Poging GOUD - Vrij
Payday for Shoprite CEO
The Citizen
|October 16, 2025
GAP: TOTAL PACKAGE OF R87M, WHILE AVERAGE IS ABOUT R170 000/YEAR >>> A portion of salary only to be paid out at a later date.
The pay gap between ordinary employees and executives at most companies is mind-blowing and this is no different at South Africa's largest grocery retailer, Shoprite.
Shoprite released its 2025 suite of annual reports on Monday, which includes the remuneration report for the period.
The report revealed that Shoprite Holdings CEO Pieter Engelbrecht received a 6% salary increase, while general staff received an increase of 8% and management received 5.5%.
While the CEO receives benefits such as a car allowance, employees are given discounts on Shoprite retail products.
Engelbrecht was appointed CEO of Shoprite Holdings in 2017 and under his leadership the group has grown significantly.
For the financial year 2025, he received a pay package of R87 million. However, a portion of this money will only be paid out at a later stage.
Dit verhaal komt uit de October 16, 2025-editie van The Citizen.
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