AECI Ltd

JSE:AFE Stock Report

Market Cap: R9.3b

AECI Management

Management criteria checks 3/4

AECI's CEO is Dean Murray, appointed in Oct 2025, has a tenure of less than a year. total yearly compensation is ZAR5.93M, comprised of 64.6% salary and 35.4% bonuses, including company stock and options. directly owns 0.052% of the company’s shares, worth ZAR4.80M. The average tenure of the management team and the board of directors is 1 years and 4.4 years respectively.

Key information

Dean Murray

Chief executive officer

R5.9m

Total compensation

CEO salary percentage64.59%
CEO tenureless than a year
CEO ownership0.05%
Management average tenure1yr
Board average tenure4.4yrs

Recent management updates

Recent updates

AECI Ltd's (JSE:AFE) Popularity With Investors Is Clear

Jul 24
AECI Ltd's (JSE:AFE) Popularity With Investors Is Clear
User avatar

International Expansion And Cost Optimization Will Drive Future Success In Mining And Chemicals

Strategic expansion into international mining markets and focus on growth initiatives are projected to enhance revenue and earnings.

AECI's (JSE:AFE) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 04
AECI's (JSE:AFE) Shareholders Will Receive A Bigger Dividend Than Last Year

Investors Continue Waiting On Sidelines For AECI Ltd (JSE:AFE)

Jul 25
Investors Continue Waiting On Sidelines For AECI Ltd (JSE:AFE)

CEO Compensation Analysis

How has Dean Murray's remuneration changed compared to AECI's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

R411m

Mar 31 2025n/an/a

R344m

Dec 31 2024R6mR4m

R277m

Jun 30 2024n/an/a

R659m

Mar 31 2024n/an/a

R880m

Dec 31 2023R6mR4m

R1b

Sep 30 2023n/an/a

R1b

Jun 30 2023n/an/a

R955m

Mar 31 2023n/an/a

R941m

Dec 31 2022R12mR3m

R927m

Sep 30 2022n/an/a

R1b

Jun 30 2022n/an/a

R1b

Mar 31 2022n/an/a

R1b

Dec 31 2021R8mR3m

R1b

Sep 30 2021n/an/a

R811m

Jun 30 2021n/an/a

R434m

Mar 31 2021n/an/a

R284m

Dec 31 2020R10mR3m

R133m

Sep 30 2020n/an/a

R648m

Jun 30 2020n/an/a

R1b

Mar 31 2020n/an/a

R1b

Dec 31 2019R8mR3m

R1b

Sep 30 2019n/an/a

R1b

Jun 30 2019n/an/a

R894m

Mar 31 2019n/an/a

R942m

Dec 31 2018R9mR3m

R990m

Compensation vs Market: Dean's total compensation ($USD349.50K) is below average for companies of similar size in the ZA market ($USD1.14M).

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

CEO

Dean Murray (56 yo)

less than a year
Tenure
R5,930,000
Compensation

Mr. Dean K. Murray has been Interim Chief Executive Officer of AECI Limited and serves as its Executive Vice President for AECI Chemicals and also serves as its Director. He was an Executive Officer at AEC...

Leadership Team

NamePositionTenureCompensationOwnership
Dean Murray
Interim CEOless than a yearR5.93m0.052%
ZAR 4.8m
Ian Kramer
CFO & Executive Director1yrR10.58m0.000040%
ZAR 3.7k
Stuart Miller
Executive Vice President of Mining1.3yrsR20.07mno data
Itumeleng Lepere
Investor Relations Managerno datano datano data
Cheryl Singh
Group Company Secretary & General Counsel4.3yrsR4.99m0.0029%
ZAR 269.3k
Khabonina Ramoupi
Group Chief People Officerno dataR2.02mno data
Rafael Fernandes
Chief Transformation Officerno dataR7.50mno data
Zanele Salman
Group Chief of Staffless than a yearno datano data
1.0yrs
Average Tenure
53yo
Average Age

Experienced Management: AFE's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Dean Murray
Interim CEOno dataR5.93m0.052%
ZAR 4.8m
Ian Kramer
CFO & Executive Directorless than a yearR10.58m0.000040%
ZAR 3.7k
Nombulelo Moholi
Independent Non-Executive Director1.3yrsR362.00kno data
July Ndlovu
Independent Non-Executive Directorless than a yearno datano data
Fikile Felicity Dludlu
Independent Non-Executive Director6.5yrsR1.51mno data
Samuel Coetzer
Independent Non-executive Director3.4yrsR2.63mno data
A. Roets
Independent Non-Executive Director5.5yrsR1.69mno data
Stephen Dawson
Independent Non-Executive Director5.9yrsR2.86mno data
Walter Dissinger
Lead Independent Non-Executive Director5.9yrsR2.77mno data
Philisiwe Sibiya
Independent Non-Executive Chairman7.8yrsR1.75mno data
Billy Mawasha
Independent Non-Executive Directorless than a yearno datano data
Patricia O'Brien
Independent Non-Executive Director4.4yrsR2.50mno data
4.4yrs
Average Tenure
59.5yo
Average Age

Experienced Board: AFE's board of directors are considered experienced (4.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/05 19:57
End of Day Share Price 2025/12/05 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

AECI Ltd is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Steph ErasmusAvior Capital Markets
Rowan GoellerChronux Research
Tassin MeyerCitigroup Inc