Practices and remuneration trends report
South Africa's top companies are experiencing the effects of the current economic environment. Is there an opportunity to use the crisis as a catalyst for a recalibration of executive and wider employee remuneration?
STI as a percentage of median total guaranteed pay for all JSE executive directors.
Black African, Coloured and Indian/Asian representation at CEO level.
Percentage of female CEOs of JSE companies at the end of analysis period (29 February 2020).
Average age of a JSE executive director.
The year 2020 has propelled us into a unique socio-economic environment, and much commentary has been made about the impact of COVID-19 on all aspects of life as we knew it. Within this context, our Executive directors: Practices and remuneration trends report explores the impact of COVID-19 and the local and global recession on executive remuneration arrangements. Turnaround incentives, pay gaps, retention and engagement of employees, and the incorporation of the all-important ESG measures in pay structures are explored, as we discuss the impact of recent events on the accepted way of remunerating executives, and other employees.
The report analyses executive pay during the period from 1 May 2019 to 29 February 2020, focusing primarily on executive remuneration among companies listed on the Johannesburg Stock Exchange (JSE), and including high-level analyses of executive remuneration in FTSE 100 and 250 companies and in companies listed on seven selected African stock exchanges.
The PwC Reward practice consists of 20 dynamic professionals, all experts in differing but related professional fields. We combine our qualifications and experience to deliver guaranteed value and project success. We handle complex and strategically important reward projects, providing high-quality, meaningful and detailed reports, analyses and research, along with unique solutions for specific needs.
Our team is agile and diverse, allowing us to deliver remuneration solutions that are founded on strong governance principles and speak directly to the strategy of your organisation. Our network is unmatched in the market and we draw on our global expertise to provide a relevant, multifaceted range of services aligned with international trends and best practice, while remaining locally focused.
We believe that for inclusive growth to be achieved in South Africa, remuneration structures should reward innovation and growth as delivered by executive teams, while being rooted in fairness and transparency for all employees. As a team we regularly engage with key industry players to ensure that current market sentiment and developing trends are known, and proactively applied in the context of our client engagements, to add value and win shareholder approval.