SHOPRITE’S top man, Whitey Basson, took home a little more than R100m in the year to June 30 2016 — an amount double his earnings in 2015 — after delivering what the group called excellent results during the period.The group’s annual integrated financial report showed that Basson took home R49.7m in basic pay, and was awarded a one-off discretionary cash bonus adding another R50m.In its rationale, the remuneration committee said it took into consideration the fact that Basson had not claimed any increases in three years. He had not received any short-term incentive payments nor had he received benefits from any long-term incentive plans in the past five years, the committee said.It had also factored in Basson’s length of service to the company of about 45 years and the results the group had achieved in the 2016 financial year "during very challenging economic circumstances".In the report, the committee tackled questions from shareholders who sought clarity about the reason for Basso...
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