co.za. View Jobs at Sanlam. 520m for 'MBA-style training' for I believe its fair. Jeanett Modise is CEO:Human Resources at Sanlam Ltd. See Jeanett Modise's compensation, career history, education, & memberships. Chief Exec. Engaged Employer. 2 questions and answers about Sanlam Salaries. Sanlam Group Executive Committee and will report to the Sanlam Group Chief Executive Chief Client Officer BCom Honours (Actuarial Science) Rigitt van Zyl joined Sanlam Corporate as Chief Client Officer in January 2020. This is the Sanlam company profile. I actually only get to keep the dividends once the shares have vested. Paul, there are a couple of questions about your bonus share. Sanlam. He took home R31,05 million for the year, which included a basic salary of R8,91 million, an annual bonus of R11 million, and long-term incentives valued at R10,93 million. As part of the business succession and continuity planning, Mr Van der Merwe will See the company profile for Sanlam Limited (SLM.JO), including business summary, industry/sector information, number of employees, corporate governance, key executives and salary information. Add a Review. If I end up getting all the shares, well have had to perform extremely well, in which case I would think that shareholders might be fairly delighted. As I achieve performance targets, they vest. Manage the CEOs diary and arrange meetings. I wanted to be 100% aligned. Officer of SA Retail Affluent 7.16M N/A 1974 Mr. Paul Brendan Hanratty Group CEO Executives and board Currently eleven executives make up the senior management team, with Liz Lambrechts as Chief Executive, appointed in January 2015. Reviews >. Overview Overview 103 Reviews 14 Jobs 68 Salaries 19 Interviews 61 Benefits 3 Photos. Salaries at Sanlam range from an average of R90,194 to R665,239 a year. The average salary for a Personal Assistant at Sanlam in South Africa is R191,575. Welcome to episode five of the BizNews podcast which exposes newinvestment opportunities and offers fresh ideas on investing andmoneycraft. So I personally think that if I was a shareholder in Sanlam, I would be delighted because I dont think there are too many executives who have a package that is as aligned to shareholders interests as mine is. You may be trying to access this site from a secured browser on the server. We close off this episode with some pretty direct Wall Street advice on US banking stocks in the wake of the quarterly results released earlier this week. Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg. The world is changing fast and to keep up you need local knowledge with global context. Follow. Salary information comes from 219 data points collected directly from employees, users, and past and present job Sanlam Life Insurance is a licensed financial service provider. Sanlam. Sanlam paid R11billion in remuneration to its workforce of 21267. Everything from investing like Warren Buffett to the Audiobiography of Cyril Ramaphosa. So lets hope that you achieve the same thing. I could be working for five years for R6-million a year, which I think youll agree wouldnt be a bad deal for shareholders. He is the Chairman of global integrated energy and chemical giant Sasol, Director of diversified financial services group Sanlam, and Co-founder and Chairman of investment holding company Talent10. Please enable scripts and reload this page. This episode of Inside Investing was proudly brought to you by CemAir. In this clip, Vonnie Quin of our partners at Bloomberg talks to Ken Leon, Global Director of Industry and Equity Research at CFRA Research. { "isFollowing": false, "isEEPActive": false, "isEiHeaderFollowBtnDos2Enabled": true } Financial Advisery and Intermediary Services Act (FAIS), Principles and Practices of Financial Management (PPFM), Promotion of Access to Information Act (PAIA), Conflicts of Interest Policies in Terms of FAIS. Inside Investing Swanepoel highlights fresh SA mining opportunities; OrbVest; Sasol; Tongaat-Hulett. Executive Role 2016 salary 2017 salary Change Mike Brown CEO R39.02 million R38.12 million-2.3% Brian Kennedy ME: Nedbank Corporate and Investment R34.72 million R36.25 million +4.4% Mfundo Nkuhlu COO continue to serve as a non-executive director on the Sanlam Investments board of directors Officer, Mr Ian Kirk. Sanlam has successfully expanded to more than 40 countries across the world, with an extensive African footprint in more than 30 African countries. In this episode, new Sanlam CEO PaulHanratty explains why his much discussed pay package aligns his owninterests with those of shareholders; market commentators DavidShapiro and Adrian Saville provide a guide to what investors shouldexpect from share prices if Donald Trump wins another term or JoeBiden is voted into office; theres news from Cemairs Miles van derMolen on how the local aviation sector is adapting after SAs skies werereopened two weeks ago; and a top US banking analyst looks at thisweeks quarterly results and explains why Visa and Mastercard are nowhighly investible. Basically what happens is that those shares those five million shares theyre not a gift. I hope so, its a tough time to be doing it. That means that Kirk, as the highest-paid executive on the Sanlam team, makes around R85 000 a day. The board of directors of Sanlam wishes to thank Mr Van der Merwe for his contribution All content is posted anonymously by employees working at Sanlam. But its fair. So basically, I am taking a very, very small cash element. Right, back to Kirk. I dont know if any of the three of you know how many other chief executives in South Africa have their fortunes tied entirely to the performance of the company, and get R6-million a year. Shareholders did very well out of both of those two. So I asked SAs favourite market commentator David Shapiro and Cannon Asset Management founder Adrian Saville for guidance on what is likely to happen to stocks afterthe election. Please turn on JavaScript and try again. Sanlam Group Announces New CEO at Sanlam Investments. Sanlam chief executive Dr. Patrick Tumbo said application for VER will close on October 4. Job Description: We are seeking an energetic and capable Personal Assistant to work with the Operations Manager to the Sanlam Group CEO to assist us with office administration and support the day to day needs of the Group CEO office. Engaged Employer. Officer of Sanlam Investments Management N/A N/A 1965 Mr. Anton Gildenhuys Chief Exec. As a welcome gift, is it a bit excessive, they ask, when we have such disparity. Finalisation of Saham Finances acquisition. The average employee salary amounts to R589,850, and the average CEO salary is R55.3 million almost 95 times more. He didnt take any salary. But the toughest questions related to his much discussed remuneration deal. tenure of close to 14 years and for the substantial value he has contributed to the Sanlam worked alongside Mr Van der Merwe on key strategic matters. How does this work and on what basis is it justifiable? director. On the Rational Radio webinar earlier this week, Sanlams new CEO Paul Hanratty got to answer some difficult questions about his switch over after more than three decades at arch rival Old Mutual. How I finally figured out what being healthy really means, Retire at 55 and live to 80; work till youre, Government is in crisis; SA must stand up against, 2021 BizNews, Inc. | The Rational Perspective. Personal Assistant to the Chief Executive Officer (CEO) will be responsible for providing high level administrative and secretarial support to the CEO, designated Committees and work groups. since June 2002 and congratulates Mr Roux on his new position and looks forward to his So at the absolute maximum, I could get five million shares. Firstly, its been poorly reported. Executive Assistant to the Board, CEO Sanlam Wealth, Group Legal Counsel and CoSec Administrator Sanlam UK Mar 2006 - Present 14 years 11 months The board is headed by Mr Van der Merwe, CA (SA), is credited with having achieved sustained success over his Alec Hogg. If they dont vest, they fall away. Subscribe to our Newsletter to get daily updates on local affairs, with a global context. He will therefore remain closely associated with the Sanlam Group. So theres no free ride here. So Im actually getting awarded five million shares and I then have a cash package of just over R6-million a year. The only precedent youve got is I think would be Koos Bekker. Group. So thats it, in essence. as well as a number of other subsidiary boards on which he currently serves as nonexecutive Follow. The reduced economic activity and no salary increment for government employees are starting to bite one of Botswanas largest companies.According to Sanlam Chief Executive Officer (CEO), Johan van Zyl, Botswana Insurance How long does it takes to get paid after resignation Please note that all of this content is user-generated and its accuracy is not guaranteed by Indeed or this company. About 29% of workers earn less than the R3500 national minimum wage, says Anish Shivdasani, CEO Mr Nkosi is a member of the Risk Committee of the Council at the Wits University and also serves on a number of company boards including Sanlam. Mr Roux, CA (SA), was appointed in his role as Chief Operating Officer in 2005 and has Visit PayScale to research personal assistant salaries by city, experience, skill, employer and more. I worked well with everyone, I respected all the managers The work place was relaxed, was willing For context, Sanlam Financial Director Kobus Mller draws a salary of R12.7 million per annum while exco members Temba Mvusi (CEO: Group Market Development) and Yegs Ramiah (CEO View Jobs at Sanlam. At a minimum, I could get zero. Rigitt holds a BCom Honours degree in Actuarial Science from the University of Stellenbosch, and she is a Fellow of the Institute and Faculty of Actuaries (FIA). Officer of Sanlam Investments Management 13.2M N/A 1965 Mr. Anton Gildenhuys Chief Exec. A free inside look at company reviews and salaries posted anonymously by employees. But weve seen this movie plenty of times before Hilary and Obama; Hilary and Trump; Brexit Leave or Stay As the two candidates are so different, share market investors are paying closer attention than usual. Yes, Koos Bekker and Johan van Zyl had a very similar deal. Notably, the salary of 405k is the entirety of the CEO compensation. In fact, if it werent for the permissions that we have for the shareholders which limit the number of shares that we can issue I wouldnt have taken any cash at all. Sanlam announced today that Mr Johan van der Merwe will step down as Chief Executive Officer of Sanlam Investments and be succeeded by Mr Robert Roux, currently Chief Operating Officer of Sanlam Investments, with effect from 1 November 2015. Employees who accept the offer are set to be released from the company at the end of October. Sanlam | 121,747 followers on LinkedIn. It looks like your browser does not have JavaScript enabled. Assist CEO to organise the workflow and follow up actions delegated by the CEO for Sanlam Life Insurance. As you know, there are reporters who dont bother getting any facts before they write things. Mr Nkosi is an expert in governance, marketing and general business. . Sanlam CEO Paul Hanratty talks to Alec Hogg about his much discussed remuneration Paul, there are a couple of questions about your bonus share.