Join our mailing list to receive top business news every weekday morning. 5. By continuing to use our website, we assume you are okay with it. 33 34 35. imageLoading: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", The pay gap ratios below are based on average annual salaries of R192 000 in the gold sector and R209 000 in the non-gold sector as found by StatsSA. Moneyweb requires cookies to function properly. Terms of use. Mining companies were followed by the industrial sector where the average South African CEO can expect to receive a TGP of R12.7 million, and CFOs R5.9 million. This … Earnings: R122 Million Alan Clark is the most paid CEO in South Africa as he pockets R122 million! var appendedTweetLink = document.getElementById("article-body-content").appendChild(newTweetLink); }) imageBtnPrev: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", y = (e.clientY + 5) + 'px'; Meanwhile, South Africa’s total Gini coefficient, which measures the level of inequality in a country, is 0.63. jQuery(this.parentElement).lightBox({ CEO annual salary in South Africa in the Mining Industry? if (document.selection.createRange) { Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. 465 Ceo Jobs in South Africa available on Adzuna, South Africa's job search engine. Michael Page Africa est l'entité du groupe Michael Page International spécifiquement dédiée au recrutement de cadres et de dirigeants sur le continent africain. Moneyweb research shows pay gap ratios compare favourably with JSE averages. Careers24 lists numerous South Africa Ceo Mining Jobs. Visit PayScale to research chief executive officer (ceo) salaries by city, experience, skill, employer and more. These packages were then compared with the average salaries of employees in the respective economic sectors where the companies are plying their trade (data from Statistics South Africa) to calculate the pay gap ratio. newTweetLink.href = "https://twitter.com/intent/tweet?text=" + encodeURI(text) + "&url=https://www.moneyweb.co.za/news/companies-and-deals/what-sa-mining-ceos-really-earn/&via=Moneyweb"; if (window.getSelection) { Finance . The average salary for a Chief Executive Officer (CEO) in South Africa is R1,163,271. Research Category salaries by job level, experience, and education. The report also found that 86% of CEOs at the 100 biggest companies were white, and that they earn on average 15% more than the median salary of their black, coloured, and Indian counterparts. XML . You can get more information about how we use cookies in our This research was prompted by the new US Securities and Exchange Commission’s (SEC’s) introduction of a new pay gap ratio rule, which will force US companies from 2017 to disclose the ratio between the salaries of their executive directors and their rank and file employees. CEOs in small market capitalisation technology companies can expect a TGP of R3.4 million, and CFOs R2.5 million. var range = window.getSelection(); jQuery('html, body').animate({ Setting up a business: sole proprietorship, partnership, or private company? This is 20.24% lower of what High School degree holders earn. Event News; Events Calendar; Electra Mining; Mining Indaba; Library. Also read: South African salary hikes the smallest since 1971 – and increases for civil servants have halved. The report found that CFOs receive an average annual salary of R3.8 million, and executive directors an average salary of R3.3 million. imageBtnNext: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", With an earned High School, they grosses ZAR 1,600,000. Location: WOODMEAD, Gauteng, ZA Job ID: 14681-en_US 3M is seeking a Sales & Marketing Manager (Mining) for the Safety & Graphics Group located in Woodmead, Sandton For more than 100 years, 3M has been a company that delivers both sustainable growth and consistent results. } } var newTweetLink = document.createElement("a"); In the financial sector, accounting for 15.71% of the total Johannesburg Stock Exchange (JSE)'s market capitalisation, CEOs received a TGP of R9.6 million, and CFOs R5,15 million. Top Answer. }); The level of production was 1,3% lower in 2019 than 2018, which in turn was 2,1% lower than 2017. }); This included a basic package of R10.7 million and a bonus of R11.5 million. Through our world-wide network and extensive database we have successfully placed the following talent who qualify for the … return newTweetLink; CEO Talk; Legal, Investments & Finance; Projects; Health & Safety; Equipment; Technology; Events. scrollTop: jQuery(jQuery.attr(this, 'href')).offset().top An early career Mining Superintendent with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of R760,000 based … Salary entries: 3,882 Average salary in South Africa is ZAR 489,426. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later. jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { Don't ask again. Financial Management . Both Cutifani and Mackenzie run massive mining companies on various continents and it may be unfair to compare their salaries with the average salaries in the South African mining industry. if (text === "") This analysis shows that the average salary at South Africa’s top IT and telecoms companies is R611,000, well above the country’s average of R270,000. With over a million visitors a month, we are one of the most popular destinations to find employment online in South Africa. return range.toString() All JSE data is delayed by at least 15 minutes, South African salary hikes the smallest since 1971 – and increases for civil servants have halved, Cellphones, R1-million salaries, free flights and airport parking - these are some of the perks awaiting new MPs, These SA jobs will pay up to R1 million a year – and you don’t need a degree, *Copyright © 2021 Business Insider Inc.All rights reserved.Registration on or use of this site constitutes acceptance of our, A SA food giant - owner of Sasko, Spekko and Liqui-Fruit - is in talks. A month, we assume you are okay with it per month a gap! In a pay gap ratio is 29, Delrand, and education million and did... 16 788, which include basic salaries, bonuses, and other benefits salary! A Miner make at Sibanye Gold Miner monthly pay in South Africa available on Adzuna, South African companies to... 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