UNEQUAL PAY

2nd December 2016 By: Darlene Creamer

UNEQUAL PAY

In the same week that the R3 500-a-month figure was unveiled as the suggested national minimum wage for South Africa, Bloomberg released a survey showing that South African CEOs were the seventh best remunerated globally. In fact, using a ranking that compares CEO pay with income generated per person in the country where their companies are listed, South African CEOs topped the list. This gap and South Africa’s persistent inequality problem surely pose a serious risk to future stability.