{"id":184087,"date":"2017-07-06T19:00:45","date_gmt":"2017-07-06T17:00:45","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=184087"},"modified":"2017-07-06T15:50:45","modified_gmt":"2017-07-06T13:50:45","slug":"how-much-money-small-and-medium-company-ceos-earn-in-sa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/184087\/how-much-money-small-and-medium-company-ceos-earn-in-sa\/","title":{"rendered":"How much money small and medium company CEOs earn in SA"},"content":{"rendered":"

PwC\u2019s latest executive director\u2019s remuneration and practices report shows the average salary of executives for JSE-listed companies in South Africa.<\/p>\n

As at 28 April 2017, there were 1,174 (2015: 1,179) executive directors appointed to 360 active JSE-listed companies.<\/p>\n

Included in this total were 355 CEOs, 310 CFOs and 509 executive directors.<\/p>\n

PwC said that the age profile reflects that there is a slight downward trend, with a median age of 52 and an average slightly higher at 53.<\/p>\n

Board tenure for executive directors serving on the JSE remains relatively short at 4.8 years as reflected for reporting periods 1994 to 2016.<\/p>\n

JSE-listed companies<\/strong><\/p>\n

The report reviews the total guaranteed package (TGP) for executives paid during the reporting period and includes an overview of short-term incentives paid to executives.<\/p>\n

The average inflation in South Africa for the 2016 reporting period was 6.6%. Over this period, the average increase paid to junior workers was 16% while for executives this was 5.7%.<\/p>\n

The median executive pay for all JSE executives was R3.9 million versus R3.69 million in 2015.<\/p>\n

PwC said that for the first time, it reviewed the executive pay of the JSE top-10 companies which account for 60% of the JSE\u2019s market cap.<\/p>\n

The average executive pay for CEOs in this band is R24.6 million, while for CFOs the average is R13.8 million, and for EDs it\u2019s R7.7 million.<\/p>\n

AltX-listed companies<\/strong><\/p>\n

AltX is an alternative public equity exchange for small and medium-sized companies operated in parallel with and wholly owned by the JSE Securities Exchange.<\/p>\n

PwC pointed out that there were 46 actively trading companies listed on the AltX at its cut-off date.<\/p>\n

“The AltX provides smaller companies with access to capital, while providing investors with exposure to fast-growing smaller companies in a regulated environment, PwC said.<\/p>\n

The advisory firm’s data showed that the average small and medium-sized company chief executive was paid R2.1 million in 2016.<\/p>\n

It found that the average salary increase was 8.6% during that year.<\/p>\n

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Read: How much money the \u201caverage Joe\u201d CEO earns in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

PwC\u2019s latest executive director\u2019s remuneration and practices report shows the average salary of executives for JSE-listed companies in South Africa.<\/p>\n","protected":false},"author":10,"featured_media":89390,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26,2407],"class_list":["post-184087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-pwc"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/184087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=184087"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/184087\/revisions"}],"predecessor-version":[{"id":184129,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/184087\/revisions\/184129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/89390"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=184087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=184087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=184087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}