Financial Periods |
FY2010 |
FY2011 |
FY2012 |
FY2013 |
FY2014 |
FY2015 |
FY2016 |
31/03/2017 |
|
Incentive Bonus (Long Term Incentive) in Rands |
0 |
500529.20 |
459907.4 |
0 |
0 |
0 |
0 |
0 |
|
The Long Term Incentive Scheme was a Retention scheme that was earmarked for employees whom the company wished to retain. |
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Eligibility: |
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High Performers who scored a minimum of 70% in their annual performance. |
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Mechanics: |
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The scheme operated on a phenomenon of banking the financial amounts the individuals qualified for each financial year, and only availing the amount at the end of the 3 years. In order to qualify, the individual had to maintain performance of 70% and above. |
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Mogokare Richard Seleke Lynne Brown, MP
Director-General Minister of Public Enterprises
Date: Date: