{"id":329635,"date":"2019-07-17T18:00:34","date_gmt":"2019-07-17T16:00:34","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=329635"},"modified":"2019-07-17T16:51:49","modified_gmt":"2019-07-17T14:51:49","slug":"how-much-south-africas-top-ceos-are-paid-compared-to-other-global-executives","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/329635\/how-much-south-africas-top-ceos-are-paid-compared-to-other-global-executives\/","title":{"rendered":"How much South Africa’s top CEOs are paid compared to other global executives"},"content":{"rendered":"

The latest PwC Executive Directors Report provides an in-depth analysis of pay trends for chief executive officers, chief financial officers and executive directors in South Africa.<\/p>\n

Executive pay has drawn wide criticism and calls for further scrutiny in South Africa, but the debate is the same globally.<\/p>\n

As part of its research, PwC also looked at how executives were paid at some of the top companies in the world, specifically those trading on the FTSE 100 Index.<\/p>\n

The FTSE 100 (Financial Times Stock Exchange 100 Index) is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalisation.<\/p>\n

PwC tracked the pay of executives at the top of these companies, looking specifically at basic pay and stated benefits, making it comparable to the total guaranteed packages covered locally.<\/p>\n

According to PwC, South Africa’s top CEOs – from the 10 biggest companies listed on the JSE – averages just under R24 million.<\/p>\n

For the FTSE 100 companies, the average CEO is paid $1.78 million – or R24.9 million at current rates – putting South Africa’s top CEOs on pretty equal footing.<\/p>\n

Across different industries, the picture changes with industry specific CEOs on the FTSE 100 getting paid a lot more than local executives.<\/p>\n

The reason for this is likely down to purchasing power, which is not factored into a direct conversion. Using purchasing power parity figures (World Bank<\/a><\/strong>) the salaries are more in-line with local pay levels.<\/p>\n

However, accounting for purchasing power parity also makes the JSE top 10 CEOs appear to be earning double what their FTSE counterparts get paid.<\/p>\n

A caveat to this data is that it’s an average of the top 10 companies compared to an average of 100. A comparison looking at the top 10 companies on the FTSE would likely yield a very different result.<\/p>\n

The table below outlines the average salaries of CEOs, CFOs and EDs at the top 10 JSE-listed companies compared to their counterparts on the FTSE 100 – with a direct conversion and purchasing power conversion.<\/p>\n

\"\"<\/a><\/p>\n

The table below outlines the average salary for large cap CEOs at JSE listed companies compared to their FTSE 100 counterparts – with a direct conversion and purchasing power conversion.<\/p>\n

\"\"<\/a><\/p>\n

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Read: This is how much the average CEO earns each day in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The latest PwC Executive Directors Report provides an in-depth analysis of pay trends for chief executive officers, chief financial officers and executive directors in South Africa.<\/p>\n","protected":false},"author":10,"featured_media":180045,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[],"class_list":["post-329635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/329635","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=329635"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/329635\/revisions"}],"predecessor-version":[{"id":329925,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/329635\/revisions\/329925"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/180045"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=329635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=329635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=329635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}