This is understandable given that the skew in rewards for executives compared with wages of workers is one of the key drivers of rising inequality - in South Africa and across the globe.comparing chief executive officer pay with average monthly pay ratios in the country. In our analysis CEO pay included a base salary and a variety of benefits. We then compared the CEO's pay to the overall average monthly earning provided by the country's statistics agency, StatsSA.
We are in favour of the bills because it will mean that companies can't go on ignoring inequalities in earnings and wealth in South Africa. Disclosures will also provide other social actors with evidence to question inequalities within firms, and demand changes. The changes also include clauses that would make remuneration disclosures mandatory for public companies and state-owned entities.
The law should require firms to report the wages of the lowest paid person regardless of whether they are employed internally or outsourced. This isn't the case at the moment.