The public consultation processes on the amendments to the South African Companies Act 71 of 2008 (the Act) appears to have been concluded, with the following main changes to the Act that affect remuneration governance and reporting likely to soon be signed into law:
The conflict surrounding executive pay in South Africa reflects a complex interplay of diverse interests among various stakeholders, including the media, general society, shareholders, government, executives themselves, and boards with remuneration committees.
Cross-border work refers to employment or job activities that involve individuals working in a country other than their own. It often implies working in a different jurisdiction with different labor laws, immigration regulations, and tax requirements.
This article covers on-line meetings and the impact it is having on employees and productivity.
There have been many profound shifts in the workplace fueled by the COVID-19 pandemic. Organisation have had to navigate the crisis by rethinking the way they work. The most impactful of these is the switch to employees working from anywhere.
The current challenges in the South African economy see businesses cutting costs at every corner in order to survive. An alternative solution to improving profitability in a turbulent market is to focus more on increasing revenue. What would it mean to your business if your sales team could increase their sales by 10% or increase market share by 5%? Do you drive revenue, or do you drive margin?
Organisations will need to continually review the landscape as the country (and the world) works through the various levels of lockdown, to ensure that they move ahead, and remain ahead of the competition when we move into the ‘new norm’.
The importance of getting the pay mix right for the different roles in your company especially sales staff
The remuneration information captured includes salary, benefits, other pay, STI’s paid and LTI’s cashed in.
Khokhela Consulting recently embarked on a five year period of CEO remuneration analysis from 2011 to 2015. We used remuneration across 120 different JSE listed companies. Over the years we have seen a continual rise in CEO pay in the form of TGP and Total Remuneration regardless of the size of the organisation.