Basson’s double … R100 million-plus salaries are often only seen in companies where executives are paid in foreign currency (typically pounds). According to Rupert, executive salaries in South Africa are justified, considering the value they bring to the companies they manage. Average Shoprite Group weekly pay ranges from … Our Community Initiatives. Shoprite CEO Basson has an annual salary of R49 million. Our Properties. Pieter Engelbrecht is the Chief Executive Officer (CEO) of Shoprite Holdings. ShopRite employees with the job title Produce Manager … He got R100 million bonus. Investors. (Bloomberg) — Shoprite Holdings Ltd. doubled Chief Executive Officer Whitey Basson’s pay last fiscal year to R100.1 million ($7.4 million), thanks to a bonus from Africa’s largest food retailer … Shoprite CEO's pay up by 4.5% to top … This performance was driven mainly by our Supermarkets RSA operation growing sales by 7.4percent in the six months to June 2019 and 9.4percent in the final quarter. © 2021 Independent Online and affiliated companies. 7. Salaries posted anonymously by Shoprite Supermarkets … The market-share gains reflected in the most recent quarter testify to our core South African business being back to full operational strength,” De Bruyn said. Our Group. A free inside look at Shoprite Supermarkets salary trends based on 2217 salaries wages for 421 jobs at Shoprite Supermarkets. The average Shoprite Store salary ranges from approximately $15,000 per … Brett Wing has been named president of ShopRite Supermarkets (SRS), a wholly owned subsidiary of Wakefern Food Corp., which operates 34 ShopRite stores, effective immediately. 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His salary included a R49.7 million rand basic salary for the 12 months through June –  the same as the previous financial year – and a R50 million rand one-time performance-related bonus. He was succeeded by Pieter Engelbrecht, former chief operating officer. Basson’s double-pay is thanks to a bonus he received from Shoprite for beating the company’s profit growth target for the year. Shoprite highlighted shareholder discontent this year with its hotly contested plan to buy back deferred shares in Thibault Square Financial Services Proprietary, chairperson Christo Wiese’s investment vehicle to simplify its voting structure. The Shoprite group, of which Checkers is part, paid its chief executive R100 million in the year to June. “Take [Shoprite CEO] Whitey Basson: how can anyone tell me that Whitey is paid too much, considering the wealth he’s created for shareholders?”, Where to get the best salary in South Africa in 2016: Joburg vs Cape Town vs Durban, Malema warns councillors – pay half your salary to the EFF or you are out, Half salary and no sedans for EFF councillors: report. Average Shoprite Store hourly pay ranges from approximately $8.96 per hour for Stocking Associate to $14.37 per hour for Baker. Shoprite CEO White Basson has seen his take-home salary double over the past year, with the executive pocketing R100 million in the group’s latest financial reporting. Iain Moir, the CEO of South African food and clothes retailer Woolworths Holdings, was paid R49.2 million in the year ending June 28, including base salary of R11.2 million and a … The total remuneration figure includes a short-term incentive of R4.44m, R214000 in benefits and other benefits of R491000. Growthpoint, a property company whose Chief Executive Officer Norbert Sasse earns a total salary of about R25.3m. Shoprite Supermarkets Business Salaries 2,179 salaries (for 413 job titles) Updated Dec 3, 2020 2,179 Shoprite Supermarkets employees have shared their salaries on Glassdoor. Shoprite Group of Companies pays its employees an average of R209,870 a year. Revenue at Shoprite – Africa’s largest food retailer – in the year to June was R130.3 billion, up 14.4% year-on-year. Basson's salary … Earnings: R122 Million. He was paid up to a total of R100.1m when the one-time R50m bonus on performance was added. All rights reserved, Please visit the official Government information portal for Coronavirus by clicking HERE. In terms of basic salaries, the likes of Woolworths’ Ian Moir and Shoprite’s chief executive Pieter Englebrecht were the biggest earners, with R18.9 million and R16.1 million, respectively. Average Shoprite … Pre-tax profit was R6.85 billion, also up 14.4%. Alan Clark of SAB Miller. “It’s almost impossible to pay a top executive well enough,” Rupert said in an interview with the Rand Daily Mail in 2015. For 2020, we will revise the performance criteria and adjust the designs relating to long- and short-term incentives. Salaries at Shoprite Group of Companies range from an average of R74,266 to R564,622 a year. “During 2019, the committee, the human resources department, the board and executives begun overhauling the remuneration strategy to align more closely with the group's strategy and address the concerns raised,” Zinn said. He assumed the role on 1 January 2017, bringing with him extensive operational and management experience gained over 20 … Richard Saker is owner and operator of 30 ShopRite Supermarkets, 29 pharmacies, 2 liquor stores, and Dearborn Market and Garden Center. Pieter C Engelbrecht is CEO/Executive Director at Shoprite Holdings Ltd. See Pieter C Engelbrecht's compensation, career history, education, & memberships. Hourly pay at ShopRite ranges from an average of $9.48 to $19.64 an hour. Shoprite Holdings chief executive Pieter Engelbrecht’s total remuneration was R21.27m in 2019, up by 4.5percent compared with last year's R20.36m. Behind the humour lies a razor-sharp mind that … De Bruyn said Shoprite increased its turnover by 3.6percent to R150.4billion for the year to the end of June. The biggest reason for the decline was a 13.2percent decline in his short-term incentives, which fell to R1.4m in 2019 compared with R1.62m in 2018. Shoprite’s chief financial officer, Anton de Bruyn, received total remuneration of R6.74m, up by 31percent compared with R5.15m he received in 2018. Photo: Ashraf Hendricks It would take a worker in a Checkers deli about 290 years to earn what the chief executive of the Shoprite … Shoprite Holdings is Africa's largest supermarket retailer. Engelbrecht’s annual salary increase to R16.13m rose by 7.5percent compared with the R15.01m he earned in 2018. By Janice Kew. … Joseph Colalillo is Chairman/CEO at Wakefern Food Corp. See Joseph Colalillo's compensation, career history, education, & memberships. Following his retirement, Basson served for nine months on the Shoprite Holdings board as non-executive vice-chairman to ensure an orderly leadership transition. Adrian Gore (CEO of Discovery) Adrian Gore has a fixed Salary of R6.59m with a total of R19m. The group declared a final dividend of R2.96, taking its total dividend for the year to R4.52, a 17% growth on the prior year’s R3.86. The average Shoprite Checkers (Pty) Ltd monthly salary ranges from approximately R 2 000 per month for Bakery Assistant to R 11 867 per month for Sales Manager. A R100 million salary would place Basson in a small elite group of South African executives earning over R100 million, including the likes of SABMiller former CEO Alan Clark and BHP Billiton chief, Andrew Mackenzie. The group recorded an annual gross profit of approximately N$35,3 billion in 2019. ShopRite pays its employees an average of $12.56 an hour. Shoprite CEO Whitey Basson’s R100-million salary was brought up as workers gathered in Johannesburg for the march organised by the Congress of SA Trade Unions (Cosatu) on Friday. Shoprite said in the annual report that, over the next three years, the retailer would complete and implement its revised remuneration policy. Pieter Engelbrecht (CEO of Shoprite) Shoprite … 6. Professor Shirley Zinn, chairperson of the group's remuneration committee, said following the 2018 annual general meeting, where more than 25percent of ordinary shareholders voted against the remuneration policy, the committee, together with executives and the company secretary, led shareholder engagement to understand their concerns. But these days few are fooled by the act. Bernard Fornas and Richard Lepeu, Co-CEOs of Richemont, both saw salaries of over R150 million in 2015, while chairman and South Africa’s former richest man, Johann Rupert took home R50 million. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. Basson hasn’t received a basic pay increase since 2013 and has had no one-time payments for five fiscal years, according to the group. The remuneration package of the group's divisional manager, Ram Harisunker, declined by 3.9percent to R5.72m, compared with R5.96m last year. Our Story. Shoprite will hold its annual general meeting on November 4. The Shoprite CEO Basson had a basic salary totaling to R49.6m in 2016. In public, Shoprite CEO Whitey Basson loves to play the joker, poking fun at himself, his chairman and rivals. The average Shoprite Group monthly salary ranges from approximately R 2 087 per month for Cashier/Sales to R 36 817 per month for Clerk. “In 2020, we will roll out the first phase, which affects 2257 people in our executive, senior and middle management teams. Our Customers. Alan Clark is the most paid CEO in South Africa as … "These changes will first affect executives and senior management, before being rolled out to additional eligible employees in 2021,” it said. The bulk of Shoprite staff earn less than R2000 a month. ShopRite employees earn $25,000 annually on average, or $12 per hour, which is 90% lower than the national salary average of $66,000 per year.According to our data, the highest paying job at ShopRite is a Pharmacist at $98,000 annually while the lowest paying job at ShopRite … “Emerging from a transformational year in 2018, which resulted in only marginal sales growth in the first half to December, the group managed to report improved growth in the second half of the financial year. Saker ShopRites is one of the highest average volume per store … Shoprite CEO White Basson has seen his take-home salary double over the past year, with the executive pocketing R100 million in the group’s latest financial reporting. Our Brands. He had not gotten a basic pay … Our Directors. His annual salary of R3.12m was up by 27.7percent compared with last year's salary of R2.45m. However, his annual salary rose by 6.8percent to R3.79m. Our Purpose & Values. 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