Whitey basson salary 2016. COSATU statement on Sunday Times Rich List 2019-02-20

Whitey basson salary 2016 Rating: 4,5/10 1278 reviews

Shoprite forced to pay Whitey Basson R1.8 billlion

whitey basson salary 2016

Workers at Shoprite and Checkers should take note of that figure when they submit their next wage claim. She catches two taxis just to get to work, spending R42 daily on the return journey, or R840 a month. Top of the pile is Patrice Motsepe, who is ranked 336th on the Forbes list of richest people in the world, with an estimated fortune of R23. The bonus was also for his long service to the company. He had not received any short-term incentive payments, nor had he received benefits from any long-term incentive plans in the past five years, the committee said. He has been with the international household retailer since 1988. But it is a choice and privilege to be employed.


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Shoprite Holdings

whitey basson salary 2016

She too works nine hour shifts. The only people who could possibly know that are the people who are using their money and making the decision. With his R49,7 million basic salary and his performance bonus, Basson walked away with just over R100 million, reports. In December 2011, our broadcast footprint expanded to include the Garden Route, in particular: Knysna, George and Mossel Bay. These big companies forget, that that if there were no workers, there would not been any companies.

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Shoprite Holdings

whitey basson salary 2016

He got R100 million bonus. Shoprite reported that it had opened a number of 125 new stores during the past financial year. No one says he must not get a salary commensurate to his level and contribution in the company. Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines. Ramos earned a basic salary of R14. It is a free will contract between an employer and an employee.


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Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

whitey basson salary 2016

In August, Shoprite reported a 17% growth in its full-year profit. I just wonder how much he gives to charity and his faithful workers. Not a grievance thing or a strike thing! She works a nine hour shift. We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section. I would have thought R8500 would be at least fair. What you should be focusing on is liberalising the labour market so that Shoprite employees can more adequately compete for better salaries. Jooste earned a basic salary of R40.

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Shoprite workers complain about Basson’s R100m salary at Cosatu march

whitey basson salary 2016

It is a private institution. As long as there is life their must be hope but any hope for a better life is being taken away day by day when the poor majority see this gross and clear exploitation but also an insult to the dignity of the poor who sacrifice so much in selling their labour for so little in return. That a large chunk of their money goes toward just getting to work. One man does not make a business. Pleasingly, Dr Basson will remain on the Shoprite Holdings board as Non-Executive Vice-Chairman to continue to share his knowledge and experience.


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Shoprite doubles CEO Whitey Basson's pay to R100 million

whitey basson salary 2016

I agree with the workers. Something is very wrong with this set up. Sincerely Sarah Hubbard 2 Jun 2017 The fundamental of any successful leader should be to love people and use money. In June, market share increased to the highest level in three years. They have created a business employing more than 130000 people and are paying them, training them, offering career paths and growing the business for all stakeholders including their employees and families.

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Shoprite workers complain about Basson’s R100m salary at Cosatu march

whitey basson salary 2016

Whitey Basson isn't holding a gun to anyone's head. Fortunately, effective succession has always been a key focus for the management team and over the last few years many of the key operational responsibilities had already been successfully handled by the senior management team. Workers will certainly not stop fighting for real increases in their living standards while such grotesque levels of inequality remain. The level of efficiency with which we managed our business is also reflected in our internal food inflation. Shoprite justified this by stating Basson had steered the company excellently during trying economic times. This easily surpasses the income of the 2009 top earner Pine Pienaar, who made a mere R63 million. She spends R500 of her salary on rent every month and up to R320 on transport.

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Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

whitey basson salary 2016

Shortly after, Basson announced his retirement after serving at the retailer for 37 years. Transparency on leaders salaries should inspire people, giving them hope of future achievements, making them proud to have leaders with integrity and courage. Talk is minimal and all promotional activities project aspirational lifestyle values. Phumla has been working for the company since last November but she has been told that as a casual worker she will not be paid during her maternity leave. I am sure he also has expenses and can afford the best, but then there must be a whole lot to spare. Shoprite reported turnover of more than R130 billion for the year to June 2016.

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COSATU statement on Sunday Times Rich List

whitey basson salary 2016

The on-air product is lifestyle focused towards adults who enjoy good music and indulge in quality life experiences. Individuals are loyal to these companies, they carry out the roles they were employed for, all they are asking is a fair living wage, surely in that millions of profits they can find a wage above R2900, who in the world can live on that? Hemphill was to earn 1 000% of his base salary, essentially boosting it from R20. Please give the leaders their dues who have achieved it! Shoprite feature on the wealth ownership list as well as the list of earners. The station also provides global, national, regional and local news, as well as sport, local traffic, weather reports and the latest entertainment news. His total package amounted to R83. Mike Brown, Nedbank Brown earns a basic salary of R7. They're going to be replaced by robots in the future anyway, so if they have any kind of foresight they'd start making a plan now, but they won't.

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Whitey Basson deserves R100m pay

whitey basson salary 2016

Whitey Basson, has decided to retire at the end of December 2016. What I am against is that they cannot see the value of someone travelling an hour to come to work, working a long shift then commuting for an hour to get home. To do a turnover of R130 billion and pay your workers R2,700 a month is pathetic. In order to best target our upwardly mobile audience, we provide familiar, well-loved music with a skilful blend of entertainment, news, weather and information that keeps our listeners tuned in longer. We've been broadcasting in the Eastern Cape since 1 January 1986. In February, the company reported that its net income for the six months ending 31 December 2015 had increased to R2,2 billion, while sales increased by 8,8% to R62,5 billion. There is nothing wrong with money.


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