R6.98m payout for Kaap Agri boss

Kaap Agri has paid its chief executive Sean Walsh a total remuneration package of R6.98 million for the year to end September 2019, up by 52.74 percent compared to 2018’s figure of R4.57m, according to the group’s annual report released yesterday. Picture: Michael Walker/African News Agency (ANA) archives.
DURBAN – 
Kaap Agri has paid its chief executive Sean Walsh a total remuneration package of R6.98 million for the year to end September 2019, up by 52.74 percent compared to 2018’s figure of R4.57m, according to the group’s annual report released yesterday.
Walsh’s 2019 package was boosted by the inclusion of R2.09m amount he received in the form of a long-term incentive (LTI) scheme, which was not paid in 2018.
However, his annual salary of R4.47m was up by 8.5 percent compared to R4.12m he received a year earlier. The 2019 figure also included a travel allowance of R80 000 and a retirement contribution of R342 000.  

Source: iol.co.za