Coal Mining . With over a million visitors a month, we are one of the most popular destinations to find employment online in South Africa. XML . The research excludes long-term incentives such as share schemes. South Africa accounted for 71 percent of world production of platinum (Loferski, 2013). This Salary Review has been compiled exclusively for South African job seekers and the HR/Recruitment industry to give a true representation of cost-to-company salary packages in South Africa. Also read: South African salary hikes the smallest since 1971 – and increases for civil servants have halved. } Financial Management . How much does IMPALA PLATINUM MINE in South Africa pay? SAB Miller published that he joined the South African Breweries Ltd in 1990 and held a … In the financial sector, accounting for 15.71% of the total Johannesburg Stock Exchange (JSE)'s market capitalisation, CEOs received a TGP of R9.6 million, and CFOs R5,15 million. Mining companies were followed by the industrial sector where the average South African CEO can expect to receive a TGP of R12.7 million, and CFOs R5.9 million. Compared to seven other sub-Saharan African countries, South African executive directors were paid roughly R1 million more. By continuing to use our website, we assume you are okay with it. These packages were then compared with the average salaries of employees in the respective economic sectors where the companies are plying their trade (data from Statistics South Africa) to calculate the pay gap ratio. This analysis shows that the average salary at South Africa’s top IT and telecoms companies is R611,000, well above the country’s average of R270,000. You are currently viewing our desktop site, do you want to download our. return range.text The lowest paid CEO in the gold mining sector was Niel Pretorius of DRD Gold. CEOs . Non-gold mining excluding BHP Billiton and Anglo American. "left": x The levels of executive remuneration in the mining sector are always contentious due to labour tension in the sector and the perceived inequality that exists between the highest and lowest paid employees. imageLoading: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", else { Rupert responds to Swiss Covid-19 vaccination uproar, The uproar regarding SA’s procurement of the Covid-19 vaccine, Two forex trading companies go belly-up, owing investors upwards of R1bn, Simon’s weekly wrap: Think before you invest, Some sumptuous corporate gift-giving to round off the year, Anglo to defend class action suit over lead poisoning in Zambia, South African miners can scale up vaccination, Sibanye says, [TOP STORY] Resources and property stocks for 2021, All you need to know about local CFDs and ETF redemptions, SA stocks resist risk-off slide as Mr Price gains, SA stocks fall as weak miners eclipse rising banks, SA stocks rally to record as Tencent surge boosts Naspers, DRDGold declares dividend; reports rise in profit, [TOP STORY] Tesla versus Exxaro and investor decisions, Exxaro vs Tesla and the latest shopping trends, A week of lazy ‘strategising’ and sad realities, Gold Fields appoints former Amplats boss as CEO, SA stocks fall, paring best November gains since 2001, Zimbabwe’s Russian-backed platinum venture sells stake to Fossil, Cabinet approves export tax on chrome ore, Mixed bag for mining stocks as AngloGold CEO says goodbye, Glencore’s SA venture with Merafe starts job cut process, SA stocks erase gains as tight US vote hits rand, SA stocks slip to four-week low before budget statement, What’s up (and down) with the S&P and the importance of asset allocation, Fed rates unchanged, Pan African results and spectrum auctions, Stocks pulled lower as iron ore miners outweigh gold, Stocks fall as precious metals producers tumble, Stocks retreat as banks fall; Shoprite soars on update, (SEC’s) introduction of a new pay gap ratio rule, 10 things that can rob you of your financial peace of mind, How to set yourself up early for financial success. newTweetLink.id = "tweetLink"; var range = window.getSelection(); Avoid these tricks South African companies use to get you to spend more. CEOs in small market capitalisation technology companies can expect a TGP of R3.4 million, and CFOs R2.5 million. if (text === "") "top": y, jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { jQuery('html, body').animate({ if (document.selection.createRange) { Nic Holland, CEO of Goldfields, is the highest paid South African-based mining CEO and received a total annual package of R28.17 million in the company’s 2014 financial year. Terms of use. function createTweetLink(text, e) { General Manager . PwC said the Gini coefficient gap between CEOs and entry-level employees in South Africa increased by 0.011 to 0.436 the past year. newTweetLink.href = "https://twitter.com/intent/tweet?text=" + encodeURI(text) + "&url=https://www.moneyweb.co.za/news/companies-and-deals/what-sa-mining-ceos-really-earn/&via=Moneyweb"; Mining unions have used CEO pay as a measure of what underground workers should be paid. SALARIES IN SOUTH AFRICA - A REVIEW OF OUR TOP 10 SECTORS. 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