Shoprite execs get R115m in shares

Thirteen Shoprite Holdings executives recently received share awards valued at R115 million, a significant portion of which went to the company's top leaders. CEO Pieter Engelbrecht took home the largest share, receiving R35.5 million in award-linked shares, while CFO Anton De Bruyn received R26.3 million. The majority of these awards came from three programs: the executive share plan, short-term deferred incentives, and retention share awards.

De Bruyn even transferred a portion of his short-term deferred shares to his wife, Zyla, as well as nearly 37,000 shares to the Lazz Family Trust, of which he is a beneficiary. The shares were valued at R11.5 million on Friday. Engelbrecht also received R20.019 million in total remuneration for the 2025 financial year, up 6% from the previous year.