South African men get paid much more than women - here are the worst industries
- A new PwC report found that SA men are consistently paid more than women.
- Healthcare, media and technology are among the industries with the biggest differences between male and female salaries.
- The report also found that 85.9% of SA CEOs are white.
- For more stories, go to www.businessinsider.co.za.
South African women are consistently paid less than men, and there is no industry where they are paid more than men, a new report by PwC found.
The PwC executive directors practices and remuneration trends report for South Africa, released on Tuesday, showed that men in healthcare are paid roughly 28.1% more than women, and 25.1% more in media and general retailers.
In South Africa’s technology industry, men are paid 22.9% more, and 21.8% more in the financial sector.
Only 3.3% of the companies listed on the Johannesburg Stock Exchange (JSE) have female chief executive officers (CEOs), the report found.
In 2018, the World Economic Forum (WEF) Global Gender Gap Report found that South Africa has the nineteenth smallest gender pay gap out of 149 countries.
The PwC report found that 85.9% of CEOs of listed South Africa companies are white, followed by 10.2% black and 2.2% Indian or Asian.
Of the 310 chief financial officers (CFOs) in listed South African companies, 89.7% are white, 4.6% black, 3.2% coloured and 2.5% Indian or Asian.
40% of executive directors of listed companies, excluding CEOs and CFOs, are white, followed by 29.5% black, 20.4% Indian or Asian, and 10.2% coloured.
The report found that the average age of South African executive directors is 56, and their average tenure is 4.5 years.
The average CEO serves in the position for 4.3 years.
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