This is the 13th 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 South African economy has entered 2019, an election year. Traditionally, an election year is characterised by very few controversial decisions as the election campaign takes on greater importance.
The current economic environment remains persistently subdued as low economic growth, a high unemployment rate and rising consumer costs remain hot topics. The South African Reserve Bank forecasts the inflation rate to be 4.8% in 2019. Gross Domestic Product is expected to grow at 1.3%, however, there has been a lot of speculation regarding a possible downward revision of that figure at the next Monetary Policy Committee meeting .
The South African economy is currently in a “stationary” state as the election approaches. Once the election has past, we will receive a more accurate understanding of the true state of the economy and its impact on Executive salaries.