Sasol Integrated Report 2023 - Book - Page 92
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
GOVERNANCE AND REWARDS
ADMINISTRATION
REMUNERATION REPORT CONTINUED
IMPLEMENTATION REPORT CONTINUED
Prescribed Officers CONTINUED
E. Beneficial shareholding (number of shares)
F. Non-Executive Directors’ remuneration
2023
1
Beneficial shareholding
Total
beneficial
shareholding
2022
Board
Meeting
Fees 1,2,3
Total
beneficial
shareholding
Non-Executive Directors
Executive Directors
FR Grobler
VD Kahla
45 299
16 419
27 524
8 348
24
6
2 548
24
6
2 548
64 296
38 636
2023
2022
Total
beneficial
shareholding
Total
beneficial
shareholding
Prescribed Officers
S Baloyi
HC Brand3
BV Griffith4
BP Mabelane
CK Mokoena
CF Rademan
2 474
17 591
18 821
68
12 298
1
8
14 091
4 268
68
6 662
–
Total
51 253
25 097
Non-Executive Directors2
MBN Dube
NNA Matyumza
S Subramoney
Total
Beneficial shareholding1
1
2
3
4
Unvested Long-term incentives for Executive Directors and Prescribed Officers not included.
Direct beneficial shareholding comprises Sasol Ordinary and Sasol BEE ordinary shares.
Mr Brand retired with effect from 30 June 2023.
Mr Griffith’s shareholding comprises ADRs.
SA Nkosi (Chairman)
S Westwell (Lead Independent Director)
MJ Cuambe5
MBN Dube5
M Flöel
KC Harper6
GMB Kennealy
NNA Matyumza
MEK Nkeli
A Schierenbeck7
S Subramoney
C Beggs8
ZM Mkhize8
PJ Robertson8
Total
1
2
3
4
5
6
7
8
Lead
Independent
Director Committee
Fees1,2
Fees1,2,3
VAT
Total
20234
Total
2022
R’000
R’000
R’000
R’000
R’000
R’000
4 394
2 194
1 829
2 194
2 194
2 194
1 542
1 542
1 542
1 152
1 542
–
–
–
–
878
–
–
–
–
–
–
–
–
–
–
–
–
–
1 408
658
969
795
439
833
493
678
141
493
–
–
–
659
–
373
–
–
–
356
305
333
–
305
–
–
–
5 053
4 480
2 860
3 163
2 989
2 633
2 731
2 340
2 553
1 293
2 340
–
–
–
5 127
3 913
2 577
2 701
2 494
1 996
2 473
2 226
2 405
–
2 181
372
795
1 146
22 319
878
6 907
2 331
32 435
30 406
Fees for Q3 and Q4 were adjusted with inflation as per the approved AGM resolution at the November 2021 AGM.
Fees exclude VAT.
Board and Committee fees are based in USD, thus impacted by USD/ZAR foreign exchange rates at date of payment for resident non-Executive
Directors. For non-Executive Directors permanently residing outside of the UK, Europe and North America, effective 1 January 2023, the exchange
rate was fixed for the following 12 month period, using the average exchange rate from 1 July 2021 to December 2022. A cost-of-living factor between
jurisdictions, account for differences in fees.
As the fees are based in USD, the ZAR value of the non-Executive Directors fees increased from FY22 to FY23, mainly due to the CPI increase and
significant devaluation of the Rand.
Mr Cuambe was appointed to the Remuneration Committee effective 19 November 2021 and Ms Dube to the Nomination Governance committee
effective 1 October 2021.
In addition to the CPI and exchange rate increase, Ms Harper received the reduced 2018 approved Directors’ fees for Q1 and Q2 of FY22 as she
was appointed to the Board after 2018, compared to her peers who remained on the approved 2016 fee (where their fees were higher than those
approved in 2018).
Mr Schierenbeck was appointed effective 1 January 2023.
Mr Beggs retired effective 31 August 2021. Messrs Mkhize and Robertson retired from the Sasol Limited Board effective 19 November 2021.
SASOL INTEGRATED REPORT 2023
91
