Johannesburg – Average levels of executive pay remain exorbitantly high, relative to that of entry-level workers, according to a report by PwC.
PwC’s Executive Directors’ Remuneration report highlights pay increases for executives, which are viewed as excessive by the general public.
“It is clear that executive remuneration has grown substantially over the past two or three decades,” said Professor Jannie Rossouw, head of the School of Economics and Business Science at Wits University. “Earning more than R20m a year is not acceptable. It is not commensurate with the risk taken by these companies.”