Santam Ltd

NMSE:SNM Stock Report

Market Cap: R47.0b

Santam Management

Management criteria checks 3/4

Santam's CEO is Tava Madzinga, appointed in Jul 2022, has a tenure of 3.17 years. total yearly compensation is ZAR23.37M, comprised of 34.2% salary and 65.8% bonuses, including company stock and options. directly owns 0.071% of the company’s shares, worth ZAR33.47M. The average tenure of the management team and the board of directors is 2.9 years and 4.3 years respectively.

Key information

Tava Madzinga

Chief executive officer

R23.4m

Total compensation

CEO salary percentage34.23%
CEO tenure3.2yrs
CEO ownership0.07%
Management average tenure2.9yrs
Board average tenure4.3yrs

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 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 ($USD1.35M) is about average for companies of similar size in the NA market ($USD1.69M).

Compensation vs Earnings: Tava's compensation has increased by more than 20% in the past year.

CEO

Tava Madzinga (46 yo)

3.2yrs
Tenure
R23,374,000
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 Director3.2yrsR23.37m0.071%
ZAR 33.5m
Matthys Olivier
Group CFO2.2yrsR9.75m0.051%
ZAR 23.8m
Sam Nkosi
Chief Information Officerless than a yearno datano data
Thabiso Rulashe
Head of Investor Relations & Strategy2.7yrsno datano data
Tinyiko Ribisi-Termark
Chief Legal Officer4.7yrsno datano data
Norah Sehunoe
Executive Head of Human Capital2.7yrsno datano data
Quinten Matthew
Chief Commercial Officerno datano datano data
Nomagugu Mtetwa
Chief Executive Officer of Santam Partner Solutionsless than a yearR612.18kno data
Steve Murphy
Head of Santam Reinsuranceno datano datano data
Karl Socikwa
Head of Market Development & Sustainability4.7yrsno datano data
Burton Naicker
Chief Executive Officer of MiWay4.7yrsno datano data
Andrew Coutts
Chief Executive Officer of Santam Broker Solutions4.7yrsno datano data
2.9yrs
Average Tenure
50yo
Average Age

Experienced Management: SNM's management team is considered experienced (2.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Tavaziva Madzinga
CEO & Executive Director3.4yrsR23.37m0.071%
ZAR 33.5m
Matthys Olivier
Group CFO2.2yrsR9.75m0.051%
ZAR 23.8m
Nombulelo Moholi
Independent Non-Executive Chairperson4.3yrsR1.63mno data
Lucia Swartz
Independent Non Executive Director2.3yrsR858.00kno data
Preston Speckmann
Independent Non-Executive Director8.6yrsR1.70mno data
Paul Hanratty
Non-Executive Director5.1yrsR721.00kno data
Monwabisi D. Fandeso
Lead Independent Non-Executive Director5.7yrsR2.32m0.0011%
ZAR 498.0k
Junior Ngulube
Independent Non-Executive Director7.4yrsR601.00k0.0045%
ZAR 2.1m
Abigail Mukhuba
Non-Independent & Non-Executive Director4.8yrsR790.00kno data
Makhenkodwa Mahlangeni
Non-Executive Director2.8yrsR669.00kno data
Caroline Da Silva
Independent Non-Executive Director4.3yrsR972.00kno data
Deborah E. Loxton
Independent Non-Executive Director4.3yrsR1.45mno data
4.3yrs
Average Tenure
64yo
Average Age

Experienced Board: SNM's board of directors are considered experienced (4.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/15 18:42
End of Day Share Price 2025/09/12 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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

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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 Github.

Analyst Sources

Santam Ltd is covered by 16 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
Warwick BamAvior Capital Markets
Robert RiceBarclays