New law to force South African companies to report pay differences between executives and workers

[Moosedrool]

Reported to who? Government already has this data, they can simply pull the PAYE information from SARS. If they are talking about requiring this on annual financial reports then that will only make much impact on publicly listed companies as private companies are not required to publicise their financial reports.

Exactly what I was thinking.

I'm starting to think it is filing information but they're too incompetent to work out the gaps themselves.

 

[Kosmik]

Largely it will depend on how the reporting requirements are structured and how much anonymity is involved.

Most listed companies already post the remuneration for the executives by role at least.

Listed yes, normally disclosed in prospectus etc but not fully private.