Mr Phillip David (married with no children) has been employed by MAXY Insurance (Pty) Ltd as a marketing manager since 1993. MAXY is a private company. On 30 November 2013 Mr David turned 56.
On 1 December 2013 Mr David was promoted to managing director of MAXY. His salary from that date increased by 100%. Mr David’s salary had been R 150 000 per annum for the past three years (ie before his promotion).