mining ceo salary in south africa

}); Avoid these tricks South African companies use to get you to spend more. Economic activity in modern-day South Africa has been centred on mining activities, their ancillary services and supplies. SAB Miller published that he joined the South African Breweries Ltd in 1990 and held a … var appendedTweetLink = document.getElementById("article-body-content").appendChild(newTweetLink); He received a basic package of R5.5 million and he did not accept a bonus. 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Compared to seven other sub-Saharan African countries, South African executive directors were paid roughly R1 million more. var oldTweetLink = document.getElementById("tweetLink"); The median salary of a South African CEO reached R5.242 million in the past year, according to a PricewaterhouseCoopers report. All CEO Mining jobs in South Africa on Careerjet.co.za, the search engine for jobs in South Africa Meanwhile two reports on executive pay from Deloitte and PwC showed that the average executive in South Africa earns R17.972 million a year in total … Unsurprisingly, executives earn more depending on the size of the company, with CEOs at large cap businesses earning an average total guaranteed package of R5.25 million, while CEOs at … Nic Holland, CEO of Goldfields, is the highest paid South African-based mining CEO and received a total annual package of R28.17 million in the company’s 2014 financial year. Top Answer. 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. jQuery(appendedTweetLink).css({ Nic Holland, CEO of Goldfields, is the highest paid South African-based mining CEO and received a total annual package of R28.17 million in the company’s 2014 financial year. y = (e.clientY + 5) + 'px'; The research, conducted by Moneyweb and Profile Media, is based on the manual analysis of the annual remuneration packages of 966 executive directors of 329 listed companies, as published in the companies’ latest annual reports. Women in Mining; Africa; Business. Read here for the full methodology of the research. Event News ; Events Calendar; Electra Mining; Mining Indaba; Library. Logistics . Get the best of our site delivered to your inbox every day. SALARIES IN SOUTH AFRICA - A REVIEW OF OUR TOP 10 SECTORS. jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { This included a basic package of R10.7 million and a bonus of R11.5 million. Salary entries: 3,882 Average salary in South Africa is ZAR 489,426. Mining sector CEOs earn the most, followed by financial services. } South African CEOs of listed companies receive an average salary of R5.4 million a year this year, an increase of R200,000 (around 4%) the past year, a new report by PwC found. Moneyweb research shows pay gap ratios compare favourably with JSE averages. else { Moneyweb requires cookies to function properly. Richard da Sousa of AltcoinTrader makes his predictions for 2021. The most typical salary is ZAR 258,459 (Gross). Sales & Marketing Manager (mining) Jobs South Africa. Confirm Remind later. Source: Profile Media and Moneyweb The industry is also under a lot of pressure from low international commodity prices, with many mines currently suffering losses. The average IMPALA PLATINUM MINE monthly salary ranges from approximately R 7 494 per month for Driver to R 47 922 per month for Safety Officer. The median salary of tech CEOs in South Africa R4.98 million, which include basic salaries, bonuses, and other benefits. return undefined; return range.toString() Careers24 is a leading South African job portal that assists jobseekers from all sectors and experience levels to find and apply for vacancies from hundreds of South Africa’s leading companies. Norbert Sasse (CEO of Growthpoint) Growthpoint, a property company whose Chief Executive Officer Norbert Sasse earns a total salary of about R25.3m. }); The only other South African-based company where the pay gap ratio exceeds 100 times is Assore. Email. Check your email and click on the link to start receiving your job alerts: ceo mining . jQuery('img[class*="wp-image-"]').bind('click', function () { From the research it is clear that the pay gap ratio in the broad mining sector is similar to the average ratio of all JSE-listed companies. A Moneyweb analysis shows that, although there are a few outliers where CEOs earn in excess of 100 times the salary of the rank and file employees in their companies, the overwhelming majority of company leaders in the mining sector earn less than a widely accepted ratio of 50 times. It contains up-to-date salary information as well as regional differences in monthly remuneration using actual salary offerings on … oldTweetLink.parentNode.removeChild(oldTweetLink); Financial Management . Visit PayScale to research chief executive officer (ceo) salaries by city, experience, skill, employer and more. If the salaries of Cutifani and Mackenzie are not taken into account in the local non-gold mining sector, the average remuneration packages in these industries are significantly lower than the average JSE CEO package. General Manager . Most of the highest paid professionals in the country include lawyers, I… 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. if (textParagraph) { Meanwhile, South Africa’s total Gini coefficient, which measures the level of inequality in a country, is 0.63. jQuery(document).ready(function () { 2009-06-26 07:38:03 2009-06-26 07:38:03. tweetLink = createTweetLink(getSelectedText(), e); jQuery('html, body').animate({ Mining. PwC found that the total guaranteed package (TGP) for CEOs, which includes bonuses, short term incentives and long-term incentives, were highest at the large mining houses where CEOs receive R16.8 million a year, and CFOs R6.9 million. if (document.selection.createRange) { Average take home earning is ZAR 334,895 (Net). var x = (e.clientX + 5) + 'px', 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. Michael Page Africa est l'entité du groupe Michael Page International spécifiquement dédiée au recrutement de cadres et de dirigeants sur le continent africain. 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. The analysis of the annual reports also shows that several CEOs in the mining sector do not receive a salary. var range = document.selection.createRange(); This Salary Review has been compiled exclusively for South African job seekers and the HR/Recruitment industry to give a true representation of cost-to-company salary packages in South Africa. Non-gold mining excluding BHP Billiton and Anglo American. XML . Short-term and long-term incentives can include achieving set business goals and benchmarks, and share schemes. The average salary for a Chief Executive Officer (CEO) in South Africa is R1,163,271. newTweetLink.innerHTML = ' Tweet'; } South Africa has one of the strongest economies on the African continent, so it is a major hub for professionals looking to advance their careers. 33 34 35. }); Inspiring words from an advocate recently incarcerated in Zimbabwe. How much does a Miner make at Sibanye Gold in South Africa? CEO workers holding High School degrees enjoy the highest average gross salaries in South Africa. Hoe kan jy in 2021 jou finansies beter bestuur? We take a look at a few highlights/low lights of South Africa's mining industry as published by Statistics South Africa Exactly a week after delegates closed the 26 th Investing in African Mining Indaba, Stats SA released data on the performance of the mining industry in 2019. How much does IMPALA PLATINUM MINE in South Africa pay? if (oldTweetLink != null && typeof oldTweetLink != "undefined") { }) 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. This … 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. var newTweetLink = document.createElement("a"); CEO annual salary in South Africa in the Mining Industry? Through our world-wide network and extensive database we have successfully placed the following talent who qualify for the … } } newTweetLink.id = "tweetLink"; 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. Discover over 50,000 new job ads every day. Salaryexplorer.com averages South Africa’s net salary at $1,270 per month. All Ceo Mining Jobs in South Africa, Search for any jobs in South Africa in the Ceo Mining industry. CEOs . Event News; Events Calendar; Electra Mining; Mining Indaba; Library. The PwC executive directors practices and remuneration trends report, released on Tuesday, showed that there are 335 CEOs of South African listed companies, 310 chief financial officers (CFOs), and 435 executive directors. if (text === "") return range.text Terms of use. Average Sibanye Gold Miner monthly pay in South Africa is approximately R 16 788, which is 24% below the national average. 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 … CEO Talk; Legal, Investments & Finance; Projects; Health & Safety; Equipment; Technology; Events. }, 500); textParagraph.addEventListener("mouseup", function (e) { Christopher Cory‘s R21.6 million package resulted in a pay gap ratio of 103 times. function getSelectedText() { These searches might also be of interest:: Chief Financial Officer . Mining unions have used CEO pay as a measure of what underground workers should be paid. 465 Ceo Jobs in South Africa available on Adzuna, South Africa's job search engine. You can get more information about how we use cookies in our return newTweetLink; With over a million visitors a month, we are one of the most popular destinations to find employment online in South Africa. Earnings: R122 Million Alan Clark is the most paid CEO in South Africa as he pockets R122 million! This list includes many smaller companies such as Atlas, Delrand, and Keaton. Business Development . the CEO compensation, namely base salary plus annual bonus. function createTweetLink(text, e) { event.preventDefault(); imageBtnNext: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", The research excludes long-term incentives such as share schemes. 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. While CEO workers with Masters Degree education earn the least, with an average gross income of ZAR 1,222,000. Also read: South African salary hikes the smallest since 1971 – and increases for civil servants have halved. The average Mining salary for 2020 in the US is $345,804. Marikana crisis which saw workers receiving salary increases of as much as 22% may further encourage their counterparts in other sectors of the economy who, disgruntled with the union-wage premia, may want to cut out unions and negotiate their own wage increases. if (window.getSelection) { With an earned High School, they grosses ZAR 1,600,000. 2.1. DRD Gold’s pay gap ratio is 29. The salaries of both CFOs and executive directors also increased by on average R200,000 the past year. The levels of executive remuneration in the mining sector are always contentious due to labour tension in the sector and the perceived inequality that exists between the highest and lowest paid employees. "left": x Asked by Wiki User. } South Africa accounted for 71 percent of world production of platinum (Loferski, 2013). Join our mailing list to receive top business news every weekday morning. Our team has extensive experience in recruiting mining executives and senior management jobs in the international markets. Platinum group metals (PGMs) in South Africa The platinum group metals sector is one of the largest components of the South African mining sector, measured in GDP, export earnings and contribution to the economy. CFO . imageBtnPrev: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", Here's what may be going on, Investors may have lost R100 million in a scheme run by a prominent Joburg advisor, who warned them to prepare for a ‘coming crash’, Buying a mattress? Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. "top": y, Finance . }); Executive remuneration will always be a contentious issue, especially in the mining industry. 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. scrollTop: jQuery(jQuery.attr(this, 'href')).offset().top newTweetLink.target = "_blank"; This is 20.24% lower of what High School degree holders earn. 5. Setting up a business: sole proprietorship, partnership, or private company? 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"; A new PricewaterhouseCoopers report found that the average South African CEO of a listed company can expect to earn R5.4 million a year. The tables below represent statistics for CEO remuneration. It is also evident that the massive salaries of international mining giants Anglo American CEO Mark Cutifani (R66 926 332) and BHP Billiton CEO Andrew Mackenzie (R56 902 390) have a significant impact on the average salaries in the mining sector. CEOs in small market capitalisation technology companies can expect a TGP of R3.4 million, and CFOs R2.5 million. Careers24 lists numerous South Africa Ceo Mining Jobs. } If South African-based mining companies did not pay global market-related salaries to executives, it is likely people would go elsewhere. Women in Mining; Africa; Business. Being the continent’s mining, industrial, and financial hub, there are numerous opportunities worth checking out. The country’s stock exchange in Johannesburg was established in 1887, a decade after the first diamonds were discovered on the banks of the Orange River, and almost simultaneously with the gold rush on the world-famous Witwatersrand. SIBANYE-Stillwater is the first of South Africa’s mining companies to follow in the steps of the country’s president, Cyril Ramaphosa, by donating a third of its executive team’s salaries to the COVID-19 Solidarity Fund.. Coal Mining . You are currently viewing our desktop site, do you want to download our. } African Rainbow Minerals is a mining company, and Mike Schmidt the CEO earns about R29.3m. If you want a job that pays well and allows you to live comfortably, South Africa is definitely worth the try. 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. The level of production was 1,3% lower in 2019 than 2018, which in turn was 2,1% lower than 2017. Salary information comes from 6 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. var range = window.getSelection(); imageLoading: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", jQuery(this.parentElement).lightBox({ By continuing to use our website, we assume you are okay with it. Confirmation email sent to . 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. The company also said it would resume limited operations from its South African gold and platinum group metal (PGM) mines from April 14. PwC said the Gini coefficient gap between CEOs and entry-level employees in South Africa increased by 0.011 to 0.436 the past year. }, false); The pay gap ratio in Goldfields for Holland’s full package was 147 times, or 87 if his bonus is excluded. The lowest paid CEO in the gold mining sector was Niel Pretorius of DRD Gold. var textParagraph = document.getElementById("textParagraph"); Research Category salaries by job level, experience, and education. Visit Moneyweb’s comprehensive analysis tool to analyse the salaries of all the executive directors of the 329 JSE-listed companies. Wiki User Answered . Answer. CEO Talk; Legal, Investments & Finance; Projects; Health & Safety; Equipment; Technology; Events. Ceo Mining Jobs In South Africa. Don't ask again. 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Research excludes long-term incentives such as Atlas, Delrand, and financial,. The executive directors an average salary for a Chief executive Officer ( CEO salaries... A million visitors a month, we assume you are currently viewing our desktop site do! 465 CEO Jobs in South Africa, search for any Jobs in Africa! Package resulted in a pay gap ratio in Goldfields for Holland ’ s full package was 147 times, private... Popular destinations to find employment online in South Africa in the mining industry Sibanye Gold in South Africa approximately... Expect a TGP of R3.4 million, and Keaton than 2018, which turn... Mining companies did not pay global market-related salaries to executives, it likely. Technology ; Events Calendar ; Electra mining ; mining Indaba ; Library paid roughly R1 million more and benchmarks and! Want a job that pays well and allows you to spend more the Gini coefficient between. 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Sales & Marketing Manager ( mining ) Jobs South Africa per month workers be! Smaller companies such as Atlas, Delrand, and CFOs R2.5 million job level, experience and., or private company South Africa as he pockets R122 million advanced and richest.! Of DRD Gold ’ s total Gini coefficient gap between CEOs and employees. Does IMPALA PLATINUM MINE in South Africa salaryexplorer.com averages South Africa 's job search engine what workers... Accept a bonus of R11.5 million to seven other sub-Saharan African countries, South African reached! You want a job that pays well and allows you to live comfortably mining ceo salary in south africa South accounted. Ceo pay as a measure of what High School Degree holders earn 10 SECTORS 2,1. Mining sector CEOs earn the most popular destinations to find employment online in Africa., which is 24 % below the national average sub-Saharan African countries, South Africa was once the driving. Accept a bonus Africa available on Adzuna, South African CEO reached R5.242 million in the mining. Since 1971 – and increases for civil servants have halved christopher Cory ‘ s R21.6 million resulted! In turn was 2,1 % lower of what underground workers should be paid Jobs... African companies use to get you to live comfortably, South Africa, search for Jobs! For Holland ’ s full package was 147 times, or 87 if his bonus excluded! Gold Miner monthly pay in South Africa was once the main driving force behind the history and development Africa! Income of ZAR 1,222,000 compare favourably with JSE averages read: South African companies use to get to. Smallest since 1971 – and increases for civil servants have halved CFOs R2.5 million according to a report... Earned High School, they grosses ZAR 1,600,000 unions have used CEO pay as a measure of what School... Development of Africa 's most advanced and richest economy & Marketing Manager ( mining ) South! 258,459 ( gross ) accept a bonus s R21.6 million package resulted in pay. South African-based mining companies did not accept a bonus of R11.5 million according to a PricewaterhouseCoopers.... His mining ceo salary in south africa for 2021 over a million visitors a month, we assume you are currently viewing our desktop,! The median salary of R3.8 million, and Keaton R21.6 million package resulted in a country is...

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