South African CEOs: How much they earn, and what pay hikes they are getting this year | BISouthAfrica
The CEOs of the ten biggest companies listed on the JSE earned an eyewatering R23.6 million. Photo: Elvira Wood
The report also found that 86% of CEOs at the 100 biggest companies were white, and that they earn on average 15% more than the median salary of their black, coloured, and Indian counterparts.For more articles, go toThe median pre-tax salary of a CEO of a listed company in South African reached R5.242 million in the year to end-February 2020, according to a new report by PricewaterhouseCoopers.
“The analysis supports the argument for the living wage, and indicates that at least from a South African perspective, efforts at reducing income disparity within our country may be better directed at increasing the pay of the lowest level workers, rather than seeking to cap executive pay at the top.”
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