Santam Ltd

DB:RXWA Stock Report

Market Cap: €2.4b

Santam Management

Management criteria checks 4/4

Santam's CEO is Tava Madzinga, appointed in Jul 2022, has a tenure of 4.17 years. total yearly compensation is ZAR24.57M, comprised of 34.6% salary and 65.4% bonuses, including company stock and options. directly owns 0.069% of the company’s shares, worth €1.64M. The average tenure of the management team and the board of directors is 3.9 years and 5.3 years respectively.

Key information

Tava Madzinga

Chief executive officer

R24.6m

Total compensation

CEO salary percentage34.59%
CEO tenure4.2yrs
CEO ownership0.07%
Management average tenure3.9yrs
Board average tenure5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tava Madzinga's remuneration changed compared to Santam's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

R4b

Mar 31 2026n/an/a

R4b

Dec 31 2025R25mR9m

R4b

Sep 30 2025n/an/a

R4b

Jun 30 2025n/an/a

R4b

Mar 31 2025n/an/a

R4b

Dec 31 2024R23mR8m

R4b

Jun 30 2024n/an/a

R3b

Mar 31 2024n/an/a

R3b

Dec 31 2023R17mR7m

R3b

Jun 30 2023n/an/a

R3b

Mar 31 2023n/an/a

R2b

Dec 31 2022R17mR5m

R2b

Compensation vs Market: Tava's total compensation ($USD1.51M) is below average for companies of similar size in the German market ($USD2.19M).

Compensation vs Earnings: Tava's compensation has been consistent with company performance over the past year.

CEO

Tava Madzinga (47 yo)

4.2yrs
Tenure
R24,574,000
Compensation

Mr. Tavaziva Chadamoyo Madzinga, also known as Tava, serves as Group Managing Director at Britam Holdings Plc since February 01, 2021 and also serves as its Director since February 16, 2021. He has been an...

Leadership Team

NamePositionTenureCompensationOwnership
Tavaziva Madzinga
CEO & Executive Director4.2yrsR24.57m0.069%
€ 1.6m
Matthys Olivier
Group CFO3.2yrsR11.34m0.048%
€ 1.1m
Sam Nkosi
Chief Information Officer1.1yrsno datano data
Thabiso Rulashe
Head of Investor Relations & Strategy3.7yrsno datano data
Tinyiko Ribisi-Termark
Chief Legal Officer5.7yrsno datano data
Norah Sehunoe
Executive Head of Human Capital3.7yrsno datano data
Quinten Matthew
Chief Commercial Officerno datano datano data
Nomagugu Mtetwa
Chief Executive Officer of Santam Partner Solutions1.5yrsR612.18kno data
Steve Murphy
Head of Santam Reinsuranceno datano datano data
Karl Socikwa
Head of Market Development & Sustainability5.7yrsno datano data
Burton Naicker
Chief Executive Officer of MiWay5.7yrsno datano data
Andrew Coutts
Chief Executive Officer of Santam Broker Solutions5.7yrsno datano data
3.9yrs
Average Tenure
51yo
Average Age

Experienced Management: RXWA's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Tavaziva Madzinga
CEO & Executive Director4.4yrsR24.57m0.069%
€ 1.6m
Matthys Olivier
Group CFO3.2yrsR11.34m0.048%
€ 1.1m
Nombulelo Moholi
Independent Non-Executive Chairperson5.3yrsR1.85mno data
Lucia Swartz
Independent Non Executive Director3.3yrsR1.29mno data
Paul Hanratty
Non-Executive Director6.1yrsR677.00kno data
Richard Wainwright
Additional Independent Non-Executive Director1.3yrsR817.00kno data
Monwabisi D. Fandeso
Lead Independent Non-Executive Director6.7yrsR2.59m0.0011%
€ 25.8k
Junior Ngulube
Independent Non-Executive Director8.4yrsR702.00k0.0047%
€ 110.5k
Abigail Mukhuba
Non-Independent & Non-Executive Director5.8yrsR860.00kno data
Makhenkodwa Mahlangeni
Non-Executive Director3.8yrsR741.00kno data
Caroline Da Silva
Independent Non-Executive Director5.3yrsR1.11mno data
Deborah E. Loxton
Independent Non-Executive Director5.3yrsR1.63mno data
5.3yrs
Average Tenure
62.5yo
Average Age

Experienced Board: RXWA's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 00:28
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Santam Ltd is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Francois Du ToitAnchor Stockbrokers Proprietary Limited
Adrienne DamantAvior Capital Markets
Robert RiceBarclays