South African executive John Copelyn earns $1.2-million salary in 2023

John Copelyn, a leading South African executive and the CEO of HCI Limited — a Cape Town-based investment holding company — received a compensation package totaling R22.14 million ($1.17 million) from the group at the end of its 2023 financial year.

In 2023, Copelyn’s compensation experienced a notable increase of 11.67 percent compared to the previous year, when it stood at R19.82 million ($1.05 million), reflecting the commendable progress achieved under Copelyn’s leadership.

The compensation package comprises a base salary of R8.62 million ($0.46 million), along with a short-term incentive of R6.47 million ($0.34 million). Additionally, Copelyn received a long-term incentive of R7.04 million ($0.37 million), highlighting the outstanding performance of the investment company throughout the year.

From parliament to prosperity: Copelyn’s strategic impact on HCI’s ascension

Hosken Consolidated Investments Limited (HCI) is a South African black empowerment investment holding company. HCI’s diverse portfolio includes investments in hotel and leisure, interactive gaming, media and broadcasting, transport, mining, and properties.

Assuming the role of CEO in 1997, Copelyn has played a key role in the growth of HCI, bringing in a wealth of experience from distinguished positions in Parliament and as the general secretary of the Southern African Clothing and Textile Workers’ Union.

He presently chairs several HCI subsidiary firms, such as Deneb Investments Limited, eMedia Holdings Limited, Tsogo Sun Limited, and associate company Southern Sun Limited – all publicly traded on the Johannesburg Stock Exchange.

Copelyn’s strategic leadership propels HCI to record-breaking 58.6-percent profit surge in 2023

Under Copelyn’s leadership, HCI experienced substantial financial growth in the 2023 fiscal year. The company’s profit surged by 58.6 percent, reaching R5.08 billion ($268.89 million) from R3.20 billion ($169.54 billion) in 2022.

Additionally, total assets increased to R51.86 billion ($2.75 billion) from R47.22 billion ($2.50 billion), accompanied by an 18.2-percent rise in revenue, reaching R12.57 billion ($665.81 million) from R10.64 billion ($563.36 million).

In addition to his executive role, Copelyn maintains a 7.6-percent stake in HCI Limited, equivalent to 6,490,077 shares valued at R1.15 billion ($61.11 million). This strategic alignment underscores Copelyn’s commitment to HCI’s sustained success.