Page 350 - SAMRC AnnualReport 2025-26

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
(CONTINUED)

37. Member’s emoluments (continued)

EXECUTIVE DIRECTORS EMOLUMENTS
31 March 2026
PACKAGE
TOTAL INCL.
LEAVE PAYOUT;
ALLOWANCES COMPANY
AND LUMP SUBSISTENCE CONTRI-
SUM BONUS AND TRAVEL BUTIONS TOTAL
R R R R R
N Ntusi (President) 3,972,472 31,092 32,584 309,726 4,345,874
S Ngqongwa (CFO) 2,910,190 42,936 1,348 338,363 3,292,837
V Bam (Executive Director) 2,484,960 42,936 10,943 337,243 2,876,082
A Mathee (Executive Director) 2,198,163 42,936 13,625 102,908 2,357,632
M Mdhluli (CROO) 2,955,387 42,936 9,646 333,126 3,341,095
M Mulder (Executive Director) 2,736,321 42,937 3,277 333,983 3,116,518
M Popo (Executive Director) 2,543,357 42,937 760 199,978 2,787,032
L Zuhlke (Vice President) 3,009,942 42,937 60,956 320,719 3,434,554
22,810,792 331,647 133,139 2,276,046 25,551,624

31 March 2025
PACKAGE
TOTAL INCL.
LEAVE PAYOUT;
ALLOWANCES COMPANY
AND LUMP SUBSISTENCE CONTRI-
SUM BONUS AND TRAVEL BUTIONS TOTAL
R R R R R
** N Ntusi (President) 2,713,559 – 19,972 218,852 2,952,383
* G Gray (President) 1,008,350 – 10,596 71,267 1,090,213
S Ngqongwa (CFO) 2,745,103 22,536 15,042 318,864 3,101,545
V Bam (Executive Director) 2,147,695 40,932 14,264 301,633 2,504,524
A Mathee (Executive Director) 1,856,384 40,932 5,263 242,274 2,144,853
M Mdhluli (CROO) 2,782,907 40,933 20,652 313,559 3,158,051
M Mulder (Executive Director) 2,203,633 40,933 7,808 285,891 2,538,265
M Popo (Executive Director) 2,243,754 40,933 1,292 180,991 2,466,970
L Zuhlke (Vice President) 2,834,259 40,933 57,929 301,879 3,235,000

20,535,644 268,132 152,818 2,235,210 23,191,804
* G Gray term ended 30 June 2024.
** N Ntusi appointed 1 July 2024.

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