JSE-listed companies are growing more sensitive to their internal pay gaps, awarding junior workers much higher salary increases than senior executives in an attempt to narrow the divide, says PwC. For the 12 months to April 2017, JSE-listed firms gave junior workers an average 16% salary increase, while executives received an average 5.7% rise in pay, PwC said on Thursday on the release of its report into the remuneration trends of executive directors. Inflation over the period averaged 6.6%. Executives were awarded increases below this because they came off a much higher base relative to junior workers. The large salaries paid to executives continue to be a hot topic of debate in a country with rising unemployment and one of the worst rates of inequality in the world. Last week, Deloitte released a report showing that senior executives in the JSE’s Top 100 companies earn an average R69,000 a day. This as the country’s official unemployment rate reached its highest level since 2003...

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