Executives cashing in with above inflation pay cheques

A new report released by Price Waterhouse Coopers, has found that executive directors paid themselves more than inflation last year, despite telling workers not to demand big wage increases.

Gerald Seegers , Director at PWC, joins Stephen Grootes on the line from Johannesburg.

He says you need to look at it overall, though it may look very inflationary. Some sectors have had bigger increases than others.

There is definitely now a crossroads we are going through, where the shift has moved to... say we can't just measure the level of executive pay and increases, we know also have to pay attention... and take action about public concerns about the level of pay.

Gerald Seegers , Director at PWC

He says there is a global shift looking beyond just the levels of pay, to community concerns. What have these companies done to alleviate poverty and unemployment?

We've seen it all around the world, where people start voting with their feet.

Gerald Seegers , Director at PWC

Cosatu's Sizwe Pamla says this is commonly seen even during an economic downturn like we are experiencing. He says these executives go to shareholders and propose restructuring, which in effect leads to workers losing jobs.

They keep pretending that that status quo is sustainable.

Sizwe Pamla, Cosatu

He says it is up to social partners to put pressure on business to cap these increases.

Listen to the interviews below:

Read More
Chris Froome close to grabbing the fourth Tour de France title

Chris Froome close to grabbing the fourth Tour de France title

EWN sports reporter Jean Smythe is with Team Dimension Data for Qhubeka and gives an update on all things Tour de France.

Death of Linkin Park's Chester Bennington shines spotlight on depression

Death of Linkin Park's Chester Bennington shines spotlight on depression

Cassey Chambers, Operations Director, Sadag says anyone can suffer from depression.

M&G makes link between Bathabile Dlamini and her newest appoinment, Pearl Bhengu

M&G makes link between Bathabile Dlamini and her newest appoinment, Pearl Bhengu

M&G reporter Sihle Manda speaks to Mandy Wiener about the company that ties them together.

Guptas deny Bell Pottinger links in exclusive BBC interview

Guptas deny Bell Pottinger links in exclusive BBC interview

The family spoke via their spokesperson, Gary Naidoo who claims the Gupta's were not involved in pushing the 'WMC' narrative.

Moerane Commission key witnesses under threat

Moerane Commission key witnesses under threat

The Moerane Commission of Inquiry is expected to conclude its investigation into the underlying cause of KZN political killingss.

MiWay email hoax: "It was absolutely amazing just how much traction this got"

MiWay email hoax: "It was absolutely amazing just how much traction this got"

Emma Sadleir says the company can sue for defamation "which is loss of reputation".

Popular articles
Post Office's Mark Barnes disappointed at Magwaza's departure from Sassa

Post Office's Mark Barnes disappointed at Magwaza's departure from Sassa

Barnes says Magwaza had sent him a letter expressing the agency's intentions to appoint the Post Office to pay social grants.

W Cape hard-hitting video will make you think twice before driving and texting

W Cape hard-hitting video will make you think twice before driving and texting

The Province's #ItCanWait Campaign uses CCTV footage of people walking and texting with disastrous consequences to make its point.

Should employers deduct money for time spent on smoke breaks?

Should employers deduct money for time spent on smoke breaks?

Caller, Ashley in Somerset West shares her opinion on some suggestions made on combating smoking in the workplace.

Glacier reveals bodies of Swiss couple missing for 75 years

Glacier reveals bodies of Swiss couple missing for 75 years

Adam Gilchrist has more on this tragedy that left 7 children orphaned.

ANCYL wants Mapaila's party membership revoked

ANCYL wants Mapaila's party membership revoked

Political analyst Karima Brown shares details on political stories making headlines in South Africa.

WATCH: Vlogger claims billions of litres of usable water in underground tunnels

WATCH: Vlogger claims billions of litres of usable water in underground tunnels

In his video, Adam Spires, takes a look at the underground spring water that flows out to sea which he believes could be used.

[LISTEN] Roger Federer's SA born mother says her son hates to lose

[LISTEN] Roger Federer's SA born mother says her son hates to lose

South African born Lynette Federer speaks to CapeTalk's Kieno Kammies about her son who clinched his 8th Wimbledon title.