Insurance and finance group Discovery has published its integrated annual report for 2018, revealing what its top executives got paid for the year.
Group CEO, Adrian Gore, was rewarded with a total package of R19.8 million, including a R6.6 million basic salary, a bonus of R7.8 million, long-term incentives of R4.1 million and other benefits of R1 million and R313,000.
Gore’s incentives were largely based on the handling of Discovery Bank, which is set to launch as South Africa’s next big full service bank in the coming months. He also saw that the group hit its growth targets and ran a profitable business, Discovery said.
Group financial director, Deon Viljoen earned a R10.2 million total package, while CEO of Discovery Life Hylton Kallner was the highest-paid exec with a total package of R29.2 million.
Kallner’s huge payday was due to a R17.6 million LTI payout, which was as a result of the vesting of a three-year LTI scheme.
CEO of Discovery Hea