10 Highest Paid CEOs In South Africa
Chief Executive Officers of private companies are often lauded for the way in which they deal with the pressure of ensuring success at huge corporations and conglomerates, but they are also rewarded for their efforts with exorbitant pay packages that completely overshadow the salaries of those who work for them throughout the company.
Research done by P-E Corporate Services has established some of the highest paid CEOs in South Africa, revealing that the pay differential between the guaranteed pay of the CEO of a very large company (turnover of more than R15 billion and more than 25,000 employees) and workers on basic skill level packages is 60:1. Unbelievably, this means that the average CEO or president of a very large company earns 60 times as much as their average employee.
But the real picture is even more incredible, as including the short-term and long-term incentives reveal that the CEOs of the top 20 percent of JSE-listed companies earned 221 times more than basic skill level workers.
With this in mind, we take a closer look at the 10 highest paid CEOs working for companies in South Africa.