The ten biggest listed companies on the Johannesburg stock exchange have a combined market capitalisation of a whopping R15.2 trillion, which results in big CEO paydays, with the highest earner making a substantial R726,027 per day.
Additionally, CEOs in South Africa often grapple with the ongoing issue of transformation and diversity in the workplace. The country’s history of apartheid has created a legacy of inequality, and CEOs are pressured to address this and promote inclusive practices within their organisations. Moreover, CEOs in South Africa must contend with various operational challenges, such as fluctuating exchange rates, skills shortages, and unreliable infrastructure. These factors can hinder growth, increase costs, and stress the CEO’s responsibilities significantly.