This is the 12th edition of the Executive Pay Barometer
The barometer uses publically available financial data (from listed companies’ financial and remuneration reports for the most recent 6 month period) to report on:
- Executive annual increases
- Executive variable pay ratios to total guaranteed pay:
- Short-term incentives
- Long-term incentives
- Prevalence of types of share schemes
- Executive remuneration components by company size
- Executive remuneration components by industry
- Wage gap by company size and industry
The wave of optimism which surrounded the South African economy at the beginning of 2018 has slowly dissipated as the harsh reality of poor economic data has affected the economy. The economy has entered a recession after reporting two consecutive quarters of negative economic growth (Q1 -2.6% and -0.7% in Q2). This contributed in part to the Rand’s recent depreciation and has placed increasing pressure on consumer spending.
Since the previous Barometer (March 2018), the unemployment rate has deteriorated further to 27.2%. Compared to Q3 2017, the number of discouraged workers has increased approximately 17% which indicates that citizens of working age are viewing the labour economy in a more negative light than they did previously.