BANKSETA ANNUAL REPORT 2023

ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2023

23. REMUNERATION OF MEMBERS OF THE ACCOUNTING AUTHORITY, COMMITTEE MEMBERS

23.1 Remuneration of members of the Accounting Authority and committee members

The key management personnel (as defined by GRAP 20, Related Party Disclosures) of BANKSETA are the members of the Accounting Authority and the members of the senior management group.

The Accounting Authority consists of members appointed in terms of its constitution. The Chief Executive Officer attends meetings of the Accounting Authority but is not a member of the Accounting Authority. The aggregate remuneration of members of the Accounting Authority and the number of members receiving remuneration within this category are:

Quarterly meeting and preparation fees

Special meeting and preparation fees

Ad hoc meetings

Total 2022/23

Total 2021/22

R’000

R’000

R’000

R’000

R’000

N Makhanya (Chairperson)

76 59 61 58 51 60

98 64 97 60 84 69

248 106 165

422 229 323 190 184 242

372 236 344 195 207 247

M Lekota D Cedras

L Shabangu M Moodley

72 49

M Matle

113

N Sekgaphane (GSC Chair)

60

114

167

341

300

195

BANKSETA ANNUAL REPORT 2022/23