Here’s how much top CEOs are paid in South Africa – and why things are about to change

[BusinessTech]

Here’s how much top CEOs are paid in South Africa – and why things are about to change

More than a third of the CEOs of South Africa’s largest listed companies did not receive a salary increase in 2020 as the Covid-19 pandemic hit, but 80% of JSE listed companies still managed to pay out bonuses to executives - even as workers in other parts of the economy experienced reduced working hours or were laid off.

 

[rvZA]

For companies concerned about this, there are legal ways to overcome this overreach by a government. There are ways to operate from abroad, a more business-friendly oriented country. No need to employ the total numbers they currently do locally. No government in this world, other than for purposes of tax, should dictate to a private company what to pay to whom.