Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 48
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SASOL LIMITED GROUP
Report of the Remuneration Committee continued
Remuneration and benefits for the former Joint CEOs and Presidents
SR Cornell
B Nqwababa
2021
R’000
2020
R’000
2021
R’000
2020
R’000
Salary
Risk and Retirement funding
Vehicle benefit
Healthcare
Vehicle insurance fringe benefit
Security benefit
Other benefits
Mutual separation
–
–
–
–
–
–
–
–
20 808
10 773
400
453
–
1 008
11 698
21 658
–
–
–
–
–
–
–
–
8 470
909
–
76
5
588
909
14 389
Total salary and benefits
–
66 798
–
25 346
Executive Directors
–
–
–
–
Long-term incentive gains
3 238
1 861
2 944
1 904
Total annual remuneration
3 238
68 659
2 944
27 250
Annual short-term incentive
j. Non-Executive Directors’ remuneration
Lead
Board Independent
Director Committee
Meeting
Fees
fees
Fees
Ad Hoc or
special
purpose
board
committee
R'000
Total
2021
R'000
Total
2020
R'000
–
–
1 360
–
515
609
794
822
249
430
458
157
601
790
93
–
–
202
–
259
–
–
122
26
–
141
–
–
209
–
5 326
–
3 960
–
2 469
2 698
2 611
2 762
1 855
2 067
2 294
1 853
2 296
2 733
616
4 756
2 672
4 310
1 385
3 262
3 032
3 055
3 085
528
2 475
2 693
2 232
2 769
3 489
–
6 878
959
33 540
39 743
1, 2, 3, 4, 5
1, 3, 4, 5
1, 3, 4, 5
1, 3, 4, 5
Non-Executive directors
R'000
R'000
R'000
SA Nkosi (Chairman)
MSV Gantsho (former Chairman)6
S Westwell (new Lead Independent Director)
MJN Njeke (former Lead Independent Director)7
C Beggs
MJ Cuambe
MBN Dube
M Flöel
K Harper
GMB Kennealy
NNA Matyumza
ZM Mkhize
MEK Nkeli
PJ Robertson
S Subramoney8
5 326
–
1 691
–
1 696
2 089
1 817
1 817
1 580
1 637
1 696
1 696
1 696
1 733
522
–
–
707
–
–
–
–
–
–
–
–
–
–
–
–
24 996
707
Total
1.
2.
3.
4.
5.
6.
7.
Members of the Board agreed to a voluntary reduction on all fees for Q1 2021 of at least 20%.
Members of the Board agreed to a voluntary reduction of Board fees effective 01 November 2020 of at least 20%.
No change to non-executive director fees for 2021.
Fees include VAT where applicable.
Board and Committee fees are based in USD, thus impacted by USD/ZAR foreign exchange rates at date of payment for resident non-executive directors.
Mr Gantsho retired from the Board on 27 November 2019.
Mr Njeke retired from the Board on 27 November 2019.
8. Mr Subramoney joined the board on 1 March 2021.
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Sasol Annual Financial Statements 2021