Company Directors Report

COMPANY: AFROCENTRIC INVESTMENTS CORPORATION

-The primariy analysis is in USD. Remuneration is also shown in ZAR to accurately reflect felt increases.

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CEO Biography - USD:

Year End:Director Surname:Director Name:Director Gender:Full Year on Board?:Full year in position?:
2013 Dempers Dewald Male No Yes
2014 Dempers Dewald Male Yes Yes
2015 Dempers Dewald Male Yes Yes
2016 Dempers Dewald Male No No
2016 van Buuren AV Male No No
2017 van Buuren AV Male Yes Yes
2018 van Buuren AV Male Yes Yes
2019 Banderker Ahmed Male No No
2019 van Buuren AV Male No No
2020 Banderker Ahmed Male Yes Yes
2021 Banderker Ahmed Male Yes Yes
2023 Banderker Ahmed Male Yes Yes

CEO Remuneration - USD:

Financial Year:Salary:Benefits:Cash BonusOther:Total Annual:LTI Payment:Total Including LTI:
2013 507,500 4,205 1,022,727 0 1,534,432 2,215,909 3,750,341
2014 429,990 3,954 0 0 433,944 131,823 565,767
2015 389,773 3,934 0 0 393,706 179,196 572,902
2016 450,644 16,746 1,615,051 0 2,082,441 0 2,082,441
2017 253,675 15,161 117,381 0 386,217 0 386,217
2018 261,612 17,348 188,095 0 467,054 0 467,054
2019 266,943 38,666 90,832 0 396,441 0 396,441
2020 278,667 25,399 188,962 0 493,027 101,993 595,020
2021 355,824 32,560 287,625 0 676,010 0 676,010
2023 280,160 27,514 1,078,281 0 1,385,955 80,662 1,466,617

Executive Director Remuneration - USD:

Financial Year:No. of EDs:Total Salary:Cash BonusOther:Total Annual:
2010 1 0 0 0 0
2011 1 264,327 461,175 264,327 461,175
2012 1 244,129 365,161 244,129 365,161
2013 2 737,159 1,872,386 368,580 936,193
2014 2 638,380 748,698 319,190 374,349
2015 2 570,105 652,535 285,052 326,267
2016 5 823,051 2,618,373 164,610 523,675
2017 3 712,557 1,081,240 237,519 360,413
2018 3 714,256 1,252,868 238,085 417,623
2019 5 873,416 1,282,467 174,683 256,493
2020 4 883,902 1,344,754 220,976 336,188
2021 3 898,524 1,418,489 299,508 472,830
2022 2 424,434 538,593 212,217 269,296
2023 4 472,826 1,867,800 118,207 466,950

Non-Executive Director Remuneration - USD:

Financial Year:No. of NEDs:Total Fees:Average Fees
2010 2 6,605 3,303
2011 3 104,155 34,718
2012 5 224,516 44,903
2013 6 253,854 42,309
2014 7 249,373 35,625
2015 6 193,881 32,314
2016 10 230,847 23,085
2017 13 295,023 22,694
2018 8 303,092 37,886
2019 9 345,656 38,406
2020 12 300,152 25,013
2021 9 673,694 74,855
2022 11 863,627 78,512
2023 8 321,105 40,138

CEO Remuneration - ZAR:

Financial Year:Salary:Benefits:Cash BonusOtherTotal AnnualLTI PaymentTotal Including LTI
2013 4,466,000 37,000 9,000,000 0 13,503,000 19,500,000 33,003,000
2014 4,459,000 41,000 0 0 4,500,000 1,367,000 5,867,000
2015 4,459,000 45,000 0 0 4,504,000 2,050,000 6,554,000
2016 6,647,000 247,000 23,822,000 0 30,716,000 0 30,716,000
2017 3,313,000 198,000 1,533,000 0 5,044,000 0 5,044,000
2018 3,740,000 248,000 2,689,000 0 6,677,000 0 6,677,000
2019 3,899,231 564,798 1,326,786 0 5,790,815 0 5,790,815
2020 4,781,364 435,788 3,242,207 0 8,459,359 1,750,000 10,209,359
2021 4,948,450 452,817 4,000,000 0 9,401,267 0 9,401,267
2023 5,261,969 516,761 20,252,268 0 26,030,998 1,515,000 27,545,998

Executive Director Remuneration - ZAR:

Financial Year:No. of EDs:Total Salary:Total Annual RemunerationAverage SalaryAverage Remuneration
2010 1 0 0 0 0
2011 1 1,845,000 3,219,000 1,845,000 3,219,000
2012 1 1,892,000 2,830,000 1,892,000 2,830,000
2013 2 6,487,000 16,477,000 3,243,500 8,238,500
2014 2 6,620,000 7,764,000 3,310,000 3,882,000
2015 2 6,522,000 7,465,000 3,261,000 3,732,500
2016 5 12,140,000 38,621,000 2,428,000 7,724,200
2017 3 9,306,000 14,121,000 3,102,000 4,707,000
2018 3 10,211,000 17,911,000 3,403,667 5,970,333
2019 5 12,757,987 18,732,996 2,551,597 3,746,599
2020 4 15,165,998 23,073,282 3,791,500 5,768,321
2021 3 12,495,768 19,726,923 4,165,256 6,575,641
2022 2 6,703,933 8,507,074 3,351,967 4,253,537
2023 4 8,880,623 35,081,019 2,220,156 8,770,255