{"id":621217,"date":"2022-09-09T14:03:36","date_gmt":"2022-09-09T12:03:36","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=621217"},"modified":"2022-09-09T14:03:36","modified_gmt":"2022-09-09T12:03:36","slug":"heres-how-much-money-ceos-at-south-africas-biggest-companies-earn","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/621217\/heres-how-much-money-ceos-at-south-africas-biggest-companies-earn\/","title":{"rendered":"Here’s how much money CEOs at South Africa’s biggest companies earn"},"content":{"rendered":"

Recent remuneration data from PwC has revealed how many top CEOs in some of South Africa’s largest companies each year.<\/p>\n

In its latest Practices and Remuneration Trends Report for 2022, the financial services company reported that so-called ‘super-cap’ companies such as BHP Group, Anglo America, Naspers and Glencore amount for a large portion of the total market capitalisation of the JSE.<\/p>\n

PwC reported that CEOs in such companies earn high TGPs (Total Guaranteed Package), which include an annual basic salary plus any guaranteed benefits.<\/p>\n

\"\"<\/a>An examination of fees paid across the JSE\u2019s super caps showed that the average salary for chief executives was R27.74 million<\/strong>, reported PwC.<\/p>\n

It added that an examination of TGP fees paid across the JSE shows that the median salary for chief executives was R5.71 million\u00a0<\/strong>over the period.\u00a0 By comparison, the median pay for chief financial officers was R3.63 million<\/strong>, and the median pay for executive directors was\u00a0R3.76 million<\/strong>.<\/p>\n

PwC provided the below graph indicating the average package for CEOs in super cap companies.<\/p>\n

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

On top of the base salary acquired each year, CEOs often are awarded short-term incentives that seek to retain talent and longer-term incentives that vest later.<\/p>\n

Such incentives can be given in the form of cash or shares in the company. In Remuneration Reports for publicly listed companies, the salary of non-executive and executive staff is thought out thoroughly. In terms of chief executives, their remuneration is often tied to their performance within a company, with various metrics being taken place into account.<\/p>\n

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BusinessTech looked at the top 20 JSE listed companies – in terms of market cap from Sharedata<\/b><\/a> – and compared the pay between the company’s chief executive officers.<\/p>\n

Total remuneration includes:<\/p>\n