Home » South African executive Osman Arbee pockets $4-million salary in 2023

South African executive Osman Arbee pockets $4-million salary in 2023

Arbee, CEO of Motus Holdings, sees compensation soar to $4.02 million in 2023

by Yusuf Abdulfatai
Osman Arbee

South African business executive Osman Arbee — the group CEO of Motus Holdings — received a total compensation package of R76.00 million ($4.02 million) in 2023 from the leading provider of automotive mobility solutions and vehicle products and services.

The compensation package represents a notable 57.93-percent increase from the prior year’s salary of $2.55 million — reflecting Arbee’s contributions to the financial performance of the South African-based automotive mobility solutions company throughout 2023.

His 2023 compensation package comprises a base salary of R12.3 million ($0.65 million) and a performance-based short-term incentive of R15.96 million ($0.84 million) — a direct reflection of his pivotal role in leading the group toward impressive financial milestones during the year.

Arbee’s Path: CEO ascension and leadership legacy at Motus Holdings

Arbee assumed the role of Motus CEO in October 2017, bringing with him a wealth of experience from various positions at Imperial. At Imperial, he served as CEO and CFO, led the car rental and tourism division as CEO, and chaired the aftermarket parts and automotive retail divisions.

Recognized as a high-performing business executive, Arbee received additional acclaim for his dedicated leadership and expertise at Motus Holdings. This was reflected in a long-term incentive of R47.75 million ($2.53 million) that he received in 2023.

Arbee’s dual role: Motus leader and investor aligns personal stake with success

Under Arbee’s leadership, Motus has strengthened its position as a global automotive solutions provider, with a robust presence in key markets including South Africa, the United Kingdom, Australia, South East Asia, and Southern and East Africa.

In the 2023 fiscal year, Motus showcased impressive financial performance, as its revenue surged by 15.59 percent to R106.32 billion ($5.63 billion), up from R91.98 billion ($4.87 million) in 2022. The company’s assets experienced a notable increase, rising by 57 percent to R62.55 billion ($3.31 billion) in 2023 from R39.82 billion ($2.11 billion) in 2022.

In addition to his executive and governance roles, Arbee holds a 0.07-percent minority stake in Motus Holdings Limited, equivalent to 132,645 shares. At present market prices, this translates to a R13.66-million ($0.72 million) investment, aligning his personal interests with the company’s success.

You may also like


The world’s premier source of news on Africa’s billionaires and UHNWIs.


Get the daily email to stay informed about African billionaires and UHNWIs. Get informed and entertained, for free.

Latest News

@2024 – Billionaires.Africa. All Rights Reserved.