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.

 

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.

SA CEOs take home R4.1m a year - excluding bonuses

2015-07-09 16:15

A report by PwC has found CEOs of JSE-listed companies were guaranteed to take home R4.1m, excluding bonuses and shares, in 2014.

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