Clientèle Management

Management criteria checks 4/4

Clientèle's CEO is Basil Reekie, appointed in Jul 2013, has a tenure of 10.75 years. total yearly compensation is ZAR15.24M, comprised of 54.9% salary and 45.1% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth ZAR14.74M. The average tenure of the management team and the board of directors is 6.3 years and 9.2 years respectively.

Key information

Basil Reekie

Chief executive officer

R15.2m

Total compensation

CEO salary percentage	54.9%
CEO tenure	10.8yrs
CEO ownership	0.4%
Management average tenure	6.3yrs
Board average tenure	9.2yrs

Recent management updates

We Take A Look At Why Clientèle Limited's (JSE:CLI) CEO Has Earned Their Pay Packet

Oct 25

Recent updates

We Take A Look At Why Clientèle Limited's (JSE:CLI) CEO Has Earned Their Pay Packet

Oct 25

Clientèle's (JSE:CLI) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 20

Should Clientèle Limited (JSE:CLI) Be Part Of Your Income Portfolio?

Feb 25

Is The Market Rewarding Clientèle Limited (JSE:CLI) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?

Jan 25

What Type Of Returns Would Clientèle's(JSE:CLI) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Nov 30

CEO Compensation Analysis

How has Basil Reekie's remuneration changed compared to Clientèle's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	R402m
Sep 30 2023	n/a	n/a	R445m
Jun 30 2023	R15m	R8m	R488m
Mar 31 2023	n/a	n/a	R460m
Dec 31 2022	n/a	n/a	R443m
Sep 30 2022	n/a	n/a	R432m
Jun 30 2022	R24m	R8m	R420m
Mar 31 2022	n/a	n/a	R418m
Dec 31 2021	n/a	n/a	R417m
Sep 30 2021	n/a	n/a	R404m
Jun 30 2021	R15m	R7m	R392m
Mar 31 2021	n/a	n/a	R370m
Dec 31 2020	n/a	n/a	R349m
Sep 30 2020	n/a	n/a	R339m
Jun 30 2020	R10m	R7m	R329m
Mar 31 2020	n/a	n/a	R357m
Dec 31 2019	n/a	n/a	R385m
Sep 30 2019	n/a	n/a	R393m
Jun 30 2019	R9m	R3m	R401m
Mar 31 2019	n/a	n/a	R411m
Dec 31 2018	n/a	n/a	R421m
Sep 30 2018	n/a	n/a	R455m
Jun 30 2018	R10m	R3m	R490m
Mar 31 2018	n/a	n/a	R498m
Dec 31 2017	n/a	n/a	R506m
Sep 30 2017	n/a	n/a	R486m
Jun 30 2017	R20m	R3m	R466m

Compensation vs Market: Basil's total compensation ($USD801.54K) is about average for companies of similar size in the ZA market ($USD678.65K).

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

CEO

Basil Reekie (50 yo)

10.8yrs

Tenure

R15,244,000

Compensation

Mr. Basil William Reekie, B.Sc (Hons), FASSA has been the Managing Director of Clientele Limited since July 1, 2013. Mr. Reekie served as the Managing Director of Clientele Life from May 2008 to June 2020....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Basil Reekie	Group MD & Executive Director	10.8yrs	R15.24m	0.44% ZAR 14.7m
Ramaesela Dorcas Zwane	Group HR Director	10.3yrs	R4.70m	0.0015% ZAR 50.0k
Hugo Louw	MD of Clientele Life & Executive Director	3.1yrs	R9.12m	0.031% ZAR 1.1m
Angela Pillay	Executive Financial Director	no data	no data	no data
Tiffany Boesch	Group Chief Operating Officer	1.3yrs	no data	no data
Eben Smit	Head of Group Legal & Company Secretary	6.3yrs	no data	no data
Laura Botha	Group Executive of Marketing & Media	12.3yrs	no data	no data
Franco Pretorius	Group Executive of Sales	no data	no data	no data
Nazeer Hoosen	Managing Director of Clientèle General	1.3yrs	no data	no data
Tshepisho Tabane	Executive Director	no data	no data	no data
Johan Potgieter	Chief Risk Officer & Head of Actuarial Function	7.8yrs	no data	no data

6.3yrs

Average Tenure

48.5yo

Average Age

Experienced Management: CLI's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Basil Reekie	Group MD & Executive Director	16.3yrs	R15.24m	0.44% ZAR 14.7m
Hugo Louw	MD of Clientele Life & Executive Director	3.1yrs	R9.12m	0.031% ZAR 1.1m
Tshepisho Tabane	Executive Director	no data	no data	no data
Gavin Routledge	Independent Non-Executive Chairman	16.3yrs	R3.58m	0.89% ZAR 29.8m
Herschel Mayers	Independent Non-Executive Director	less than a year	R171.00k	no data
Gavin Chadwick	Alternate Non-Executive Director	4.5yrs	no data	no data
Robert Williams	Independent Non-Executive Director	11.3yrs	R1.25m	no data
Adrian Domoniq Enthoven	Non-Executive Director	16.1yrs	no data	no data
Barry Stott	Independent Non-Executive Director	14.3yrs	R2.09m	0.029% ZAR 971.1k
Phethedi Nkadimeng	Non-Executive Director	7.1yrs	no data	no data
Thetele Masilwane	Independent Non-Executive Director	less than a year	no data	no data

9.2yrs

Average Tenure

53yo

Average Age

Experienced Board: CLI's board of directors are considered experienced (9.2 years average tenure).

Clientèle Management

Management criteria checks 4/4

Key information

Recent management updates

Clientèle Limited Appoints Angela Colleen Pillay as Executive Financial Director, with Effect from 1 April 2024

Clientèle Limited Announces CFO Changes, Effective November 10, 2023

Clientèle Limited Announces the Appointment of Thetele Emmarancia Mashilwane as Independent Non-Executive Director, Member of the Group Audit Committee, Group Risk Committee and Group Social and Ethics Committee, with Effect from 1 December 2023

We Take A Look At Why Clientèle Limited's (JSE:CLI) CEO Has Earned Their Pay Packet

Clientèle Limited, Annual General Meeting, Oct 31, 2023

Less than half of directors are independent

Recent updates

Now 25% undervalued after recent price drop

First half 2024 earnings released: EPS: R0.47 (vs R0.73 in 1H 2023)

Investor sentiment deteriorates as stock falls 17%

Now 21% undervalued

Clientèle Limited to Report First Half, 2024 Results on Mar 22, 2024

New minor risk - Share price stability

Clientèle Limited Appoints Angela Colleen Pillay as Executive Financial Director, with Effect from 1 April 2024

Clientèle Limited Announces CFO Changes, Effective November 10, 2023

Clientèle Limited Announces the Appointment of Thetele Emmarancia Mashilwane as Independent Non-Executive Director, Member of the Group Audit Committee, Group Risk Committee and Group Social and Ethics Committee, with Effect from 1 December 2023

Clientèle Limited (JSE:CLI) entered into a share exchange agreement to acquire 1Life Insurance Ltd from Telesure Investment Holdings (Pty) Ltd. for R1.3 billion.

Clientèle Limited (JSE:CLI) entered into a share exchange agreement to acquire 1Life Insurance Ltd from Telesure Investment Holdings (Pty) Ltd. for R1.3 billion.

We Take A Look At Why Clientèle Limited's (JSE:CLI) CEO Has Earned Their Pay Packet

Full year 2023 earnings released: EPS: R1.45 (vs R1.25 in FY 2022)

Clientèle Limited, Annual General Meeting, Oct 31, 2023

Clientèle's (JSE:CLI) Shareholders Will Receive A Bigger Dividend Than Last Year

Upcoming dividend of R1.25 per share at 11% yield

Clientèle Limited Declares Dividend for the Year Ended 30 June 2023, Payable on 26 September 2023

Full year 2023 earnings released: EPS: R1.45 (vs R1.30 in FY 2022)

New minor risk - Financial data availability

New major risk - Share price stability

Investor sentiment improves as stock rises 22%

New minor risk - Share price stability

Investor sentiment improves as stock rises 28%

First half 2023 earnings released: EPS: R0.76 (vs R0.66 in 1H 2022)

Less than half of directors are independent

Clientèle Limited Announces Resignation of LED Hlatshwayo as Independent Non-Executive Director

Less than half of directors are independent

Now 27% undervalued after recent price drop

Now 23% undervalued

Upcoming dividend of R1.20 per share

Now 24% undervalued

Full year 2022 earnings released: EPS: R1.30 (vs R1.17 in FY 2021)

Clientèle Limited, Annual General Meeting, Oct 27, 2022

Clientèle Limited Announce CFO Changes

Less than half of directors are independent

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Key Executive recently bought R522k worth of stock

Now 20% undervalued

Full year 2021 earnings released: EPS R1.17 (vs R0.98 in FY 2020)

Key Executive recently bought R181k worth of stock

Independent Non-Executive Director has left the company

Key Executive recently bought R96k worth of stock

Key Executive recently bought R185k worth of stock

Strategic Operations Director & Executive Director has left the company

Should Clientèle Limited (JSE:CLI) Be Part Of Your Income Portfolio?

Clientèle Limited Announces Board Changes

First half 2021 earnings released: EPS R0.59 (vs R0.53 in 1H 2020)

New 90-day high: R8.90

Is The Market Rewarding Clientèle Limited (JSE:CLI) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?

What Type Of Returns Would Clientèle's(JSE:CLI) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Market pulls back on stock over the past week

New 90-day low: R7.92

Key Executive recently bought R155k worth of stock

New 90-day high - R12.30

Full year earnings released - EPS R0.98

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age