Whitey basson salary 2016. Shoprite workers complain about Basson’s R100m salary at Cosatu march 2019-01-09

Whitey basson salary 2016 Rating: 4,5/10 1293 reviews

The JSE Top 40's highest earning CEOs

whitey basson salary 2016

Phumla not her real name , who works in the deli department at a Checkers store, earns R550 a week. Basson had not received a basic pay increase since 2013 and no one-time payments for five fiscal years. The bonus was also for his long service to the company. If you've ever been to a Checkers deli section, you'll find that the people behind the counter would usually rather sit and chit chat about whatever the latest gossip is, instead of helping the clients, yet they are the first people to complain about small salaries. 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. At R28,600 a year, it would take her nearly 3,500 years to earn what Basson earned this year.


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Shoprite doubles CEO Whitey Basson's pay to R100 million

whitey basson salary 2016

With his R49,7 million basic salary and his performance bonus, Basson walked away with just over R100 million, reports. She catches two taxis just to get to work, spending R42 daily on the return journey, or R840 a month. She too works nine hour shifts. I agree with the workers. It gives one options to do things and opportunities to help others.

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

whitey basson salary 2016

In this case, Shoprite's leaders have done it. He fully deserves his reputation as one of South Africa's retail giants. If he could do that, surely people will not be so angry about the situation. They prove that South Africa is a rich country, but that the distribution of that wealth leaves just 20 people owning R112. So yeah, that's the only option I can see. Basson deserves every cent of the R100 million salary that Shoprite has paid out to him.

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Shoprite Holdings

whitey basson salary 2016

That a large chunk of their money goes toward just getting to work. It is more than disgusting that one man can earn so much money, and the workers have to suffer. But it is a choice and privilege to be employed. 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. 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. They have an employee shopping card, where all the money gets taken off from your salary.

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

whitey basson salary 2016

The group said he had not had a pay increase since 2013. Businesses need visionary leaders with courage and perseverance to build a sustainable future for all stakeholders. Shoprite reported turnover of more than R130 billion for the year to June 2016. Jooste earned a basic salary of R40. It was started in 1997 as an on air feature with the aim of supporting local non-profit organisations with their mission to assist and empower those in need, especially the most vulnerable within our community. She works a nine hour shift.

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Shoprite doubles CEO Whitey Basson's pay to R100 million

whitey basson salary 2016

They'll just sit and bitch about it, and blame someone else for their inadequacies. He is running a private institution whose leaders declared that he receives that remuneration. Whitey Basson smiled all the way to the bank in the past fiscal year. Obviously the money Checkers has to give Whitey was gained on the backs of the more than 130,000 workers. 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. I am sure he also has expenses and can afford the best, but then there must be a whole lot to spare.

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Whitey Basson deserves R100m pay

whitey basson salary 2016

Many times my mother has taken home less than her normal take home, as she has to shop for basic food needed in the house. Whitey Basson showed the true colours of an extraordinary leader! He has overtaken Lakshmi Mittal, boss of ArcelorMittal, whose wealth has fallen to R20. The 100 richest people, who collectively own R152. Shoprite justified this by stating Basson had steered the company excellently during trying economic times. They were the first to introduce 08H00- 20H00 working hours even on a Sunday.

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Shoprite doubles CEO Whitey Basson's pay to R100 million

whitey basson salary 2016

We use the power of radio and digital to increase awareness, influence positive change and inspire development within our broadcast footprint. Sincerely Len Hauptfleisch 12 Sep 2017. 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. You just lost a customer Checkers! The bulk of Shoprite staff earn less than R2000 a month. She has two children and one of them is at university. The on-air product is lifestyle focused towards adults who enjoy good music and indulge in quality life experiences. The station also provides global, national, regional and local news, as well as sport, local traffic, weather reports and the latest entertainment news.

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