Just Share study highlights SA’s yawning pay gap
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GUEST – Tracey Davies, executive director of shareholder activism organisation, Just Share
Shoprite’s CEO earned 1,081 times more than the company’s internal minimum wage in 2022 Several of South Africa’s largest publically-listed companies have major pay discrepancies between their highest- and lowest-paid employees. According to Just Share, wage gap disclosure in South Africa are not required by law, but several companies nationwide have started to release this information. “A common argument against pay gap disclosure in South Africa is that this disclosure will be ‘taken out of context’ or ‘misinterpreted’,” Just Share said.
Shoprite’s CEO earned 1,081 times more than the company’s internal minimum wage in 2022 Several of South Africa’s largest publically-listed companies have major pay discrepancies between their highest- and lowest-paid employees. According to Just Share, wage gap disclosure in South Africa are not required by law, but several companies nationwide have started to release this information. “A common argument against pay gap disclosure in South Africa is that this disclosure will be ‘taken out of context’ or ‘misinterpreted’,” Just Share said.
