Super User

Super User

The crazy amount of money that bosses get paid in South Africa

Deloitte has published its annual Executive Compensation Report, showing what top executives earn in South Africa. The 2018 report analyses the remuneration disclosures of executives from JSE listed companies over the past 7 years, and paints a picture of how executive pay has shifted over the years, and a possible way forward.

Three new retirement villages in the offing

Three new retirement villages are to be launched by Rabie Property Group under a new brand, Oasis Life, in Cape Town over the next six to eight months at a total cost of more than R2,5billion. This follows the successful sell out of Rabie’s Oasis Luxury Retirement Resort in Century City where all 376 sectional title apartments were sold out six months ahead of the sixth and final high-rise apartment block being completed.

These are the new routes set for the next Gautrain expansion

The Gautrain is currently seeking R4 billion to increase its number of trains by 50% ahead of a potential expansion to other parts of Johannesburg and Pretoria. According to a report by Bloomberg, the Development Bank of Southern Africa is leading the fundraising – with Canada’s Bombardier, the CRRC Corporation of China and local firm Egoli Rail among the bidders to supply the trains.

Country launches first food security centre

Following the devastating effects of the listeriosis outbreak in December 2017, food-manufacturing giant Tiger Brands has banded together with the University of Stellenbosch to launch the country’s very first Centre for Food Safety in the country. The outbreak left a trail of devastation in its wake, with the Western Cape recording the second-highest number of deaths as a result of the deadly bacterium.

Selected malls to cap parking fees

The price of living seems to be on the rise in South Africa, so locals will welcome the news that some malls in the Western Cape plan to introduce free parking and lowered parking prices in 2019. Around this time next year, every shopping centre owned by the Redefine Properties company will probably have capped parking fees in order to provide a stronger pull for customers. In some malls shoppers could pay as little as R5 for up to four hours of parking, while other centres may have free parking altogether.

Subscribe to this RSS feed


About us

Follow us

Follow us @BusinessNewsCT

BusinessNewsCT RT @voltexsa: Amp up your summer with this and many other recession beating specials during all of November and December! Visit our website…