TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      Alviva shares leap higher on R3-billion take-private offer

      30 June 2022

      Datatec to sell Analysys Mason for as much as R4.1-billion

      30 June 2022

      Futuregrowth launches start-up fund, targets R600-million raise

      30 June 2022

      Eskom is killing the rand

      30 June 2022

      Eskom ramps up load shedding as crisis deepens

      30 June 2022
    • World

      Graphics card prices plummet as crypto demand dries up

      30 June 2022

      Bitcoin just had its worst quarter in a decade

      30 June 2022

      Samsung beats TSMC to 3nm chip production

      30 June 2022

      Napster plots crypto comeback

      29 June 2022

      Pictures: Chinese spacecraft acquires images of entire planet of Mars

      29 June 2022
    • In-depth

      The NFT party is over

      30 June 2022

      The great crypto crash: the fallout, and what happens next

      22 June 2022

      Goodbye, Internet Explorer – you really won’t be missed

      19 June 2022

      Oracle’s database dominance threatened by rise of cloud-first rivals

      13 June 2022

      Everything Apple announced at WWDC – in less than 500 words

      7 June 2022
    • Podcasts

      How your organisation can triage its information security risk

      22 June 2022

      Everything PC S01E06 – ‘Apple Silicon’

      15 June 2022

      The youth might just save us

      15 June 2022

      Everything PC S01E05 – ‘Nvidia: The Green Goblin’

      8 June 2022

      Everything PC S01E04 – ‘The story of Intel – part 2’

      1 June 2022
    • Opinion

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022

      How AI is being deployed in the fight against cybercriminals

      8 April 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»Director pay increases revealed

    Director pay increases revealed

    News By Sapa Reporter16 January 2014
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    money-640

    Fees paid to nonexecutive directors at JSE-listed companies have increased moderately, auditing firm PwC said on Thursday.

    “The median chairperson fee across the entire JSE has risen by 7,1% to R422 000,” PwC’s Southern Africa human resource services head Gerald Seegers told reporters in Johannesburg.

    PwC released the seventh edition of its Annual Review of Non-Executive Directors’ Practices and Fees. It examines the boards of 358 companies listed on the stock exchange, according to results released by 30 November.

    “Overall, this premium is around 50% when compared to the overall fees of nonexecutive directors, where the median fee has only increased by 4,3% to R288 000 [from R276 000 in 2012].”

    This was considered low by global standards.

    The financial services sector, which represents a quarter of JSE listed companies, showed the most restraint, due to high levels of regulation.

    “Total fees paid to nonexecutive directors in this sector increased by 9,3%. This saw overall fees increase at the median level from R728 000 to R795 000,” Seegers said.

    The basic resources sector saw massive increases in compensation to nonexecutive directors and board chairpersons.

    The pay for chairpersons in the large-cap companies sector grew by 51,4%.

    “In the small-cap companies, nonexecutive directors saw an increase of 48,1% at the median level, which is almost double what they were in 2011,” Seegers said.

    The huge increases were attributed to companies compensating directors in foreign currency.

    In the industrial sector, which represents 29% of JSE-listed companies, there were marginal increases for board chairpersons.

    Nonexecutive directors in the medium-cap and small-cap companies saw overall fees increase at the median level from R889 000 to R901 000, almost double what they were in 2011.  — Sapa

    PwC
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleHearing into Telkom’s Schindehütte begins
    Next Article BCX takes top spot in SA IT, says IDC

    Related Posts

    Alviva shares leap higher on R3-billion take-private offer

    30 June 2022

    Datatec to sell Analysys Mason for as much as R4.1-billion

    30 June 2022

    Futuregrowth launches start-up fund, targets R600-million raise

    30 June 2022
    Add A Comment

    Comments are closed.

    Promoted

    Billetterie simplifies interactions between law firms and clients

    30 June 2022

    Think herding cats is tricky? Try herding a cloud

    29 June 2022

    How your business can help hybrid workers effectively

    28 June 2022
    Opinion

    Has South Africa’s advertising industry lost its way?

    21 June 2022

    Rob Lith: What Icasa’s spectrum auction means for SA companies

    13 June 2022

    A proposed solution to crypto’s stablecoin problem

    19 May 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.