var x = (e.clientX + 5) + 'px', African Rainbow Minerals is a mining company, and Mike Schmidt the CEO earns about R29.3m. Event News ; Events Calendar; Electra Mining; Mining Indaba; Library. Financial Management . How much does IMPALA PLATINUM MINE in South Africa pay? The report found that CFOs receive an average annual salary of R3.8 million, and executive directors an average salary of R3.3 million. The research excludes long-term incentives such as share schemes. } South Africa has one of the strongest economies on the African continent, so it is a major hub for professionals looking to advance their careers. Most of the highest paid professionals in the country include lawyers, I… Source: Profile Media and Moneyweb jQuery(this.parentElement).lightBox({ CEO Talk; Legal, Investments & Finance; Projects; Health & Safety; Equipment; Technology; Events. How much does a Miner make at Sibanye Gold in South Africa? }) If the salaries of Cutifani and Mackenzie are not taken into account in the local non-gold mining sector, the average remuneration packages in these industries are significantly lower than the average JSE CEO package. This analysis shows that the average salary at South Africa’s top IT and telecoms companies is R611,000, well above the country’s average of R270,000. if (window.getSelection) { y = (e.clientY + 5) + 'px'; Visit Moneyweb’s comprehensive analysis tool to analyse the salaries of all the executive directors of the 329 JSE-listed companies. It is also evident that the massive salaries of international mining giants Anglo American CEO Mark Cutifani (R66 926 332) and BHP Billiton CEO Andrew Mackenzie (R56 902 390) have a significant impact on the average salaries in the mining sector. Non-gold mining excluding BHP Billiton and Anglo American. } The salaries of both CFOs and executive directors also increased by on average R200,000 the past year. XML . = "_blank"; Women in Mining; Africa; Business. Wiki User Answered . The company also said it would resume limited operations from its South African gold and platinum group metal (PGM) mines from April 14. Logistics . Coal Mining . Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later. The tables below represent statistics for CEO remuneration. The country’s stock exchange in Johannesburg was established in 1887, a decade after the first diamonds were discovered on the banks of the Orange River, and almost simultaneously with the gold rush on the world-famous Witwatersrand. Get the best of our site delivered to your inbox every day. averages South Africa’s net salary at $1,270 per month. Here's what may be going on, Investors may have lost R100 million in a scheme run by a prominent Joburg advisor, who warned them to prepare for a ‘coming crash’, Buying a mattress? CFO . Meanwhile two reports on executive pay from Deloitte and PwC showed that the average executive in South Africa earns R17.972 million a year in total … CEO workers holding High School degrees enjoy the highest average gross salaries in South Africa. The median salary of tech CEOs in South Africa R4.98 million, which include basic salaries, bonuses, and other benefits. The analysis of the annual reports also shows that several CEOs in the mining sector do not receive a salary. Ceo Mining Jobs In South Africa. oldTweetLink.parentNode.removeChild(oldTweetLink); A new PricewaterhouseCoopers report found that the average South African CEO of a listed company can expect to earn R5.4 million a year. Compared to seven other sub-Saharan African countries, South African executive directors were paid roughly R1 million more. } Our team has extensive experience in recruiting mining executives and senior management jobs in the international markets. tweetLink = createTweetLink(getSelectedText(), e); CEO Talk; Legal, Investments & Finance; Projects; Health & Safety; Equipment; Technology; Events.