As Shoprite CEO pay tops R117m, group wants to lock him in for six years
CEO total pay Engelbrecht’s total guaranteed salary was just over R22 million for the year ended 28 June 2026, an increase of 5% on FY25.“The difference arises from the timing of variable pay… TER [total earned remuneration] includes variable remuneration earned in respect of the current financial year’s performance, which is only payable after year-end, whereas TR [total remuneration] reflects variable remuneration actually paid during the reporting period, regardless of the performance year to which it relates.”The committee said it “remains satisfied that the scheme appropriately rewards exceptional long-term outperformance and remains strongly aligned to shareholder value creation through market share and relative total shareholder return performance conditions”.
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