In the Gold Mines of CEO Pay

In a South African company context, $19 million is pretty meaningful. Annual reports are still being published to cover the 2021 year, but for now, Froneman stands comfortably ahead of local CEOs where generous pay packages tend to fall somewhere between …

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Top 10 Highest Paid CEOs in South Africa (2023)

Joosub has a Bachelor of Accounting Science from the University of South Africa and an MBA from the University of Southern Queensland. 9. JJ Durand (CEO of Remgro) Investment holding company Remgro CEO, JJ Durand gets a fixed salary of about R13m. Bonus and grants skyrocket it to R13.9m. 10. Fani Titi (CEO of Investec)

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Relationship between executive pay and company …

negative relationship between ROE and guaranteed CEO pay. 7 De Wet (2012) South Africa Listed companies 2006–2010 ROE; ROA; EVA; MVA Yes Significant relationship between executive pay and company performance; strong relationship between traditional metrics (ROE and ROA) compared to EVA and MVA 8 Deysel and Kruger (2015)

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The Herald

Remuneration reports from some of South Africa's most prominent mining companies revealed their chief executive officers (CEOs) massive salaries in 2022, with some earning more than quadruple that of the best-paid banking …

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The Herald

Remuneration reports from some of South Africa's most prominent mining companies revealed their chief executive officers (CEOs) massive salaries in 2022, with some earning more than quadruple...

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In the Gold Mines of CEO Pay

Froneman, the CEO of Sibanye-Stillwater, a mining company listed on the Johannesburg Stock Exchange. Sibanye-Stillwater operates mostly within South Africa, but also has interest in places like the U.S. and Zimbabwe. And for the 2021 financial year, the CEO Neil Froneman earned a pay package of around R300 million, which is around $19 million.

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Fund managers attack CEO pay in SA mining industry

South African fund managers overseeing almost US$180 billion in assets say they are stepping up pressure on mining companies in South Africa to curb executive pay as returns to shareholders dwindle. The industry "is going through a very, very hard period," says Fidelis Madavo, who helps manage about R1.4 trillion (US$140 billion) at Public Investment

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Relationship between executive remuneration and …

In Table 3, the median values are much lower than the mean values, as the mean values are impacted by the outliers because one of the companies in this sample was the 10th largest company in the JSE.The mean and median values for the CEO remuneration are R8.2 and R6.8m, respectively, and they range from R1.3 to R34m. As a reminder, the CEO …

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