DOUBLE TAKE
THE GOOD
SE-listed Blue Label Telecoms and Sasol made bold strides in executive accountability for non-performance. Blue Label executives were hit with pay cuts for failing to meet a number of targets in the last The board of Blue Label (which holds a 45% stake in Cell C), were “extremely disappointed” in the performance of Cell C, which largely contributed to Blue Label’s R6.6bn loss. Joint CEOs Brett and Mark Levy, who both took home R23.9m in 2018, had their remuneration cut 40% to R14.3m in 2019. Meanwhile Sasol showed it’s joint CEOs, Stephen Cornell and Bongani Nqwababa, the door in “an amicable mutual separation” following shortcomings in the execution of the Lake Charles Chemical Project, said Sasol in a statement.
