South African tycoon Christopher Seabrooke, the CEO of Sabvest Capital, received a total compensation of R23.81 million ($1.26 million) from the Sandton-based investment holding company with long-term interests in 2022 due to his pivotal role in the holding company’s financial performance.
While Seabrooke’s 2022 compensation package is substantial, it represents a 12.77-percent decrease from the previous year’s reward of R27.29 million ($1.44 million).
The 2022 compensation package received by the South African tycoon comprises a base salary of R5.04 million ($266,003) and a performance-based short-term incentive of R13.95 million ($736,733) derived from the bank’s exceptional performance during the fiscal year.
He also received a long-term incentive award amounting to R3.34 million ($176,594) by the institution as an acknowledgment of his unwavering dedication to the investment holding company and his wealth of expertise as a seasoned professional.
Seabrooke’s influence extends far beyond his role at Sabvest Capital. As a director of organizations such as Brait and Transaction Capital Limited, he strategically guides and drives these companies’ growth, leveraging his extensive expertise.
Under Seabrooke’s leadership, Sabvest Capital has developed a diverse investment portfolio, encompassing both unlisted and listed investments. This balanced and strategic approach has enabled the company to seize lucrative opportunities and achieve meteoric growth.
Seabrooke, who has been Sabvest Capital CEO since 1987, has played a pivotal role in the company’s growth, marked by numerous milestones. Over the course of four decades, he has led Sabvest Capital to impressive financial achievements.
In addition to his executive and governance roles, Seabrooke holds a controlling 40.61-percent stake in the Sandton-based investment holding company, equivalent to 16,000,000 shares valued at nearly $60 million.
