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Thursday 20 May 2021 - 9:00am
A new bill is in the works which will amend the Companies Act to deal with fat cat salaries at the top and force disclosure of high earners. For more, Sally Burdett speaks to Minister for Trade, Industry and Competition Ebrahim Patel. Courtesy #DStv403
JOHANNESBURG - Government is concerned about the disparity in pay between top executives and those at the bottom.
New legislation is in the works that require companies to disclose what executives earn.
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New legislation is in the works that require companies to disclose what executives earn.
The Bill will amend the Companies Act to address high-paying executives.
Trade and Industry Minister Ebrahim Patel revealed this in his budget vote speech in the National Assembly.
Patel says this seeks to deal with the gross injustice of excessive pay.
Trade and Industry Minister Ebrahim Patel says the outbreak of Covid-19 has allowed the country to ramp up the production of PPE in the fight against the virus.