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mining ceo salary in south africa

mining ceo salary in south africa

The median salary of tech CEOs in South Africa R4.98 million, which include basic salaries, bonuses, and other benefits. The pay gap ratio in Goldfields for Holland’s full package was 147 times, or 87 if his bonus is excluded. Discover over 50,000 new job ads every day. 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. return range.text var appendedTweetLink = document.getElementById("article-body-content").appendChild(newTweetLink); Coal Mining . 33 34 35. Economic activity in modern-day South Africa has been centred on mining activities, their ancillary services and supplies. 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 … Wiki User Answered . 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. 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. Mining unions have used CEO pay as a measure of what underground workers should be paid. jQuery('html, body').animate({ The report found that CFOs receive an average annual salary of R3.8 million, and executive directors an average salary of R3.3 million. The research excludes long-term incentives such as share schemes. } Being the continent’s mining, industrial, and financial hub, there are numerous opportunities worth checking out. Mining. tweetLink = createTweetLink(getSelectedText(), e); }); Inspiring words from an advocate recently incarcerated in Zimbabwe. jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { The level of production was 1,3% lower in 2019 than 2018, which in turn was 2,1% lower than 2017. y = (e.clientY + 5) + 'px'; function createTweetLink(text, e) { jQuery(appendedTweetLink).css({ This included a basic package of R10.7 million and a bonus of R11.5 million. Moneyweb requires cookies to function properly. } Confirm Remind later. Event News ; Events Calendar; Electra Mining; Mining Indaba; Library. Women in Mining; Africa; Business. Careers24 lists numerous South Africa Ceo Mining Jobs. var range = window.getSelection(); 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. 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. African Rainbow Minerals is a mining company, and Mike Schmidt the CEO earns about R29.3m. This … 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. 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. Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Check your email and click on the link to start receiving your job alerts: ceo mining . 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. CEO Talk; Legal, Investments & Finance; Projects; Health & Safety; Equipment; Technology; Events. How much does a Miner make at Sibanye Gold in South Africa? imageBtnNext: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", oldTweetLink.parentNode.removeChild(oldTweetLink); Our team has extensive experience in recruiting mining executives and senior management jobs in the international markets. 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. Salary entries: 3,882 Average salary in South Africa is ZAR 489,426. Earnings: R122 Million Alan Clark is the most paid CEO in South Africa as he pockets R122 million! SALARIES IN SOUTH AFRICA - A REVIEW OF OUR TOP 10 SECTORS. Sales & Marketing Manager (mining) Jobs South Africa. CEOs in small market capitalisation technology companies can expect a TGP of R3.4 million, and CFOs R2.5 million. Hoe kan jy in 2021 jou finansies beter bestuur? 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. CEO annual salary in South Africa in the Mining Industry? Visit Moneyweb’s comprehensive analysis tool to analyse the salaries of all the executive directors of the 329 JSE-listed companies. 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. The median salary of a South African CEO reached R5.242 million in the past year, according to a PricewaterhouseCoopers report. 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. event.preventDefault(); Christopher Cory‘s R21.6 million package resulted in a pay gap ratio of 103 times. Financial Management . If you want a job that pays well and allows you to live comfortably, South Africa is definitely worth the try. } This list includes many smaller companies such as Atlas, Delrand, and Keaton. Visit PayScale to research chief executive officer (ceo) salaries by city, experience, skill, employer and more. jQuery('img[class*="wp-image-"]').bind('click', function () { XML . return range.toString() By continuing to use our website, we assume you are okay with it. }, 500); 5. The industry is also under a lot of pressure from low international commodity prices, with many mines currently suffering losses. }); jQuery(this.parentElement).lightBox({ Setting up a business: sole proprietorship, partnership, or private company? CFO . 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. 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? Most of the highest paid professionals in the country include lawyers, I… General Manager . It contains up-to-date salary information as well as regional differences in monthly remuneration using actual salary offerings on … if (window.getSelection) { 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. All Ceo Mining Jobs in South Africa, Search for any jobs in South Africa in the Ceo Mining industry. The only other South African-based company where the pay gap ratio exceeds 100 times is Assore. if (textParagraph) { newTweetLink.target = "_blank"; Ceo Mining Jobs In South Africa. }, false); Finance . The company also said it would resume limited operations from its South African gold and platinum group metal (PGM) mines from April 14. Logistics . Don't ask again. textParagraph.addEventListener("mouseup", function (e) { Meanwhile, South Africa’s total Gini coefficient, which measures the level of inequality in a country, is 0.63. Executive remuneration will always be a contentious issue, especially in the mining industry. Salaryexplorer.com averages South Africa’s net salary at $1,270 per month. 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.. While CEO workers with Masters Degree education earn the least, with an average gross income of ZAR 1,222,000. Get the best of our site delivered to your inbox every day. 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. SAB Miller published that he joined the South African Breweries Ltd in 1990 and held a … Through our world-wide network and extensive database we have successfully placed the following talent who qualify for the … This is 20.24% lower of what High School degree holders earn. 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. if (text === "") South Africa accounted for 71 percent of world production of platinum (Loferski, 2013). if (document.selection.createRange) { Norbert Sasse (CEO of Growthpoint) Growthpoint, a property company whose Chief Executive Officer Norbert Sasse earns a total salary of about R25.3m. Research Category salaries by job level, experience, and education. 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. Mining sector CEOs earn the most, followed by financial services. var oldTweetLink = document.getElementById("tweetLink"); The lowest paid CEO in the gold mining sector was Niel Pretorius of DRD Gold. Average Sibanye Gold Miner monthly pay in South Africa is approximately R 16 788, which is 24% below the national average. 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. If South African-based mining companies did not pay global market-related salaries to executives, it is likely people would go elsewhere. } Terms of use. Confirmation email sent to . Email. 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"; Moneyweb research shows pay gap ratios compare favourably with JSE averages. var newTweetLink = document.createElement("a"); Michael Page Africa est l'entité du groupe Michael Page International spécifiquement dédiée au recrutement de cadres et de dirigeants sur le continent africain. Also read: South African salary hikes the smallest since 1971 – and increases for civil servants have halved. 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. var textParagraph = document.getElementById("textParagraph"); Event News; Events Calendar; Electra Mining; Mining Indaba; Library. Compared to seven other sub-Saharan African countries, South African executive directors were paid roughly R1 million more. }) imageLoading: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", Join our mailing list to receive top business news every weekday morning. 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. CEO workers holding High School degrees enjoy the highest average gross salaries in South Africa. The tables below represent statistics for CEO remuneration. 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. } 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 … var range = document.selection.createRange(); The salaries of both CFOs and executive directors also increased by on average R200,000 the past year. 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. 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. function getSelectedText() { With an earned High School, they grosses ZAR 1,600,000. jQuery(document).ready(function () { } } CEOs . scrollTop: jQuery(jQuery.attr(this, 'href')).offset().top Asked by Wiki User. 465 Ceo Jobs in South Africa available on Adzuna, South Africa's job search engine. A new PricewaterhouseCoopers report found that the average South African CEO of a listed company can expect to earn R5.4 million a year. newTweetLink.id = "tweetLink"; 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. DRD Gold’s pay gap ratio is 29. newTweetLink.innerHTML = ' Tweet'; Read here for the full methodology of the research. return undefined; How much does IMPALA PLATINUM MINE in South Africa pay? var x = (e.clientX + 5) + 'px', 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. Top Answer. }); "left": x These searches might also be of interest:: Chief Financial Officer . 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. The average Mining salary for 2020 in the US is $345,804. You can get more information about how we use cookies in our You are currently viewing our desktop site, do you want to download our. if (oldTweetLink != null && typeof oldTweetLink != "undefined") { 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. 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. Avoid these tricks South African companies use to get you to spend more. 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. Richard da Sousa of AltcoinTrader makes his predictions for 2021. Answer. the CEO compensation, namely base salary plus annual bonus. 2009-06-26 07:38:03 2009-06-26 07:38:03. The most typical salary is ZAR 258,459 (Gross). 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. 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. CEO Talk; Legal, Investments & Finance; Projects; Health & Safety; Equipment; Technology; Events. "top": y, 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. Non-gold mining excluding BHP Billiton and Anglo American. imageBtnPrev: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", With over a million visitors a month, we are one of the most popular destinations to find employment online in South Africa. Business Development . Source: Profile Media and Moneyweb return newTweetLink; 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 … Average take home earning is ZAR 334,895 (Net). else { The average salary for a Chief Executive Officer (CEO) in South Africa is R1,163,271. 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He received a basic package of R5.5 million and he did not accept a bonus. Short-term and long-term incentives can include achieving set business goals and benchmarks, and share schemes. The analysis of the annual reports also shows that several CEOs in the mining sector do not receive a salary. Women in Mining; Africa; Business. }); All CEO Mining jobs in South Africa on Careerjet.co.za, the search engine for jobs in South Africa Did not accept a bonus ZAR 334,895 ( Net ) PLATINUM ( Loferski, )... South Africa, search for any Jobs in South Africa salaries in South Africa is ZAR 489,426 more. Unions have used CEO pay as a measure of what underground workers should paid... Recruiting mining executives and senior management Jobs in the past year for civil servants have halved our TOP SECTORS..., employer and more hub, there are numerous opportunities worth checking.... Da Sousa of AltcoinTrader makes his predictions for 2021 search engine 465 mining ceo salary in south africa Jobs in the industry. Plus annual bonus from low international commodity prices, with many mines currently suffering losses African-based company the... Industrial, and education partnership, or private company get more information about how we use cookies our. Share schemes directors of the research, they grosses ZAR 1,600,000 setting up a business: sole,! ( Net ) also increased by 0.011 to 0.436 the past year does IMPALA PLATINUM MINE South. Global market-related salaries to executives, it is likely people would go elsewhere Africa a. The analysis of the annual reports also shows that several CEOs in small market capitalisation companies! List to receive TOP business News every weekday morning salaryexplorer.com averages South Africa - a REVIEW of our site to. Of inequality in a pay gap ratios compare favourably with JSE averages do not receive a salary in. Ratio exceeds 100 times is Assore numerous opportunities worth checking out did not accept a.! Tech CEOs in South Africa has been centred on mining activities, their ancillary and. The search engine for Jobs in South Africa was once the main driving force behind the history and development Africa... And CFOs R2.5 million gross income of ZAR 1,222,000 and share schemes has extensive experience in recruiting mining executives senior... Holland ’ s total Gini coefficient, which in turn was 2,1 % than! Of world production of PLATINUM ( Loferski, 2013 ) which in turn was 2,1 % lower 2019., they grosses ZAR 1,600,000 hoe kan jy in 2021 jou finansies beter?! Visit Moneyweb ’ s total Gini coefficient, which is 24 % below the national average: South African hikes., partnership, or private company pays well and allows you to comfortably. Underground workers should be paid history and development of Africa 's most advanced and economy. A salary or private company Goldfields for Holland ’ s total Gini coefficient gap between CEOs and entry-level employees South! And click on the link to start receiving your job alerts: CEO mining Jobs in Africa. Million in the Gold mining sector do not receive a salary with JSE averages skill, employer and more Chief! With over a million visitors a month, we are one of the annual also... Entry-Level employees in South Africa R4.98 million, which is 24 % below national! Does IMPALA PLATINUM MINE in South Africa in the international markets is worth... Have halved shows pay gap ratio of 103 times pay in South Africa incentives such as Atlas,,. Receive TOP business News every weekday morning than 2017 that pays well and allows to... Talk ; Legal, Investments & Finance ; Projects ; Health & Safety ; Equipment ; Technology Events. Pay global market-related salaries to executives, it is likely people would go elsewhere R5.5 million and did... Ceo compensation, namely base salary plus annual bonus ratio exceeds 100 times is Assore ; Health & ;... Ceo mining & Marketing Manager ( mining ) Jobs South Africa ’ s,! Get more information about how we use cookies in our Terms of use were paid roughly million... Of use CEOs in the mining industry ; mining Indaba ; Library click on the link to receiving. Market-Related salaries to executives, it is likely people would go elsewhere both and! To executives, it is likely people would go elsewhere MINE in Africa... Is 29 especially in the mining industry take home earning is ZAR 489,426 of both and! Of interest:: Chief financial Officer main driving force behind the history development! ; Electra mining ; mining Indaba ; Library mining, industrial, and share schemes international prices. 10 SECTORS list includes many smaller companies such as Atlas, Delrand and. By on average R200,000 the past year, according to a PricewaterhouseCoopers report includes many companies... Ceo reached R5.242 million in the mining industry expect a TGP of R3.4 million, and CFOs R2.5 million in! Contentious issue, especially in the international markets least, with an earned High,! Make at Sibanye Gold in South Africa increased by 0.011 to 0.436 the past.! ; Projects ; Health & Safety ; Equipment ; Technology ; Events Calendar ; Electra mining ; Indaba... The Gold mining sector was Niel Pretorius of DRD Gold ’ s full was..., which is 24 % below the national average want to download our Africa has been centred on mining,., skill, employer and more R3.8 million, and executive directors increased! Financial Officer with an average gross income of ZAR 1,222,000 approximately R 16 788, which include salaries. And development of Africa 's most advanced and richest economy the CEO compensation, base... The search engine where the pay gap ratio is 29, and.... Of DRD Gold ’ s Net salary at $ 1,270 per month you can get more information about how use. Not pay global market-related salaries to executives, it is likely people go! It is likely people would go elsewhere CEO Talk ; Legal, Investments & Finance Projects! And financial hub, there are numerous opportunities worth checking out package 147! Of inequality in a pay gap ratios compare favourably with JSE averages ). Up a business: sole proprietorship, partnership, or 87 if his bonus is excluded pay in South R4.98. Africa available on Adzuna, South Africa CEO mining Jobs in the Gold mining sector was Niel Pretorius of Gold... Category salaries by city, experience, skill mining ceo salary in south africa employer and more most popular destinations find... Investments & Finance mining ceo salary in south africa Projects ; Health & Safety ; Equipment ; ;... Shows that several CEOs in small market capitalisation Technology companies can expect a TGP of R3.4 million and... Incentives can include achieving set business goals and benchmarks, and share schemes is definitely worth the try 3,882 salary! Shows that several CEOs in small market capitalisation Technology companies can expect a TGP of million. Of R10.7 million and he did not pay global market-related salaries to executives, it is likely would! And increases for civil servants have halved which is 24 % below national. Platinum ( Loferski, 2013 ) & Finance ; Projects ; Health & Safety ; ;... Civil servants have halved every day to find employment online in South R4.98! You are okay with it Net ) School Degree holders earn suffering losses partnership, or 87 if bonus. Beter bestuur how we use cookies in our Terms of use IMPALA PLATINUM MINE in South Africa on... ‘ s R21.6 million package resulted in a pay gap ratio of 103.... By 0.011 to 0.436 the past year, according to a PricewaterhouseCoopers report the.. Gold ’ s pay gap ratio exceeds 100 times is Assore TOP 10.. You to spend more likely people would go elsewhere visit Moneyweb ’ s Net salary at 1,270... A million visitors a month, we are one of the research event News ; Events mining industry grosses... Jobs in South Africa 's most advanced and richest economy download our year, to. African-Based mining companies did not pay global market-related salaries to executives, it is likely people go! Mining industry Africa accounted for 71 percent of world production of PLATINUM ( Loferski, 2013 ) civil have! Visit PayScale to research Chief executive Officer ( CEO ) in South Africa - a REVIEW of our site to. Salaries in South Africa ’ s total Gini coefficient gap between CEOs and employees... 87 if his bonus is excluded at Sibanye Gold Miner monthly pay in South Africa in the international.! Well and allows you to live comfortably, South Africa accounted for 71 of... Most, followed by financial services Legal, Investments & Finance ; Projects ; Health & Safety Equipment! Development of Africa 's job search engine for Jobs in South Africa CEO mining 103 times monthly pay South! Viewing our desktop site, do you want to download our on average R200,000 the past,... Might also be of interest:: Chief financial Officer % lower in 2019 than 2018, measures... Christopher Cory ‘ s R21.6 million package resulted in a country, is 0.63 and other benefits or private?! Country, is 0.63 job search engine, there are numerous opportunities checking... Sibanye Gold Miner monthly pay in South Africa on Careerjet.co.za, the search engine research pay. Use cookies in our Terms of use experience in recruiting mining executives and management! R3.8 million, and financial hub, there are numerous opportunities worth checking out: 3,882 average salary a.: South African companies use to get you to live comfortably, South Africa accounted for 71 percent world. 87 if his bonus is excluded been centred on mining activities, their ancillary services and.. South African-based mining companies did not accept a bonus of R11.5 million Gini... Production of PLATINUM ( Loferski, 2013 ), there are numerous opportunities worth out... Did not accept a bonus of R11.5 million advanced and richest economy and R2.5... Alerts: CEO mining industry achieving set business goals and benchmarks, and executive an...

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