African Rainbow Minerals Management
Management criteria checks 4/4
African Rainbow Minerals' CEO is Velile Tobias, appointed in May 2023, has a tenure of 1.67 years. total yearly compensation is ZAR13.85M, comprised of 61.4% salary and 38.6% bonuses, including company stock and options. directly owns 0.027% of the company’s shares, worth $434.02K. The average tenure of the management team and the board of directors is 10.5 years and 15 years respectively.
Key information
Velile Tobias
Chief executive officer
R13.8m
Total compensation
| CEO salary percentage | 61.4% |
| CEO tenure | 1.7yrs |
| CEO ownership | 0.03% |
| Management average tenure | 10.5yrs |
| Board average tenure | 15yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | R14m | R9m | R3b |
| Mar 31 2024 | n/a | n/a | R4b |
| Dec 31 2023 | n/a | n/a | R5b |
| Sep 30 2023 | n/a | n/a | R6b |
| Jun 30 2023 | R16m | R7m | R8b |
| Mar 31 2023 | n/a | n/a | R11b |
| Dec 31 2022 | n/a | n/a | R13b |
| Sep 30 2022 | n/a | n/a | R13b |
| Jun 30 2022 | R11m | R4m | R12b |
Compensation vs Market: Velile's total compensation ($USD739.45K) is below average for companies of similar size in the US market ($USD5.43M).
Compensation vs Earnings: Velile's compensation has been consistent with company performance over the past year.
CEO
Velile Tobias (53 yo)
1.7yrs
Tenure
R13,849,000
Compensation
Mr. Velile Phillip Tobias, BSc (Mining Engineering), serves as Chief Executive Officer and Executive Director of African Rainbow Minerals Limited since May 1, 2023. He was Chief Operating Officer of Africa...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 21.7yrs | R38.46m | 0.059% $ 950.7k | |
| CEO & Executive Director | 1.7yrs | R13.85m | 0.027% $ 434.0k | |
| Finance Director & Executive Director | 4.3yrs | R17.63m | 0.028% $ 454.8k | |
| Chief Executive of ARM Ferrous | 12.5yrs | R21.20m | no data | |
| CEO of ARM Platinum | no data | R16.26m | 0.012% $ 194.9k | |
| Chief Information Officer | no data | no data | no data | |
| Executive of Investor Relations & New Business Development | no data | no data | no data | |
| Group Executive of Compliance & Stakeholder Relations | no data | no data | no data | |
| Group Executive of Legal | 5yrs | no data | no data | |
| Group Executive of Human Resources | 10.5yrs | no data | no data | |
| Senior Executive Finance-Corporate & Tax | no data | no data | no data | |
| Group Company Secretary & Governance Officer | 15.5yrs | no data | no data |
10.5yrs
Average Tenure
55yo
Average Age
Experienced Management: AFBO.F's management team is seasoned and experienced (10.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 21.7yrs | R38.46m | 0.059% $ 950.7k | |
| CEO & Executive Director | 1.7yrs | R13.85m | 0.027% $ 434.0k | |
| Finance Director & Executive Director | 4.3yrs | R17.63m | 0.028% $ 454.8k | |
| Independent Non-Executive Director | 16yrs | R1.76m | no data | |
| Independent Non-Executive Director | 21yrs | R1.58m | no data | |
| Independent Non-Executive Director | 20.5yrs | R1.95m | 0.00069% $ 11.1k | |
| Independent Non-Executive Director | 13.9yrs | R2.48m | no data | |
| Independent Non-Executive Director | 7.3yrs | R1.27m | 0.13% $ 2.1m | |
| Independent Non-Executive Director | 21yrs | R2.36m | no data | |
| Independent Non-Executive Director | 20yrs | R2.06m | no data | |
| Lead Independent Non-Executive Director | 7.3yrs | R1.59m | no data | |
| Independent Non Executive Director | 2.3yrs | R1.36m | no data |
15.0yrs
Average Tenure
67yo
Average Age
Experienced Board: AFBO.F's board of directors are seasoned and experienced ( 15 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 19:26 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
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 |
|
|
| 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
African Rainbow Minerals Limited is covered by 18 analysts. 5 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 |
|---|---|
| Ayan Ghosh | Avior Capital Markets |
| Caroline Learmonth | Barclays |
| Brian Morgan | BNP Paribas Securities (Asia) |