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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