Thursday 19 July 2018
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7 days ago

Workers earn 64 times less than their bosses on average in SA

The discrepancy in pay ratio between CEOs and workers shows no sign of diminishing in the country. Hence why South Africa has the worst Gini coefficient (measuring income equality) in the world.
Chief executives of the largest companies in the country are earning, on average, 64 times the wages of workers, Fin24 reported.
This figure, referred to by economists as a company s pay ratio , is included in a new report on executive remuneration in South Africa, released on Thursday by PwC.
The r

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