With the right announcements the markets would react positively, support the government in seeking growth, writes Melanie Verwoerd.
Morning clouds. Cool.
Eskom has hit back at reports that it has paid out performance bonuses, but instead asserted it has made provision for 13th cheques as per employment contracts.
At large companies, ordinary non-executive members on listed company boards are paid an average of more than R646,000 per year.
The PIC board is engaging with Treasury to develop a new remuneration policy for staff, members of Parliament heard.
Staff in Public Enterprises Minister Pravin Gordhan's private office amounts earn salaries totaling R16.5m, according to the minister.
CEOs of South Africa’s top companies earned a median of R5.4m in 2018, up from R5.2m in 2017, which represents R450 000 per month, a new trend report has found.
South African ambassadors get generous allowances and "hardship" travel perks on top of salaries that are among the highest in the civil service – with no top diplomat earning under R1 million per year.
It's no secret that CEOs of some of the biggest companies listed on the local stock exchange are millionaires, some of which are lucky to be earning their salaries in dollars and even in pounds.
Naspers has vowed to be transparent about its executives' earnings, the AGM heard on Friday.
Women of both races, however, receive larger remuneration packages than men when poached.
Cash has proven to be a short-term booster for employees. There are less expensive ways to show appreciation.
Apple Chief Executive Officer Tim Cook made $125m (about R1.8bn) in the company's 2019 fiscal year, less than the year before due in part to a lower bonus.
"I need my account to match my lifestyle and taste."
Electricity workers saw a large annual increase of 8.7%, and on average earned almost R44,000.
The report also found that 85.9% of listed South Africa companies are white.
A new working paper from the Reserve Bank suggests the private sector may be responsible for driving up salaries in the public sector – and shows which sectors have seen the fastest average growth in remuneration.
The Western Cape and Northern Cape now offer higher average salaries than Gauteng.
KwaZulu-Natal traditional leaders are not happy about the monthly "stipend" they receive from the government, saying that it's not enough for them to support their families.
The top 200 directors in SA collectively increased the value of their holdings by 63% since 2008 – in comparison the average South African adult’s wealth rose by only 29%.
Naspers has denied that its CEO Bob van Dijk earned R1.6bn in the year ended 31 March 2018, saying that he has not cashed in vested share options.
Donald Trump’s personal driver for more than 25 years says the billionaire real estate developer didn’t pay him overtime and raised his salary only twice in 15 years.
Cape TownO'Dwyer Personnel
Western CapeOdwyer PersonnelR14 000.00 Per Month
R 2 260 000
R 8 300 000
R 2 500 000
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