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Data provided by the group shows that South Africa’s retail sector minimum wage as of 1 March 2021 was around R28.25 an hour. By comparison, Woolworths said that its base pay as of 1 April 2021 ...
R36.55 – 21.0% above the Retail sector minimum wage, and 57.6% above the SA minimum wage. A further adjustment as per our normal salary review cycle is effective in October 2022. EMPLOYEES FOR EMPLOYEES FUND In South Africa, the Employees for Employees (E4E) Fund is another intervention to deal with the impact of an unequal society.
Woolworths Holdings (Woolies) has hiked its hourly rate for its South African employees above the retail sector and the country’s minimum wage. In its remuneration report found in the Woolies ...
fuel costs have led to a cost-of-living crisis – putting additional pressure on salary adjustments. South African employees’ guaranteed pay increases ranged from 5% to 6.5%. Applying our ‘Just Wage’ commitment, store staff’s hourly base rate was increased by 9.4%, significantly above that of management and the executive directors.
Oct 4, 2023 · South Africa’s current minimum wage is R25.42 and R33.10 for the Retail sector (comparable jobs to WSA). ... If the lowest-paid Woolworths worker takes home a minimum of R41.25 an hour and works ...
Sep 30, 2021 · Woolworths wants to "invest" an additional R120 million to hike its base pay to store workers from R33.40 an hour to R41.25 by 2023. Currently, the minimum wage in South Africa is R21.69 per hour, and the minimum wage in the retail sector is R28.25. Woolworths has previously received harsh criticism for its remuneration of executives.
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Sep 11, 2024 · Shoprite is the second worst offender, with its CEO Pieter Engelbrecht earning R64.6 million, while the internal minimum wage is R65,263. This creates a vertical pay gap of 991. Mr Price CEO Mark ...
