Alexander Forbes Group Holdings Management

Management criteria checks 3/4

Alexander Forbes Group Holdings' CEO is Dawie de Villiers, appointed in Nov 2018, has a tenure of 5.5 years. total yearly compensation is ZAR19.16M, comprised of 31.2% salary and 68.8% bonuses, including company stock and options. directly owns 0.77% of the company’s shares, worth ZAR61.30M. The average tenure of the management team and the board of directors is 5.5 years and 2.7 years respectively.

Key information

Dawie de Villiers

Chief executive officer

R19.2m

Total compensation

CEO salary percentage	31.2%
CEO tenure	5.5yrs
CEO ownership	0.8%
Management average tenure	5.5yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

Alexander Forbes Group Holdings Limited's (JSE:AFH) CEO Compensation Looks Acceptable To Us And Here's Why

Aug 28

If You Had Bought Alexander Forbes Group Holdings (JSE:AFH) Shares Three Years Ago You'd Have A Total Return Of Negative 14%

Feb 16

CEO Compensation Analysis

How has Dawie de Villiers's remuneration changed compared to Alexander Forbes Group Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	R675m
Jun 30 2023	n/a	n/a	R609m
Mar 31 2023	R19m	R6m	R543m
Dec 31 2022	n/a	n/a	R485m
Sep 30 2022	n/a	n/a	R427m
Jun 30 2022	n/a	n/a	R447m
Mar 31 2022	R20m	R5m	R466m
Dec 31 2021	n/a	n/a	R437m
Sep 30 2021	n/a	n/a	R408m
Jun 30 2021	n/a	n/a	R403m
Mar 31 2021	R17m	R5m	R398m
Dec 31 2020	n/a	n/a	-R266m
Sep 30 2020	n/a	n/a	-R931m
Jun 30 2020	n/a	n/a	-R943m
Mar 31 2020	R16m	R5m	-R955m
Dec 31 2019	n/a	n/a	-R266m
Sep 30 2019	n/a	n/a	R422m
Jun 30 2019	n/a	n/a	R345m
Mar 31 2019	R18m	R2m	R268m

Compensation vs Market: Dawie's total compensation ($USD1.03M) is about average for companies of similar size in the ZA market ($USD931.53K).

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

CEO

Dawie de Villiers (53 yo)

5.5yrs

Tenure

R19,163,000

Compensation

Mr. D.J. de Villiers, also known as Dawie, BSc Actuarial Science, FASSA, Advanced Management Programme, serves as the Group Chief Executive Officer and Executive Director of Alexander Forbes Group Holdings...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
D.J. de Villiers	CEO & Executive Director	5.5yrs	R19.16m	0.77% ZAR 61.3m
Bruce Bydawell	CFO & Executive Director	5.1yrs	R11.45m	0.25% ZAR 20.1m
John Anderson	Executive Member of Investments	7yrs	R7.76m	0.000090% ZAR 7.1k
Catharina Wessels	Executive of Governance	6.6yrs	R8.10m	0.27% ZAR 21.0m
T. Muthige	Executive of Human Capital & Transformation	3.6yrs	R7.33m	0.015% ZAR 1.2m
A Leepile	Chief Executive Officer of Alexander Forbes Investments	2.3yrs	R8.16m	0.13% ZAR 10.2m
VR Maharaj	Executive of Strategy & Customer Office	3yrs	R6.67m	0.000060% ZAR 4.8k
J. Mather	Group Chief Information Officer	6.6yrs	R6.36m	no data
Zakira Amra	Head of Group Investor Relations	no data	no data	no data
Luendran Pillay	Managing Director of Afrinet Investments	12yrs	no data	no data

5.5yrs

Average Tenure

53yo

Average Age

Experienced Management: AFH's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
D.J. de Villiers	CEO & Executive Director	5.5yrs	R19.16m	0.77% ZAR 61.3m
Bruce Bydawell	CFO & Executive Director	5.1yrs	R11.45m	0.25% ZAR 20.1m
Robert Head	Independent Non-Executive Director	6.3yrs	R957.00k	no data
Andile Mazwai	Independent Non-Executive Director	3.5yrs	R1.09m	no data
Kuseni Dlamini	Independent Non-Executive Chair	less than a year	no data	no data
Nondumiso Medupe	Independent Non-Executive Director	1.9yrs	R716.00k	no data
Thabo Dloti	Lead Independent Non-Executive Director	5.8yrs	R1.19m	no data
Pavan Dhamija	Non-Executive Director	1.8yrs	no data	no data
Nosipho Carol Molope	Independent Non-Executive Director	1.8yrs	R812.00k	no data
Gary Herbert	Non-Executive Director	1.8yrs	no data	no data
Mmamodiane Nkadimeng	Non-Executive Director	3.9yrs	no data	no data
Marinda Dippenaar	Non-Executive Director	1.8yrs	no data	no data

2.7yrs

Average Tenure

53yo

Average Age

Experienced Board: AFH's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Alexander Forbes Group Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Alexander Forbes Group Holdings Limited Approves Appointment of Group Social, Ethics and Transformation Committee

Alexander Forbes Group Holdings Limited Announces Changes to the Board of Directors

Executive Member of Investments recently sold R84k worth of stock

Insider recently sold R5.4m worth of stock

High number of new directors

High number of new directors

Recent updates

Upcoming dividend of R0.20 per share at 7.0% yield

Investor sentiment improves as stock rises 18%

First half 2024 earnings released: EPS: R0.27 (vs R0.16 in 1H 2023)

Alexander Forbes Group Holdings Limited Announces Interim Cash Dividend for the Six Months Ended 30 September 2023, Payable on 8 January 2024

Alexander Forbes Group Holdings Limited (JSE:AFH) has signed a binding agreement to acquire OUTvest Proprietary Limited from OUTsurance Holdings Limited.

Investor sentiment improves as stock rises 17%

Alexander Forbes Group Holdings Limited Approves Appointment of Group Social, Ethics and Transformation Committee

Upcoming dividend of R0.27 per share at 7.6% yield

Full year 2023 earnings released: EPS: R0.44 (vs R0.37 in FY 2022)

Alexander Forbes Group Holdings Limited Provides Earnings Guidance for the Twelve Months Ended 31 March 2023

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 17%

Alexander Forbes Group Holdings Limited Announces Changes to the Board of Directors

Executive Member of Investments recently sold R84k worth of stock

Upcoming dividend of R0.15 per share

Insider recently sold R5.4m worth of stock

First half 2023 earnings released: EPS: R0.14 (vs R0.19 in 1H 2022)

High number of new directors

High number of new directors

Upcoming dividend of R0.20 per share

Full year 2022 earnings released: EPS: R0.37 (vs R0.33 in FY 2021)

Alexander Forbes Group Holdings Limited Declares Final Cash Dividend for the Year Ended 31 March 2022, Payable July 11, 2022

High number of new directors

Price target increased to R5.49

High number of new directors

High number of new directors

Investor sentiment improved over the past week

High number of new directors

Upcoming dividend of R0.12 per share

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Independent Director Busisiwe Memela-Khambula has left the company

Alexander Forbes Group Holdings Limited's (JSE:AFH) CEO Compensation Looks Acceptable To Us And Here's Why

Upcoming dividend of R0.09 per share

Full year 2021 earnings released: EPS R0.33 (vs R0.78 loss in FY 2020)

Alexander Forbes Group Holdings Limited Provides Earnings Guidance for the Year Ended March 31, 2021

Alexander Forbes Group Holdings Limited to Report First Half, 2022 Results on Dec 06, 2021

New 90-day high: R4.15

If You Had Bought Alexander Forbes Group Holdings (JSE:AFH) Shares Three Years Ago You'd Have A Total Return Of Negative 14%

New 90-day high: R4.07

First half 2021 earnings released: EPS R0.18

New 90-day high: R3.72

Alexander Forbes Group Holdings Limited Appoints Andile Mazwai as an Independent Non-Executive Director and Member of the Audit and Risk Committee

African Rainbow Capital Proprietary Limited completed the acquisition of additional 15% stake in Alexander Forbes Group Holdings Limited (JSE:AFH) from Mercer Africa Limited.

New 90-day low - R3.54

Price target lowered to R4.91

Mercer Africa Limited completed the acquisition of 35.4% stake in Alexander Forbes Group Holdings Limited from Actis LLP, Ontario Teachers' Pension Plan Board and other shareholders.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age