CIPC Annual Report V1

Companies and Intellectual Property Commission Annual Financial Statements for the year ended 31 March 2021 Notes to the Annual Financial Statements

2021

2020

R '000

R '000

24. Key Management emoluments (continued)

2020

Name

Designation

Emoluments Long service award

Travel and subsistence allowance

Performance bonus

Total

Adv Rory Voller

Commissioner

2 339

-

60

-

2 399

Ms Hamida Fakira-du Toit

Executive

Manager:

1 846

-

-

85

1 931

Corporate Services

Mr Lungile Dukwana

Chief

Strategy

1 808

-

5

104

1 917

Executive

Mr Muhammed Jasat

Chief Financial Officer

1 530

-

1

88

1 619

Mr Andre Kritzinger

Executive

Manager:

2 107

-

-

122

2 229

Business Intelligence

Mr Mpho Mathose

Chief Audit Executive

1 407

-

3

81

1 491

Ms Nomonde Maimela

Executive Manager: Innovation and creativity

2 063

5

28

121

2 217

Ms Bathabile Kapumha

Divisional Manager: Risk, Governance and Compliance

1 599

-

1

92

1 692

14 699

5

98

693

15 495

* - Mr Andre Kritzinger was seconded to the dtic for the period 01 November 2020 - 18 Janury 2021, refer note 32. Mr Samson Sekhobela acted in the position of Mr Andre Kritzinger during his secondment.

25. Pension

The CIPC provides a defined benefit scheme for its employees which is the Government Employees Pension Fund (GEPF). Contributions to the pension plan in respect of service in a particular year are included in the employees’ total cost of employment and are charged to the statement of financial performance in the year to which they relate, as part of the cost of employment. The CIPC has no legal or constructive obligation in respect of normal retirements to pay further contributions if the GEPF does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior years. Any potential liabilities are disclosed in the financial statements of the National Revenue Fund and not the financial statements of CIPC.

The total economic entity contribution to such schemes

26 574

25 323

29

COMPANIES AND INTELLECTUAL PROPERTY COMMISSION I Annual Report 2020/21

99