Dawie de Villiers receives $2 million compensation for 2024 fiscal year at Alexforbes Group

Feyisayo Ajayi -
Key Points
  • Dawie de Villiers, CEO of Alexforbes, saw his 2024 compensation surge 89.68% to $2.03 million, driven by long-term incentives and salary growth.
  • His long-term incentives soared 469.28% to $1.14 million, base salary rose 4.88%, and dividend bonus increased 16.05%, reflecting Alexforbes' success.
  • De Villiers’ 0.28% Alexforbes stake is worth $1.45 million, cementing his status as a top South African executive.

Dawie de Villiers, CEO of Alexforbes Group, a diversified financial services organization headquartered in Johannesburg, South Africa, received a compensation package of R36.35 million ($2.03 million) in the 2024 fiscal year.

This marks an impressive 89.68 percent increase from R19.16 million ($1.07 million) in 2023, primarily driven by a significant surge in long-term incentives and other key components of his remuneration.

The increase was fueled by a 469.28 percent rise in long-term incentives and a 4.88 percent boost in his base salary. Additionally, De Villiers' dividend bonus grew by 16.05 percent, reflecting his pivotal role in the group's robust performance during the year.

Compensation breakdown

A deeper dive into De Villiers’ compensation reveals that long-term incentives surged from R3.55 million ($199,430) in 2023 to an impressive R20.22 million ($1.14 million) in 2024—a remarkable 469.28 percent increase.

His base salary also climbed 4.88 percent to R6.27 million ($352,000), while his dividend bonus rose 16.05 percent.

Meanwhile, his annual bonus remained steady at R7.5 million ($421,000). These figures underscore De Villiers' integral contributions to Alexforbes' sustained growth and success.

Driving strategic transformation

Headquartered in Johannesburg, with operations in Namibia, Botswana, and Jersey in the Channel Islands, Alexforbes has thrived under Dawie de Villiers. Since his appointment as Group CEO on Nov. 1, 2018, De Villiers has led Alexforbes through transformative growth.

The company’s market capitalization has grown to R9.81 billion ($551.19 million), solidifying its position as a trusted advisor in the financial services sector. Innovations across employee benefits, investment management, and consulting have further enhanced its reputation.

Under his leadership, the company has achieved significant milestones, including increasing total equity to R4.59 billion ($257.58 million) and growing total assets from R309.25 billion ($17.32 billion) in 2018 to R423.66 billion ($23.78 billion) in 2024.

Dawie de Villiers’ stake in Alexforbes valued at $1.45 million

Beyond his salary and bonuses, Dawie de Villiers holds a 0.28 percent stake in Alexforbes, amounting to 3.5 million shares valued at approximately R25.9 million ($1.45 million).

This combination of equity and remuneration establishes De Villiers as one of South Africa's most prominent and affluent executives, a reflection of his impactful leadership and strategic vision.