Monday, July 18, 2016

South Africa's rich CEOs

South Africa’s PwC’s latest executive director’s remuneration report shows that the pay spectrum across the JSE, the median salary for executives has increased by 12% between 2014 and 2015 to R3.7 million, where CEOs saw the median salary jump by 10.7%, to R4.6 million, with the upper quartile seeing an 8% increase to R7.7 million.

In global markets, it is becoming increasingly more common for companies to cap bonus pay to 100% of an exec’s guaranteed salary – this is not in effect in South Africa.

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