ECIC AR 2024 9TH

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

Integrated Report 2024

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

Table 11: Renumeration for Executive Director and Executives 2024 2024 R’000 Basic salary Provident fund Cell phone allowance

Acting allowance

Other benefits*

Total

M Nkuhlu – Late Chief Executive Officer 1 X Mpanza – Company Secretary

912

97

14

-

110

1 133

1 209

121

21

-

65

1 416

N Mkhathazo - Chief Financial Officer S Esterhuizen – Chief Actuarial & Investment N Maphula – Acting Chief Executive Officer & Acting Chief Operations Officer 2 J Omollo – Chief Risk Officer D Naicker – Acting General Counsel 3

2 468

278

30

-

84

2 860

2 680

344

20

-

44

3 088

2 111 2 350

336 375

30 30

255

248

2 980 2 796

-

41

-

-

-

180 621

29

209

11 730

1 551

145

435

14 482

1 Former Chief Executive Officer- Passed away in July 2023 2 The Corporation’s General Counsel was appointed as the Acting Chief Operations Officer with effect from July 2022 and Acting Chief Executive Officer with effect from July 2023. 3 Appointed Acting General Counsel with effect from 1 July 2022

Table 12: Renumeration for Executive Director and Executives 2023 2023 R’000 Basic salary Bonus paid Provident fund Cell phone allowance

Acting allowance

Other benefits*

Total

K Kutoane – Former Chief Executive Officer 1

1 046 1 594

-

16

-

16

2 672

M Nkuhlu – Late Chief Executive Officer 2

2 666 1 023

258

36

191

309

4 483

C Kgoale – Former Company Secretary 3 S Thwala – Acting Company Secretary 4 X Mpanza – Company Secretary 5 N Mkhathazo – Chief Financial Officer S Esterhuizen – Chief Actuarial & Investment N Maphula – Acting Chief Operations Officer 6 J Omollo – Chief Risk Officer D Naicker – Acting General Counsel 7

262

-

32

6

-

14

314

-

-

-

-

61

-

61

202

-

20

-

-

9

231

2 223

828

346

30

-

52

3 479

2 518

947

322

25

-

16

3 828

1 981 1 626

824

313

30

187

221

3 556

2 135

824

338

30

-

24

3 351

-

-

-

-

135 574

-

135

13 033 6 040

1 629

173

661

22 110

*Other benefits comprise of travel allowance, medical benefits, connectivity allowance and social security contributions. 1 The contract term for Mr K Kutoane as CEO came to an end in June 2022 2 Mr M Nkuhlu (COO) was appointed to act as CEO and was confirmed as CEO by the Minister of the dtic in December 2022. 3 Mr C Kgoale resigned as company secretary in June 2022 4 Appointed Acting Company Secretary with effect from 30 July 2022 5 Appointed Company Secretary with effect from 1 February 2023 6 The Corporation’s General Counsel was appointed as the Acting Chief Operations Officer with effect from 01 July 2022 7 Appointed Acting General Counsel with effect from 1 July 2022

YOUR EXPORT RISK PARTNER

73