Multichoice has released the Cost I Company, Annual Salaries for its Directors for 2019 including all benefits.
Calvo Mawela (CEO) – R27, 53 Million
Imtaz Patel (Chairman) – R26, 35 Million
Tim Jacobs (CFO) – R10, 2 Million (Tim worked for 5 Months)
Brand De Villiers (Multichoice Africa) – R 17, 1 Million
Kgomotso Moroka, Chairperson of the remuneration committe, said DSTV is facing stiff competition from streaming competitors like Netflix.
Multichoice Group was last year listed seperatly from Naspers. Core Headline earnings increased by 38% to 2.5 Billion and cash balances are now at R5. 2 Billion.