Santam Management
Management criteria checks 4/4
Santam's CEO is Tava Madzinga, appointed in Jul 2022, has a tenure of 2.42 years. total yearly compensation is ZAR17.34M, comprised of 43.1% salary and 56.9% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth ZAR14.63M. The average tenure of the management team and the board of directors is 2.2 years and 3.5 years respectively.
Key information
Tava Madzinga
Chief executive officer
R17.3m
Total compensation
| CEO salary percentage | 43.1% |
| CEO tenure | 2.4yrs |
| CEO ownership | 0.03% |
| Management average tenure | 2.2yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | R3b |
| Mar 31 2024 | n/a | n/a | R3b |
| Dec 31 2023 | R17m | R7m | R3b |
| Jun 30 2023 | n/a | n/a | R3b |
| Mar 31 2023 | n/a | n/a | R2b |
| Dec 31 2022 | R17m | R5m | R2b |
Compensation vs Market: Tava's total compensation ($USD946.49K) is about average for companies of similar size in the NA market ($USD1.01M).
Compensation vs Earnings: Tava's compensation has been consistent with company performance over the past year.
CEO
Tava Madzinga (46 yo)
2.4yrs
Tenure
R17,343,000
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.4yrs | R17.34m | 0.034% ZAR 14.6m | |
| Group CFO | 1.4yrs | R12.03m | 0.048% ZAR 20.6m | |
| Chief Operating Officer | 1.9yrs | R612.18k | no data | |
| Chief Technology Officer | 1.9yrs | no data | no data | |
| Head of Investor Relations & Strategy | 1.9yrs | no data | no data | |
| Chief Legal Officer | 3.9yrs | no data | no data | |
| Executive Head of Human Resources | 1.9yrs | no data | no data | |
| Chief Commercial Officer | no data | no data | no data | |
| Head of Santam Reinsurance | no data | no data | no data | |
| Head of Market Development & Sustainability | 3.9yrs | no data | no data | |
| Chief Executive Officer of MiWay | 3.9yrs | no data | no data | |
| Chief Executive Officer of Santam Broker Solutions | 3.9yrs | no data | no data |
2.2yrs
Average Tenure
49yo
Average Age
Experienced Management: SNM's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.7yrs | R17.34m | 0.034% ZAR 14.6m | |
| Group CFO | 1.4yrs | R12.03m | 0.048% ZAR 20.6m | |
| Independent Non-Executive Chairperson | 3.5yrs | R1.55m | no data | |
| Independent Non Executive Director | 1.5yrs | R324.00k | no data | |
| Independent Non-Executive Director | 7.8yrs | R1.56m | no data | |
| Non-Executive Director | 4.3yrs | R677.00k | no data | |
| Lead Independent Non-Executive Director | 4.9yrs | R1.86m | 0.0011% ZAR 460.2k | |
| Independent Non-Executive Director | 6.7yrs | R573.00k | 0.0045% ZAR 2.0m | |
| Non-Independent & Non-Executive Director | 4.1yrs | R615.00k | no data | |
| Non-Executive Director | 2yrs | R649.00k | no data | |
| Independent Non-Executive Director | 3.5yrs | R847.00k | no data | |
| Independent Non-Executive Director | 3.5yrs | R1.18m | no data |
3.5yrs
Average Tenure
63yo
Average Age
Experienced Board: SNM's board of directors are considered experienced (3.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 14:09 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 here.
Analysis Model and Snowflake
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Learn about the world class team 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 .
Analyst Sources
Santam Ltd is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Warwick Bam | Avior Capital Markets |
| Robert Rice | Barclays |
| Marius Strydom | BofA Global Research |