In one fell swoop, PwC appears to have eliminated SA’s socially destabilising wage gap. The auditing firm’s recently released "Practices and Remuneration Trends Report — Executive Directors" analyses publicly available information on executive remuneration at JSE-listed companies for the period May 1 2019 to February 29 2020.

PwC concludes that the median pay of a JSE CEO is only 18 times that of a semiskilled employee, and 24 times that of an unskilled employee. The gap between CEO pay and the national minimum wage — acknowledged by PwC to be insufficient to support a decent standard of living — is presented as a rather reasonable 66 times...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now