These are the CEOs of the top five JSE-listed property companies by market cap, and how much they earn.
The five largest property companies listed on the Johannesburg Stock Exchange have a combined market capitalisation of a staggering R119.9 billion, resulting in notable CEO paydays—earning a collective R254,247 per day.
Growthpoint Properties, in its annual results, noted that South Africa’s property landscape has faced unprecedented challenges, including low domestic growth, volatile global markets caused by interest rates that remain higher for longer and rising geopolitical tension. Additionally, until interest rates started falling in SA and globally, Rapp said it was going to make more financial sense to invest offshore.
To standardise the salaries in this article, the total remuneration amounts were converted to rand using the applicable exchange rate as of 20 June 2024.Surprisingly, the CEO of the third largest JSE-listed property company, Vukile Property, is the highest-paid on our list. The group reports a notable market cap of R18.7 billion.
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