DURBAN - The new PwC executive directors practices and remuneration trends report for South Africa showed that women are paid less than men in every industry according to Business Insider South Africa.
In the technology and financial sectors men are paid 22.9 percent and 21.8 percent more, respectively. The report revealed that 85.9 percent of the Chief Executives of listed South African companies are white. While, 10.2 percent of Chief Executives are black followed by Indian or Asian Chief Executives who only make up 2.2 percent.
According to the report, the average age of an executive director in a South African company is 56 and their tenure at the company is 4.5 years. The average Chief Executive holds their position for 4.3 years. The 2018 World Economic Forum Global Gender Report ranks South Africa’s gender equality 19th out of 149 countries, but on the subject of wage equality for similar work the ranking plunges to 117th.
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