WATCH UNTIL THE END🔥
1- I don’t mind losing in court every week. As soon as I leave court after losing, I’m posting.
2- They use the same inkambi to kill
3- This is the era of Street Journalism
4- How Ekurhuleni used to be the BEST CITY.
ABSA’S PROPOSED BOARD FEES AND THE ECONOMICS OF BOARD ACCESS
As Absa continues to dominate public conversation, shareholders are today expected to vote on the proposed remuneration of non-executive directors for the 2026/2027 period.
If approved, the fees will apply from 1 June 2026 to 31 May 2027.
The proposed fees are:
*Board Chairman: R8,124,334
*Lead Independent Director: R290,306
*Board members: R728,556
These figures are exclusive of VAT where applicable.
The numbers matter.
Not because board service should be reduced to money, but because they reveal a truth many professionals are never taught:
Board access is also economic access.
June marks the end of the first half of the year. It is a natural moment to review income, positioning, visibility and missed opportunities.
I have often hesitated to speak openly about board fees because a board seat is not a side hustle. It is a fiduciary responsibility requiring judgment, preparation, ethics, oversight and accountability.
But we must also be honest.
Part of the reason the same names continue to circulate across boards is that they understand the economics of governance access. They know that board appointments can strengthen their finances, expand their influence and keep them visible for future opportunities.
Meanwhile, many capable and ethical professionals do not even know what board fees can look like, or that advisory roles can become pathways into formal board appointments.
This is why board fees must be demystified.
Not to attract greedy people.
To inform ethical people.
In my view, serious board candidates should aim, over time, for a maximum of three meaningful board or advisory roles per annum.
Three roles where they can prepare properly, contribute meaningfully, read deeply, ask the right questions and serve with integrity.
One of our own candidates started with an unpaid advisory board role.
Zero fees.
Just proximity, learning, positioning and governance exposure.
Today, at only 34, she holds two paying board roles over and above her primary professional income.
One pays approximately R589,000 per annum.
The other, converted from a dollar-based committee role, pays approximately R627,000 per annum.
That is an additional board-fee portfolio of:
R1,216,000 per annum
This is not her salary.
It is additional income created through governance readiness, credibility and positioning.
Board service is not a side hustle.
But let us stop pretending board fees are irrelevant.
#AskAsanteOnBoards
I remember after we at BMF YP in Gauteng hosted former MEC of Finance in the province. We had a chat about the R500million distribution, now this was expected.
Premier Dr Phophi Ramathuba calls out lazy Mahwelereng nurses 👏👏
Nurses at the facility reportedly arrive at 07:00 but only attend to patients at 09:00
This women is Leadership 🙌🙌🙌 give her Flowers
#TembisaHospitalCapture| SIU OBTAINS PRESERVATION ORDER FOR R6.4 MILLION LUXURY PROPERTY AND R1.8 MILLION FROM PENSION FUND OF FORMER TEMBISA HOSPITAL OFFICIAL AND UNVEILS SYNDICATE X
The Special Investigating Unit (SIU) has obtained a preservation order and an interim interdict over an immovable property valued at R6.4 million and R1.8 million in pension benefits belonging to Duduzile Nkosazana Nobungwana, a former supply chain clerk at Tembisa Hospital in Gauteng. Nobungwana resigned in the middle of a disciplinary hearing.
(Infographics to follow. Image source: News24)