Naspers pays CEO Bob van Dijk R28 million (revenues totals R192 billion)

Naspers paid its CEO, Bob van Dijk, more than R28 million in the past financial year.

Almost R13 million of that was made up of annual cash bonuses and performance-related payments.

The tech giant granted Van Dijk 147 906 Naspers N shares (valued at R134 million) as part of a long-term incentive (LTI).

(Read: "How Naspers paid peanuts for Tencent - China’s most valuable company".)

Naspers Chairperson Koos Bekker earned R6.7 million as a non-executive director.

Revenues for the year totalled more than R192 billion.

(Read: "How Naspers propped up apartheid and the National Party - and profited in return".)

Naspers is the largest company in Africa with a market value of R1.25 trillion.

The Money Show’s Bruce Whitfield interviewed Allan Gray Portfolio Manager Simon Raubenheimer.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

This is the third year in succession [that Allan Gray has objected to Naspers’ executive pay].

Simon Raubenheimer, Allan Gray

The problem has become more acute.

Simon Raubenheimer, Allan Gray

The only reason the Naspers share has gone up is because Tencent has gone up.

Simon Raubenheimer, Allan Gray

Naspers is driven exclusively by its stake in Tencent.

Simon Raubenheimer, Allan Gray

Is this a position he has inherited from Koos Bekker, the previous CEO?

Simon Raubenheimer, Allan Gray

90% of the remuneration is determined by how well Tencent is doing.

Simon Raubenheimer, Allan Gray

His long-term incentives have no performance conditions.

Simon Raubenheimer, Allan Gray

Close to 75% of shareholders abstained or voted against the remuneration.

Simon Raubenheimer, Allan Gray

You can count on one hand the number of entrepreneurs, globally, who did what Koos Bekker has done.

Simon Raubenheimer, Allan Gray

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Naspers pays CEO Bob van Dijk R28 million (revenues totals R192 billion)


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Funny man Alan Committie gets serious(ish) about money

Funny man Alan Committie gets serious(ish) about money

The Money Show’s Bruce Whitfield interviews Committie about his attitude to money (hopes and fears, successes and failures, etc.).

How to boost your reputation and change the way people see you

How to boost your reputation and change the way people see you

Ian Mann reviews “The Reputation Game: The Art of Changing How People See You” by David Waller and Rupert Younger.

3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

The Money Show’s Bruce Whitfield interviews Cannon Asset Managers Portfolio Manager Samantha Steyn.

‘If Mugabe could be shafted so can Zuma - the view of many in SA’

‘If Mugabe could be shafted so can Zuma - the view of many in SA’

The Money Show’s Bruce Whitfield interviews independent political analyst Daniel Silke.

How Naspers propped up apartheid and the National Party (and profited in return)

How Naspers propped up apartheid and the National Party (and profited in return)

Bruce Whitfield interviews Hennie Van Vuuren, Research Associate of Open Secrets at Institute for Justice and Reconciliation.

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

Popular articles
Financially prepare yourself before the wedding bells

Financially prepare yourself before the wedding bells

Liberty Legal Marketing Specialist, Faeeza Khan talk us through a few financial pointers before getting hitched.

Oscar's family unhappy with producers as movie makes SA debut this weekend

Oscar's family unhappy with producers as movie makes SA debut this weekend

The movie stars Joburg-born actor Andreas Damm as Pistorius and Victoria Secret model Toni Garrn as Reeva Steenkamp.

Statement to remove LLB programme from SA universities is misleading: Max Price

Statement to remove LLB programme from SA universities is misleading: Max Price

Max Price says Council on Higher Education's announcement that UKZN, UCT and UL could lose their LLB accreditation is not right.

Is taking items from the hotel room stealing?

Is taking items from the hotel room stealing?

Tsogo Sun Cape regional manager explains which items are free to be taken home by guests and why.

WATCH: Innovative spray limits toilet flushes and saves water

WATCH: Innovative spray limits toilet flushes and saves water

Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.