{"id":719882,"date":"2023-09-24T17:00:00","date_gmt":"2023-09-24T15:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=719882"},"modified":"2023-09-22T16:14:23","modified_gmt":"2023-09-22T14:14:23","slug":"the-10-industries-that-pay-the-highest-executive-salaries-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/719882\/the-10-industries-that-pay-the-highest-executive-salaries-in-south-africa\/","title":{"rendered":"The 10 industries that pay the highest executive salaries in South Africa"},"content":{"rendered":"\n

Professional services company PwC has published its report on South African executive directors for 2023, revealing the top-paying industries for executives in the country right now. <\/p>\n\n\n\n

The report analysed executive pay during the period from 1 March 2022 to 28 February 2023, focusing primarily on executive remuneration among companies listed on the Johannesburg Stock Exchange (JSE).<\/p>\n\n\n\n

The group noted that, in instances where executive directors have resigned from their roles on or before the cut-off date, they were excluded from the data set. Executive directors appointed after the company\u2019s financial year-end have also been excluded from the analysis.<\/p>\n\n\n\n

It added that, where directors were paid in foreign currency, their remunerations were concerted into rands using a one-year average exchange rate as of 28 February 2023.<\/p>\n\n\n\n

The firm also focused on the \u2018total guaranteed package\u2019 (TGP), which represents the portion of total remuneration regardless of employee performance. It is a fixed cost made up of basic pay plus a cash value attributable to benefits.<\/p>\n\n\n\n

As directors\u2019 fees rarely follow a standard distribution curve, the financial services firm provided a snapshot of the average TGP across three quartiles: lower \u2013 median \u2013 and upper \u2013 on the top 200 JSE-listed companies.<\/p>\n\n\n\n

An examination of TGP fees paid across the JSE shows that the average salary for chief executive officers (CEOs) was R9.36 million over the period.<\/strong><\/p>\n\n\n\n

By comparison, the average pay for chief financial officers (CFOs) was R5.93 million, and the average pay for executive directors was R4.84 million.<\/p>\n\n\n\n

Top paying Industries <\/strong><\/p>\n\n\n\n

As part of its analysis of executive director remuneration trends, PwC revealed the top 10 highest-paying industries on the JSE – averaging the pay across top management, including CEOs, CFOs, and Executive Directors (EDs).<\/p>\n\n\n\n

According to the data, the telecommunications industry pays the highest executive salaries, on average, across the JSE. The average telecoms executive gets paid an estimated<\/strong> total guaranteed package<\/strong> of R10.56 million<\/strong> – with the upper limit sitting around R13.57 million while the lower limit is R8 million. <\/p>\n\n\n\n

Consumer staples – including companies in beverages, food products, tobacco, household products and personal products – are the second highest-paying industry. Execs in these fields earn, on average, R9.82 million annually, with salaries ranging from R5.36 million to R13.23 million.<\/p>\n\n\n\n

Following consumer staples is the basic materials industry – such as mining – in third, with the average executive guaranteed <\/strong>pay estimated at R8.98 million annually, ranging from R4.88 million to R10.54 million. <\/p>\n\n\n\n

The table below lists the top 10 highest-paying industries in South Africa in 2023, as outlined by PwC.<\/p>\n\n\n\n

#<\/th>Industry<\/th>Average executive TGP <\/th><\/tr><\/thead>
1<\/td>Telecommunications<\/td>R10.56 million<\/td><\/tr>
2<\/td>Consumer Staples<\/td>R9.82 million<\/td><\/tr>
3<\/td>Basic Materials <\/td>R8.98 million<\/td><\/tr>
4<\/td>Technology <\/td>R7.91 million<\/td><\/tr>
5<\/td>Consumer Discretionary<\/td>R7.01 million<\/td><\/tr>
6<\/td>Finance <\/td>R6.36 million<\/td><\/tr>
7<\/td>Healthcare<\/td>R6.23 million<\/td><\/tr>
8<\/td>Industrials<\/td>R5.85 million<\/td><\/tr>
9<\/td>Energy <\/td>R5.74million<\/td><\/tr>
10<\/td>Real Estate <\/td>R4.45 million<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n
\n\n\n\n

Read: All the companies billionaire Patrice Motsepe owns<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

These are the industries where CEOs, CFO, and Executive Directors get paid the most in South Africa. <\/p>\n","protected":false},"author":10,"featured_media":684283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[2407,853],"class_list":["post-719882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-pwc","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/719882","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=719882"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/719882\/revisions"}],"predecessor-version":[{"id":720610,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/719882\/revisions\/720610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/684283"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=719882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=719882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=719882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}