Exxaro Resources Limited, one of South Africa’s largest and most prominent mining companies, is known for its significant contribution to the global mining industry. As a leader in the sector, Exxaro’s CEO, Nombasa Tsengwa, plays a pivotal role in steering the company toward new avenues, including clean energy minerals like copper and manganese. But how much does the CEO of Exxaro earn for this important role?
Nombasa Tsengwa’s Salary Breakdown
Nombasa Tsengwa, appointed as CEO in August 2022, has a total annual compensation package of ZAR 23.51 million. This impressive figure is made up of two key components:
- Base Salary – Tsengwa’s salary comprises 33.8% of her total compensation. This reflects a strong base income, consistent with her senior role and leadership at Exxaro.
- Bonuses and Stock Options – A substantial 66.2% of her annual compensation comes from performance-based incentives. These include bonuses, company stock, and stock options, ensuring that her earnings are tied to the company’s performance and growth.
Ownership and Long-Term Incentives
In addition to her salary and bonuses, Tsengwa has a 0.058% stake in Exxaro’s shares, valued at approximately $1.32 million. This ownership interest aligns her personal success with that of the company, motivating her to drive Exxaro’s performance and long-term strategy forward.
Strategic Leadership and Impact
Since her appointment, Tsengwa has focused on expanding Exxaro’s portfolio into clean energy minerals. This strategic shift away from coal, with an emphasis on minerals like copper and manganese, demonstrates her leadership in positioning Exxaro for a sustainable future.
Under her guidance, Exxaro is making strides in the renewable energy space, which is essential for diversifying the company’s assets and securing a prominent role in global energy transitions. This transition also ensures the company remains competitive and compliant with the evolving global energy market.
Conclusion
Nombasa Tsengwa’s ZAR 23.51 million compensation package is reflective of her senior leadership position at Exxaro and her strategic role in shaping the company’s future. With her base salary, bonuses, and stock options, Tsengwa’s earnings not only align her with Exxaro’s financial success but also reinforce her commitment to leading the company through a transformative period in the mining industry. As Exxaro continues to grow and evolve, it is clear that Tsengwa’s leadership will be integral in driving both the company’s current and future successes.
Overview of Public Universities in South Africa
Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.
University of Pretoria
- Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
- Application Period: Usually opens in March and closes at the end of July for most programs.
University of Cape Town
- Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
- Application Period: Application opens in April and closes at the end of July.
Stellenbosch University
- Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
- Application Period: Opens in March and typically closes at the end of June.
University of the Witwatersrand
- Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
- Application Period: Begins in March and ends on the 30th of September.
University of Johannesburg
- Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
- Application Period: Opens in April and generally closes by the 30th of September.
University of the Free State
- Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
- Application Period: Typically opens in April and closes at the end of August.
University of Venda
- Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
- Application Period: Usually from May to September.
University of Fort Hare
- Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
- Application Period: Opens around May and closes at the end of September.
University of the Western Cape
- Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
- Application Period: Generally from May to September.
North-West University
- Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
- Application Period: Opens in March and usually closes by the end of August.
Rhodes University
- Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
- Application Period: Applications open in April and close at the end of September.
Nelson Mandela University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
- Application Period: Opens in April, with a deadline at the end of August for most programs.
Cape Peninsula University of Technology
- Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
- Application Period: Opens in May and typically closes by the end of September.
University of Limpopo
- Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
- Application Period: From April to September.
University of Zululand
- Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
- Application Period: Usually between April and November.
Central University of Technology
- Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
- Application Period: Application period generally starts in May and ends in October.
Vaal University of Technology
- Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
- Application Period: Typically from May to September.
Walter Sisulu University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
- Application Period: From April to September.
This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.