By: Natasha Archary

Shoprite’s CEO earned 1,081 times more than the company’s internal minimum wage in 2022.
Several of South Africa’s largest publically-listed companies have major pay discrepancies between their highest- and lowest-paid employees.
According to Tracey Davies, Executive Director of shareholder activism organisation, Just Share, wage gap disclosure in South Africa are not required by law, but several companies nationwide have started to release this information.
“A common argument against pay gap disclosure in South Africa is that this disclosure will be ‘taken out of context’ or misinterpreted. While there are important differences between sectors which impact levels of pay, Just Share believes that stakeholders can make their own assessments of fairness on a case-by-case basis.
This disclosure is a crucial first step in understanding and addressing the high labour market inequality that is so damaging to our economy and society.”
Tracey Davies – Executive Director of Just Share
Several JSE-listed companies have started o make disclosures relating to vertical wage gaps and internal minimum wages.
The most recent set of disclosures are:
- Absa Group Limited
- Investec Limited
- JSE Limited
- Nedbank Group Limited
- Old Mutual Limited
- Shoprite Holdings Limited
- Standard Bank Group Limited
- Woolworths Holdings Limited

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