ECIC IR 2023

Integrated Report 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

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 2: Executive remuneration

2023 R’000

Basic salary

Bonus paid

Provident fund

Cell phone allowance

Acting allowance

Other benefits*

Total

K Kutoane – Former Chief Executive Officer 1 M Nkuhlu – late Chief Executive Officer 2 C Kgoale 3 – Former Company S Thwala 4 – Acting Company Secretary X Mpanza 5 – Company Secretary 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 K Kutoane – Chief Executive Officer (Director) C Kgoale – Company Secretary the late M Nkuhlu – Chief Operations Officer N Mkhathazo – Chief Financial Officer S Esterhuizen- Chief Actuarial 2022 R’000

1 046 1 594

-

16

-

16

2 672

2 666 1 023

258

36

191

309

4 483

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

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

Basic salary

Bonus paid

Provident fund

Cell phone allowance

Acting allowance

Other benefits*

Total

3 925 1 538

-

44

-

76

5 583

1 263

389

127

21

-

64

1 864

2 503

999

246

30

-

226

4 004

2 014

799

319

30

-

51

3 213

2 397

917

307

24

-

17

3 662

& Investment N Maphula – General Counsel J Omollo – Chief Risk Officer

1 716

723

271

30

-

236

2 976

1 894

723

300

30

-

17

2964

15 712 6 088

1 570

209

0

687

24 266

* Other benefits comprise of travel allowance, medical benefits, connectivity allowance and social security contributions. 1 Former Chief Executive Officer- term of employment came to an end on the 30 June 2022 2 The Corporation’s Chief Operations Officer was appointed as the Acting Chief Executive Officer with effect from 01 July 2022 and was appointed as the Chief Executive Officer with effect from 01 December 2022

3 Former Company Secretary-resigned with effect from 17 June 2022 4 Appointed Acting Company Secretary with effect from 30 July 2022 5 Appointed Company Secretary with effect from 01 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 01 July 2022

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