Naspers CEO, Bob van Dijk, Reaped a Cool R28 million in Compensation in 2017

The highest paid executive was the company’s chief investment officer, Mark Sorour.

By Staff Writer

The Boss of Africa’s Biggest Tech Firm Naspers, Bob van Dijk, Paid R28 million ($2.2 million) in 2017.

The highest paid executive was the company’s chief investment officer

The total remuneration included a (R14.2 million) $1.1 million in fixed pay and $973 000 in annual cash bonuses and performance-related payments.

This was revealed in the media and tech company’s 2017 integrated report, which showed that the top three executives earned a total of R80.1 million ($6.2 million).

Basil Sgourdos, Naspers’ financial officer was paid R17 million ($1.3 million), which includes a $443 000 in cash bonuses and performance-related payments.

While the company’s chief investment officer, Mark Sorour, received R33 million ($2.6 million), which includes a $1.7 million in cash bonuses and performance-related payments, making him the highest paid executive at Naspers in 2017.

Mark Sorour is responsible for mergers, acquisitions, and divestitures and therefore holds a role with a direct and significant impact on the group’s success. Therefore, 70% of his annual performance-related incentive is subject to a matrix whereby various deals attract different performance objectives

The top three executives also received shares, see below:

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