Santam Management
Management criteria checks 3/4
Santam's CEO is Tava Madzinga, appointed in Jul 2022, has a tenure of 2.25 years. total yearly compensation is ZAR17.34M, comprised of 43.1% salary and 56.9% bonuses, including company stock and options. directly owns 0.032% of the company’s shares, worth ZAR11.71M. The average tenure of the management team and the board of directors is 1.5 years and 3.1 years respectively.
Key information
Tava Madzinga
Chief executive officer
R17.3m
Total compensation
| CEO salary percentage | 43.1% |
| CEO tenure | 2yrs |
| CEO ownership | 0.03% |
| Management average tenure | 1.5yrs |
| Board average tenure | 3.1yrs |
Recent management updates
Recent updates
Santam Ltd's (JSE:SNT) Shareholders Might Be Looking For Exit
Jun 19
Should You Be Adding Santam (JSE:SNT) To Your Watchlist Today?
Apr 10Santam (JSE:SNT) Will Pay A Dividend Of ZAR9.05
Mar 03Santam Ltd's (JSE:SNT) Shares May Have Run Too Fast Too Soon
Dec 29Is Now The Time To Put Santam (JSE:SNT) On Your Watchlist?
Oct 16Santam's (JSE:SNT) Upcoming Dividend Will Be Larger Than Last Year's
Sep 22Santam (JSE:SNT) Is Paying Out A Larger Dividend Than Last Year
Sep 06Santam Ltd's (JSE:SNT) Dismal Stock Performance Reflects Weak Fundamentals
Mar 19What Kind Of Shareholders Own Santam Ltd (JSE:SNT)?
Feb 18Did You Participate In Any Of Santam's (JSE:SNT) Respectable 86% Return?
Jan 28How Much Are Santam Ltd (JSE:SNT) Insiders Spending On Buying Shares?
Dec 21Should Weakness in Santam Ltd's (JSE:SNT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Dec 02
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD938.45K) is about average for companies of similar size in the ZA market ($USD995.63K).
Compensation vs Earnings: Tava's compensation has been consistent with company performance over the past year.
CEO
Tava Madzinga (44 yo)
2yrs
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 | 2yrs | R17.34m | 0.032% ZAR 11.6m | |
| Group CFO | less than a year | R12.03m | 0.048% ZAR 17.1m | |
| Chief Executive Officer of MiWay | 3.5yrs | no data | no data | |
| Chief Operating Officer | 1.5yrs | R612.18k | no data | |
| Chief Technology Officer | 1.5yrs | no data | no data | |
| Head of Investor Relations & Strategy | 1.5yrs | no data | no data | |
| Chief Legal Officer | 3.5yrs | no data | no data | |
| Executive Head of Human Resources | 1.5yrs | no data | no data | |
| Head of Santam Reinsurance | no data | no data | no data | |
| Chief Underwriting Officer | 1.5yrs | no data | no data | |
| Head of Market Development & Sustainability | 3.5yrs | no data | no data | |
| Chief Executive Officer of Santam Broker Solutions | 3.5yrs | no data | no data |
1.5yrs
Average Tenure
49yo
Average Age
Experienced Management: SNT's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.3yrs | R17.34m | 0.032% ZAR 11.6m | |
| Group CFO | less than a year | R12.03m | 0.048% ZAR 17.1m | |
| Independent Non-Executive Chairperson | 3.1yrs | R1.55m | no data | |
| Independent Non-Executive Director | 7.4yrs | R1.56m | no data | |
| Non-Executive Director | 3.9yrs | R677.00k | no data | |
| Lead Independent Non-Executive Director | 4.5yrs | R1.86m | 0.0011% ZAR 381.2k | |
| Independent Non-Executive Director | 6.3yrs | R573.00k | 0.0045% ZAR 1.6m | |
| Non-Independent & Non-Executive Director | 3.7yrs | R615.00k | no data | |
| Independent Non-Executive Director | 3.1yrs | R1.29m | no data | |
| Non-Executive Director | 1.6yrs | R649.00k | no data | |
| Independent Non-Executive Director | 3.1yrs | R847.00k | no data | |
| Independent Non-Executive Director | 3.1yrs | R1.18m | no data |
3.1yrs
Average Tenure
60yo
Average Age
Experienced Board: SNT's board of directors are considered experienced (3.1 years average tenure).