Growing number of shareholders object to Shoprite executive pay

2018-11-01 08:04

Shareholders who own more than 40% of Shoprite have objected to the salaries the retailer plans to pay its bosses.

CEO pay at SA's 10 biggest companies rises to R24.9 million

2018-07-12 11:59

A new report by PwC also found that only 2.2% of the CEOs at JSE-listed companies were women.

'We were maybe a little bit naive': Grindrod Bank has un-redacted its executive pay numbers

2018-04-26 16:25

Grindrod Bank says it was just trying to keep big banks from poaching its people.

'Sassa bank' Grindrod published financial statements – with all payments to its directors blanked out

2018-04-25 17:59

Last year, as controversy around the payment of social grants started to mount, the small bank started to take a new approach to disclosing executive pay: only on request.

Apple CEO Cook pockets $102m after 74% bonus hike

2017-12-28 09:16

Apple CEO Tim Cook has received a 74% increase in his annual bonus for fiscal 2017 as the iPhone maker posted higher revenue and net income, after a rare decline a year earlier.

BP boss could get 40% pay cut after shareholder revolt

2017-04-07 10:13

BP chief executive Bob Dudley could see his overall pay for 2016 cut by 40%, following a rebellion by shareholders last year over his remuneration.

CEOs in SA will earn your annual salary in 7 hours

2017-01-06 09:34

South Africa’s richest chief executive officers top an income gap study, which shows how quickly they will earn the annual salary of their average countrymen.

SA salaries: How much is enough? Monster pay in spotlight

2016-10-10 14:30

South Africans reckon R100m pay packet for Shoprite boss Whitey Basson is acceptable, but draw the line at a R33m bonus.

Do mining execs deserve pay? David Christianson – yes every cent.

2016-08-30 09:59

An analyst argues for executive pay, saying it’s a soft target and slashing the earnings of those tasked with managing the operations is not the answer to mining's woes.

Anglo shareholders revolt over executive pay

2016-04-22 11:42

Anglo American has survived a shareholder revolt on executive pay at the mining company’s annual general meeting.


CEOs of SA's biggest firms earn 64 times the salary of average workers

2018-07-12 18:02

This figure, referred to by economists as a company's "pay ratio", is included in a new report on executive remuneration in South Africa, released on Thursday by PwC.

Spur just won a R48 million tax battle – with implications for executive share schemes

2018-05-09 19:03

The money paid to a trust to put into a company to buy shares in the company the money came from.. is a business expense after all, the tax court ruled.

Here’s what the numbers Grindrod Bank didn’t want to disclose show – a 39% pay hike for its top executives

2018-04-25 20:30

The bank, best known for its work in social grant payments, gave its directors a collective increase just shy of 39% in 2017 – and then redacted the numbers so badly that they could be reconstructed.

Steinhoff scraps vote on extra pay for directors at AGM

2018-04-05 09:13

Chairperson Heather Sonn says Steinhoff does not want the proposal for once-off payments to detract from 'critical matters' to be considered at its upcoming Annual General Meeting.

Naspers investor Allan Gray to vote against executive pay policy

2017-08-22 06:01

Naspers shareholder Allan Gray plans to vote against the firm's remuneration policy because it isn’t aligned to the performance of the business outside a stake in Tencent.

JSE non-executive directors’ fees surge

2017-01-25 11:37

A report by PwC has highlighted that fees for board chairpersons have risen by 10% to R520 000 in 2016, compared to the previous year.

CEOs of JSE-listed firms rake in about R13m - report

2016-11-23 05:45

The average increase of CEOs' total pay climbed by 11% from R7.6m in 2009 to R13.3m in 2015, according to a new report.

290 years to earn what Shoprite boss got in one month

2016-10-05 09:37

It would take a worker in a Checkers deli about 290 years to earn what Shoprite CEO Whitey Basson was paid in a month in the past financial year.

How exorbitant exec pay stacks up against minimum wage demands

2016-07-15 17:24

Regulation of executive pay can help ease the huge discrepancies between minimum wage demands and excessive salary increases for executives, says an analyst.

Mark Bussin: The man who sets Jacob Zuma’s salary

2015-08-11 15:12

Mark Bussin talks about the other side of the pay debate, explaining why leaders like Jacob Zuma and most JSE-listed company CEOs deliver good value to stakeholders.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.