The average salary for a South African CEO is a hefty R24.9m a year

The average salary for a South African CEO is a hefty R24.9m a year

- According to reports, the average salary for a CEO in one of the top SA companies is R24.9 million a year

- CFOs and executive directors earn from R15 million to R8 million each year

- Statistics show that only 2% of these top earners are female

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A report by PwC shows that CEOs of some of the largest companies in South Africa earn salaries that go well into the double-digit millions each year.

These mammoth companies are JSE-listed and their employees earn massive salaries each year. Directors at these companies can earn on average about R8 million a year.

Chief Financial Officers (CFOs) earn on average R15 million a year and CEOs earn roughly R24.9 million annually.

Briefly.co.za gathered that according to this information, the average salary for CFOs increased with more than 10% since 2016. The average CEO salary increased with 1.3%.

However, the salaries for CEOs, directors and CFOs are not the same at all companies. There were huge differences between the salaries of higher-up employees from different JSE-listed companies.

READ ALSO: Lekota: Whites paid for their land, government must do the same

The Daily Sun reports the information was taken from data from 2017. The PwC report also looked at gender balances in the South African work environment.

Based on this report, only about 2% of CEOs at these big companies are female. When looking at CEO positions from all over South Africa - not just the JSE-listed companies - only 10% are women.

Since 2004 until 2017 the number of women in top positions have raised with only 2%.

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Source: Briefly.co.za

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