The Naspers AGM in August 2016 probably represented the low point of the company’s relations with shareholders, where an unpleasant exchange between chairman Koos Bekker and shareholder activist Theo Botha saw Bekker refuse to take further questions and a member of the board’s inner clique storm out in petulant protest.
Reporting has also improved, with clearer links between strategy, performance, remuneration design, and remuneration outcomes, particularly how short and long term incentives are awarded. What is not discernible is how easy or difficult it is to achieve the financial and other targets as the two executive directors seem to achieve the targets easily, notes Asief Mohamed, CIO of Aeon Investment Management.
The first component of the LTI is based on share appreciation rights which are measured on the difference in total value of the discrete assets within the e-commerce scheme over a four-year phased vesting period. This accounts for 41% of the incentive. In its results for the 2019 financial year, Naspers delivered revenue of $19-billion, up 29%, with core headline earnings rising 26% to $3-billion and free cash flow of $120-million.
sashaplanting Why not? These okes are money magnets
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK: Hydrogen fuel-cell cars could spell boom or bust for SA platinum industryEffervescent multi-entrepreneur Elon Musk famously described hydrogen-powered fuel-cell cars as ‘mind-bogglingly stupid’. The 200,000-plus people employed in SA’s platinum mines better hope he is wrong, because if he is right, the platinum industry is destined to go the same way as SA’s gold industry.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Monday, July 22: Five Things You Need to Know to Start Your DayHong Kong protests descend into violence again, the U.K. steps in to lower Iran oil tensions, and Japan’s Prime Minister Shinzo Abe falls short of a supermajority despite election win. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: India Closely Monitoring 50 Shadow Banks for Signs of ContagionIndia’s central bank is seeing “signs of fragility” in some of the 50 mortgage lenders and other shadow banks it is monitoring to prevent the spread of a crisis that followed the collapse of a non-bank lender last year.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil Extends Gains as Iran’s Seizure of Tanker Keeps Tension HighOil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan production fell after an unidentified group reportedly shut the country’s largest field.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: From Tesla to Twitter; the mixed-bag results season so farThe upbeat picture painted by July's blowout bank earnings heralded a promising earnings season. Too bad other industries didn’t get the memo.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Community wants ConCourt to declare R5bn Lonmin deal illegalSix North West mining communities have launched an application at the Constitutional Court to appeal against a Competition Appeal Court judgment that paved the way for the more than R5-billion merger between Sibanye and Lonmin to be approved. They want both companies to restart merger talks, this time involving Rustenburg mining communities.
Source: dailymaverick - 🏆 3. / 84 Read more »