Rainbow gives Dally a 58% pay rise
July 21, 2005
By Samantha Enslin
Miles Dally, the chief executive of Rainbow Chicken, received a 58 percent rise in his annual package to R4.2 million, including a R1.2 million bonus, for the year to March 2005.
Non-executive chairman Thys Visser, who sits on the remuneration committee, could not be reached for comment on the increase yesterday.
The group`s annual report said bonuses paid related to the financial year to March 2004, when Rainbow reported a 24 percent increase in headline earnings to R227.4 million.
In the year to March 2005 Rainbow reported a 6.3 percent dip in headline earnings to R213 million
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