Biggest salaries in SA tech

JStrike said:
Software. Most of the biggest players are based in Cape Town or Stellenbosch
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Fair point. When it comes to financial positions, management, pretty much anything else, you get paid much more in Joburg.

Skerminkel said:
Uhm, it is their money. That they invest where they so choose.
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Still sad.

Electric said:
WTF??
And they're going after mine bosses?
That's serious **** right there.
Sifiso Dabengwa should be shot in the street along with the rest of the folks on that list.

Sitting in their palaces while the poor battle for bread money.
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This has got nothing to do with the poor. The poor will always be there, regardless. They are not poor because of these guys. These companies have no obligation to look after the needy.
 
Skerminkel said:
That is like imposing a glass ceiling. You remove the incentive to high earners and entrepreneurs. They will just stop innovating and creating wealth for the whole society. Decaf communism, really.

Only plan is to encourage entrepreneurs to make as much money as possible and then encourage them to employ more people to earn and income. Also use the tax income wisely to educate and uplift the poor. There is no artificial way to narrow the income gap.

In a complete banana republic, the parasites who exploit the system the best gets the highest income, but it is not sustainable and eventually everyone suffers. Despite the best efforts of some in our government, we are not there yet and hopefully never will be.

What is also encouraging is that the people listed in the piece earn their income from a service industry. They essentially create wealth from a sustainable source. They are not pumping oil from a well that will one day dry up. We need to applaud them, not shoot them down. This is what will make SA prosperous: a-south-african-entrepreneur-beats-the-new-york-times-at-its-own-game
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That in no way removes any incentive. The amount they can earn is still astronomical, and if they want to earn even higher, a small increase to their lowest paid workers equates to a huge increase for the top earner
 
Slootvreter said:
Fair point. When it comes to financial positions, management, pretty much anything else, you get paid much more in Joburg.
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True. Except Allan Gray and RMB pay pretty much the same as the JHB based finance houses. As a reporter, you also earn more in CT
 
The highest moral responsibility a business has is to make a profit for its owners. They should be free to hire those people who can do the best possible job for them, and reward them accordingly. I don't begrudge the big earners one cent. Just earn it honestly without force or fraud. Whether it's R1 or R10b.

Oh, and thanks, guys. Hope you can spend it wisely.
 
Arthur said:
The highest moral responsibility a business has is to make a profit for its owners. They should be free to hire those people who can do the best possible job for them, and reward them accordingly. I don't begrudge the big earners one cent. Just earn it honestly without force or fraud. Whether it's R1 or R10b.

Oh, and thanks, guys. Hope you can spend it wisely.
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That is how US Public Companies operate (Their only obligation is value growth).
This does not apply in SA, or in most of Europe (Germany for example, has employee representatives and local government representatives that form part of the board of directors. They are not only required to increase profits for the capital owners, but are obliged to improve their municipalities and lives of their employees)
 
JStrike said:
That in no way removes any incentive. The amount they can earn is still astronomical, and if they want to earn even higher, a small increase to their lowest paid workers equates to a huge increase for the top earner
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Astronomical is relative. Remember that these high earners do not just sit on the money or spend it on Lindt and iPhone apps. It keeps circulating in the economy, benefiting everyone. If they are limited, it does not mean that someone else will now get it. Also, if you pay the cleaner a non-market related salary, what will their incentive be to contribute more to the economy? If I can earn the same money at company A as a receptionist, why will I aspire to become an accountant at company B for the same salary, with all the risks and responsibilities involved?
More likely company A will outsource their lowest functions to China or India and then the local unskilled are buggered again.
In the end you can try and regulate and economy to death and at huge cost or you can just liberate your economy, and use the increase in tax income to uplift the poor.
 
Skerminkel said:
Astronomical is relative. Remember that these high earners do not just sit on the money or spend it on Lindt and iPhone apps. It keeps circulating in the economy, benefiting everyone. If they are limited, it does not mean that someone else will now get it. Also, if you pay the cleaner a non-market related salary, what will their incentive be to contribute more to the economy? If I can earn the same money at company A as a receptionist, why will I aspire to become an accountant at company B for the same salary, with all the risks and responsibilities involved?
More likely company A will outsource their lowest functions to China or India and then the local unskilled are buggered again.
In the end you can try and regulate and economy to death and at huge cost or you can just liberate your economy, and use the increase in tax income to uplift the poor.
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Have you seen the data collected by Piketty? What you are saying happens, according to the data does not happen
 
Skerminkel said:
No, please enlighten us.
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Oh wow. It is reams of data taken over the last century from certain countries that had records concerning income and wealth. You can find easy access to the data is his seminal book, or you can access the data directly
 
JStrike said:
Oh wow. It is reams of data taken over the last century from certain countries that had records concerning income and wealth. You can find easy access to the data is his seminal book, or you can access the data directly
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OK, will add "Capital in the Twenty-First Century" to my to-read list.
 
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