A slew of South African companies have recently announced their annual results, and along with their results, the remuneration packages of CEOs and executives that will make your eyes water.
Bob van Dijk, former CEO, at Naspers received a R330 million pay day for the latest financial year, while Fani Titi, group CEO at Investec, was paid £5.2 million (R188.87m) for the 2023/2024 year.
Shameel Joosub, chief executive, at Vodacom bagged R64m in earnings for the 2023 financial year. Sim Tshabalala, Standard Bank CEO, and Arrie Rautenbach, Absa CEO, earned R83.3m and R40.03m respectively.
According to Salary.com, CEOs of companies are paid the big bucks because they are the top employees with huge responsibilities. It said CEOs offer a standard of talent that is required to produce company profits…