Company Directors Report

COMPANY: SOUTH AFRICAN AIRWAYS

-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?:
2007 Ngqula Khaya Male Yes Yes
2008 Ngqula Khaya Male Yes Yes
2009 Ngqula Khaya Male No No
2009 Smyth Chris Male No No
2010 Smyth Chris Male Yes Yes
2011 Mzimela Sizakele P Male Yes Yes
2012 Mzimela Sizakele P Male Yes Yes
2013 Mzimela Sizakele P Male No No
2013 Bezuidenhout Nico Male No No
2014 Bezuidenhout Nico Male No No
2014 KALAWE MONWABISI Male No No
2015 KALAWE MONWABISI Male Yes Yes
2016 KALAWE MONWABISI Male No No
2016 Mpshe ME Female No No
2016 Malola-Phiri A Male No No
2016 Zwane M Male No No
2017 Zwane M Male No No

CEO Remuneration - USD:

Financial Year:Salary:Benefits:Cash BonusOther:Total Annual:LTI Payment:Total Including LTI:
2007 506,383 0 202,837 0 709,220 0 709,220
2008 452,600 175,212 0 83,192 711,004 0 711,004
2009 471,102 128,408 0 92,752 692,263 0 692,263
2010 271,867 110,045 67,595 0 449,507 0 449,507
2011 523,120 47,911 0 0 571,031 0 571,031
2012 540,431 50,135 34,636 0 625,202 0 625,202
2013 271,529 34,706 0 284,471 590,706 0 590,706
2014 386,139 0 0 0 386,139 0 386,139
2015 309,517 0 0 0 309,517 0 309,517
2016 239,036 17,855 0 200,339 457,230 0 457,230
2017 45,461 0 0 0 45,461 0 45,461

Executive Director Remuneration - USD:

Financial Year:No. of EDs:Total Salary:Cash BonusOther:Total Annual:
2007 3 863,830 1,093,050 287,943 364,350
2008 3 625,998 970,979 208,666 323,660
2009 3 694,943 1,094,267 231,648 364,756
2010 2 578,883 1,016,223 289,442 508,111
2011 2 839,415 1,154,875 419,708 577,437
2012 2 896,092 1,034,771 448,046 517,385
2013 3 656,353 975,529 218,784 325,176
2014 3 729,109 729,109 243,036 243,036
2015 2 558,396 558,396 279,198 279,198
2016 15 1,503,259 2,271,623 100,217 151,442
2017 12 1,727,753 2,059,077 143,979 171,590

Non-Executive Director Remuneration - USD:

Financial Year:No. of NEDs:Total Fees:Average Fees
2007 14 384,397 27,457
2008 9 377,509 41,945
2009 9 362,386 40,265
2010 21 526,700 25,081
2011 14 911,560 65,111
2012 13 869,811 66,909
2013 21 1,815,765 86,465
2014 10 443,465 44,347
2015 11 216,247 19,659
2016 9 258,995 28,777
2017 17 387,574 22,798

CEO Remuneration - ZAR:

Financial Year:Salary:Benefits:Cash BonusOtherTotal AnnualLTI PaymentTotal Including LTI
2007 3,570,000 0 1,430,000 0 5,000,000 0 5,000,000
2008 3,743,000 1,449,000 0 688,000 5,880,000 0 5,880,000
2009 4,043,000 1,102,000 0 796,000 5,941,000 0 5,941,000
2010 2,011,000 814,000 500,000 0 3,325,000 0 3,325,000
2011 3,756,000 344,000 0 0 4,100,000 0 4,100,000
2012 4,010,000 372,000 257,000 0 4,639,000 0 4,639,000
2013 2,308,000 295,000 0 2,418,000 5,021,000 0 5,021,000
2014 3,900,000 0 0 0 3,900,000 0 3,900,000
2015 4,553,000 0 0 0 4,553,000 0 4,553,000
2016 3,521,000 263,000 0 2,951,000 6,735,000 0 6,735,000
2017 611,000 0 0 0 611,000 0 611,000

Executive Director Remuneration - ZAR:

Financial Year:No. of EDs:Total Salary:Total Annual RemunerationAverage SalaryAverage Remuneration
2007 3 6,090,000 7,706,000 2,030,000 2,568,667
2008 3 5,177,000 8,030,000 1,725,667 2,676,667
2009 3 5,964,000 9,391,000 1,988,000 3,130,333
2010 2 4,282,000 7,517,000 2,141,000 3,758,500
2011 2 6,027,000 8,292,000 3,013,500 4,146,000
2012 2 6,649,000 7,678,000 3,324,500 3,839,000
2013 3 5,579,000 8,292,000 1,859,667 2,764,000
2014 3 7,364,000 7,364,000 2,454,667 2,454,667
2015 2 8,214,000 8,214,000 4,107,000 4,107,000
2016 15 22,143,000 33,461,000 1,476,200 2,230,733
2017 12 23,221,000 27,674,000 1,935,083 2,306,167