ANN CROTTY: Even on paper it doesn’t look good
McKinsey calls the achievements of the financial industry ‘paper wealth’ — but people like Francois Gouws are doing very well out of it
01 June 2023 - 05:00
Hands up those who think PSG Konsult’s CEO should be paid as much as Capitec’s CEO?
PSG Konsult has a market capitalisation of R15.2bn and Capitec’s is R163bn. Of course, market cap doesn’t tell you everything about a company and though both companies are involved in the financial sector, their activities are quite dissimilar...
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