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Mangosuthu University of Technology Annual Report

56

is a 5.6% increase. The adjustment on university residences

was 9.5% and on private leased residences was 8%. There

was a reduction in the number of beds from 6128 in 2014

to 5955 in 2015.

Total income

Total income increased from R553.030 million in 2014 to

R576.604 million in 2015 which is a 4.3% increase.

Expenditure:

Council controlled unrestricted

Council controlled expenditure amounted to R430.973

million compared to R396.619 million in 2014 which is an

8.7% increase.

Personnel Costs

Personnel costs amounted to R269.051 million compared

to R251.053 million in 2014 which is an increase of 7.2%.

The salary adjustment for the year was 7%.

There was an actuarial gain of R15.131 million on the

valuation of the pension fund liability.

The ratio of personnel costs to unrestricted income is 65%.

Gross Remuneration of Members of Council and Senior

Management

The gross remuneration of members of council is

presented in Table 10.1. The table summarizes payments

made for attendance at meetings of the Council and Sub

Committees for the year ended 31 December 2015. Table

10.2 presents a summary of gross remuneration of senior

management at MUT for the year ended 31 December

2015.

Table 10.1: Remuneration of Council Members

To whom paid

2015

2014

R’000

R’000

Council Members

NZ Qunta

18 000

16 000

MJ Ndlovu

18 000

12 000

M Morailane

18 000

2 000

EJ Sibeko

18 000

28 000

S Mavuso

12 000

10 500

D Chonco

12 000

12 000

C Ngidi

10 000

20 000

T Tsautse

12 000

8 000

MF Randera

22 000

12 000

S Keswa

41 875

27 500

MH Shangase

34 000

26 000

SN Maseko

18 000

16 000

G Msimang

30 000

20 000

SJ Ngwenya

59 000

29 000

Chairs of Committees

AD Newman

58 000

67 000

NV Magi

71 198

40 500

HG Hoorzuk

75 500

61 000

AC Zwane

49 500

35 500

TOTAL

577 073

443 000