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

Key Insights

• Attacq to hold its Annual General Meeting on 14th of November
• Salary of R4.90m is part of CEO Jackie van Niekerk's total remuneration
• The total compensation is similar to the average for the industry
• Attacq's FFO grew by 25% over the past one year while total shareholder return over the past three years was 156%

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We have been pretty impressed with the performance at Attacq Limited (JSE:ATT) recently and CEO Jackie van Niekerk deserves a mention for their role in it. Coming up to the next AGM on 14th of November, shareholders would be keeping this in mind. This would also be a chance for them to hear the board review the financial results, discuss future company strategy and vote on any resolutions such as executive remuneration. In light of the great performance, we discuss the case why we think CEO compensation is not excessive.

View our latest analysis for Attacq

How Does Total Compensation For Jackie van Niekerk Compare With Other Companies In The Industry?

Our data indicates that Attacq Limited has a market capitalization of R11b, and total annual CEO compensation was reported as R19m for the year to June 2025. We note that's an increase of 37% above last year. While we always look at total compensation first, our analysis shows that the salary component is less, at R4.9m.

On comparing similar companies from the South African REITs industry with market caps ranging from R6.9b to R28b, we found that the median CEO total compensation was R19m. From this we gather that Jackie van Niekerk is paid around the median for CEOs in the industry. Moreover, Jackie van Niekerk also holds R27m worth of Attacq stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

On an industry level, roughly 30% of total compensation represents salary and 70% is other remuneration. Attacq sets aside a smaller share of compensation for salary, in comparison to the overall industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

A Look at Attacq Limited's Growth Numbers

Attacq Limited has seen its funds from operations (FFO) increase by 25% over the past one year. In the last year, its revenue is up 11%.

This demonstrates that the company has been improving recently and is good news for the shareholders. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..

Has Attacq Limited Been A Good Investment?

We think that the total shareholder return of 156%, over three years, would leave most Attacq Limited shareholders smiling. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

In Summary...

Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

While CEO pay is an important factor to be aware of, there are other areas that investors should be mindful of as well. We've identified 3 warning signs for Attacq that investors should be aware of in a dynamic business environment.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.