Staff Reporter
Video entertainment group Multichoice is preparing for its public listing on the JSE in February 2019, and has published pre-listing documents which give insight into the various financial aspects of the business.
One of the key measurements the documents give insight to is remuneration of executives and general employees – as well as the gaps between them.
South Africa is known as one of the most unequal countries in the world when in comes to executive vs employee pay, where some chief executives can earn as much as 800 times the average salary of the people who work for them.
According to a PwC report in 2018, the pay ratio in South Africa – worker pay to CEO pay – was at 65:1 in 2018, up from 62:1 in 2017.
Multichoice’s pre-listing documents show that the group’s directors will be earning a total of R55.3 million in
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
