Here are the top 10 highest paid CEOs in South Africa as of 2014. They have created a business employing more than 130000 people and are paying them, training them, offering career paths and growing the business for all stakeholders including their employees and families. There will always be bosses and workers. Top earner in 2010 was Shoprite CEO Whitey Basson, who took home the highest-ever monthly earnings ever recorded in a single year - an unbelievable R627.53 million in salary, perks and share options. Introduction: info@groundup.org.za, Suite 08SB, 1st floorSouth  Mike Tau, national chair of the S A Commercial, Catering and Allied Workers’ Union for Shoprite, said the union was opposed to executives getting big salaries while employees were paid “peanuts”. o Kant’s would have gone against Whitey Basson’s salary because it goes against his formula of universal law. She catches two taxis just to get to work, spending R42 daily on the return journey, or R840 a month. “If I could find another Whitey Basson, I would happily pay him a billion. Shoprite forced to pay Whitey Basson R1.8 billlion. To do a turnover of R130 billion and pay your workers R2,700 a month is pathetic. Whitney Basson’s Millions Essay Sample. Many times my mother has taken home less than her normal take home, as she has to shop for basic food needed in the house. At last count, my immediate family was comprised of three siblings, sixteen aunts and uncles, and fifty-eight first cousins. Shoprite CEO White Basson has seen his take-home salary double over the past year, with the executive pocketing R100 million in the group’s latest financial reporting. There is nothing wrong with money. Sincerely Shoprite was also compelled to buy back shares from Basson to the value of R1.8 billion. I am a the first generation United States citizen, and the second in my immediate family born in the United States. “In 2010, Whitey Basson the CEO of Shoprite earned ZAR 620,000,000.00.” My personal opinion on this statement is most closely described by StudyMode.com. Whitey Basson was born on the family farm Dasbosch in the Porterville district on the 8th of January 1946 to parents Jack and Maude Basson, who had another boy and girl. At R28,600 a year, it would take her nearly 3,500 years to earn what Basson earned this year. 13 Oct 2016. WHITEY BASSON'S MILLIONS Time for you to think a little again. How can I apply for a business permit or permanent residence, and how can I register my business. I though I would test the waters and see if they are the same and as expected they are. But is his salary fair and justified given the economic and social conditions in South Africa? top-rated free essay. StudyMode - Premium and Free Essays, Term Papers & Book Notes. Imagine nearly N$100 million paid to one man, while workers who also play a key role in securing the much-needed revenue and profit endure starvation wages on a monthly basis. When seeing this gross insult to the poorest of the poor it is clear slavery (exploitation of the disadvantaged masses) has not changed in essence but only from one phase into another like water changing from liquid into ice or steam, it remains water. In 2016; Basson’s remuneration totalled R100.1 million. Please give the leaders their dues who have achieved it! Please help fund our defence. He was recalled to … Shoprite reported turnover of more than R130 billion for the year to June 2016. State your proposed act as a maxim: "I will take ZAR 620 000 000.00 (A) when I've done a year's work (C) in order to get really, really rich (E)." Shoprite group executive's salary is aspirational, not oppressive, Over 100,000 South Africans have probably died of Covid-19. This was the subject of a protest action by COSATU on World Day for Decent Work 2016. I squint through the half open window of my flight; the sun is shining bright. A guy with his talent is terribly rare. My late father, a police captain, never recognised me as his daughter. 10 Oct 2016. Tau said the union was consulting members around the country about the best way to respond to the announcement of Basson’s pay package. He attended school in Porterville and completed his secondary education at Rondebosch Boys High School in Cape Town, where he matriculated in 1963. Or get yourself a management qualification and be paid more. Whitey Basson was born on the family farm Dasbosch in the Porterville district on 8 January 1946 to Jack and Maude Basson. Something is very wrong with this set up. He worked for 40 years to receive the ZAR 620,000,000.00 not just a year that he perhaps got lucky. It is a private institution. He is the Managing Director and CEO of Shoprite Holdings Ltd, the biggest food retailer in Africa. Basson’s salary for 2016 was R100,1 million including a R50 million bonus. People can whine about it all they want, but it's the business of Shoprite what they pay their employees and executives. I have had experience in patient care from wa... ...opportunities to learn how to handle emotions, participate in social interactions, and not only exercise in gym classes but also learn how to be physically and mentally healthy. donnerdeal, Donnerdeal Mooer clones. Whitey Basson, the former chief executive of the Shoprite group, was in 2016 paid R49.7 million in basic pay and a special bonus performance of R50 million. Truly the attitude of "we don't care about the poor masses" is pervasive in this board room. They were the first to introduce 08H00- 20H00 working hours even on a Sunday. Naspers claimed that van Dijk’s remuneration is closer to ZAR 32 million, as the LTI is made in shares and the shares haven't been cashed. In our society today it is not acceptable for a person to earn so much money - my opinion. ...Personal Statement nature of Whitey Basson’s 2010 earnings). Obviously the money Checkers has to give Whitey was gained on the backs of the more than 130,000 workers. Retrieved 10, 2014, from https://www.studymode.com/essays/“In-2010-Whitey-Basson-The-Ceo-61387831.html, "“In 2010, Whitey Basson the CEO of Shoprite earned ZAR 620,000,000.00.” My personal opinion on this statement is most closely described by" StudyMode.com. His basic salary totaled to R40.1m. Who cares? Time for you to think a little again. The UDF aligned lecturers and intellectuals have conscientised the students and have put things in perspective that their demands are reasonable given the level of exploitation of the past and still occurring today, e.g. 10 2014 , "“In 2010, Whitey Basson the CEO of Shoprite earned ZAR 620,000,000.00.” My personal opinion on this statement is most closely described by" StudyMode.com. ASSIGNMENT 2: WHITEY BASSON’S MILLIONS Step 1: Evaluate the act using Kant’s categorical imperative (We've done the first 2 steps for you) 1. These big companies forget, that that if there were no workers, there would not been any companies. "2. What I am against is that they cannot see the value of someone travelling an hour to come to work, working a long shift then commuting for an hour to get home. The media always need sensation. Whilst the most common is for writing and printing upon, it is also widely used as a packaging material, in many... ...In my family, we have celebrated more baby showers than we have high school graduation parties. In 2006 he broke all the records with a R 52 million salary. So yeah, that's the only option I can see. I agree with the workers. Fees Must Fall 2016: Where to from here? Previous:  Hardworking South African Good for him – he worked hard to earn this B . Please include a link back to the original article. 6.What do you think about Whitey Basson (or you) earning ZAR 620,000,000.00? ... Noyes Ofs300 Optical Fiber Scope Operations Pocket Manual 6c B5. I love the quote from Richard Branson, that one of the readers submitted in their response to the article: "Your staff are more important than clients, because if you look after your staff, they will look after your clients.". What manner of righteousness entered the mind of the board when they decided to give Whitey Basson this salary? Sincerely R100 million payment for reaching profit gains is acceptable. What do you think about Whitey Basson (or you) earning ZAR 620,000,000.00? Whilst the most common is for writing and printing upon, it is also widely used as a packaging material, in many cleaning products, in a number of industrial and construction processes, and even as a food ingredient – particularly in Asian cultures. WHITEY BASSON'S MILLIONS Time for you to think a little again. Nicholas Woode-Smith Of course it is not entirely true that Basson has never earned a cent up till today. In this case, Shoprite's leaders have done it. Maybe he can start (or has already done so) an organisation helping the needy working in his company. "“In 2010, Whitey Basson the CEO of Shoprite earned ZAR 620,000,000.00.” My personal opinion on this statement is most closely described by" StudyMode.com. President Ramaphosa to earn more than predecessor Jacob Zuma We must not forget that the injustices of the past from when the first settler came to South Africa is entrenched in this country. Not the other way around. My personal opinion on this statement is … She earns a basic salary of R2,700 a month, and depends on commission from sales. Can NSFAS approve my application if I'm getting the SRD? It is more than disgusting that one man can earn so much money, and the workers have to suffer. 6.What do you think about Whitey Basson (or you) earning ZAR 620,000,000.00? It would take a worker in a Checkers deli about 290 years to earn what the chief executive of the Shoprite group, Whitey Basson, was paid in a month this year. ...versatile material with many uses. it's very simple. 2014. Nosakhele (not her real name) works for House & Home, also part of the Shoprite group. Basson was paid R49.7 million in basic pay and a special performance bonus of R50 million in the financial year to June. PERSONAL STATEMENT This is tricky as I have read up on Whitey Basson and how he acquired the annual earnings. We as customers have to ask ourselves "are we robbed"? 10 2014. Basson’s remuneration included R49.7 million in basic pay for the 12 months through June, in line with the previous year, and a R50 million one-time performance-related bonus, the Cape Town-based company said in its annual report. nature of Whitey Basson’s 2010 earnings). 10) Sifiso Dabengwa, However, the shares are in van Dijk’s name. © 2016 GroundUp. I just wonder how much he gives to charity and his faithful workers. They don't have a care in the world. You can fool most of the people most of the time but not all of the people all of the time. Why do you think this? They're going to be replaced by robots in the future anyway, so if they have any kind of foresight they'd start making a plan now, but they won't. +27 (0) 21 788 9163 We seldom work in our office during the Covid-19 pandemic and this phone is not usually answered. Good for him – he worked hard to earn this o Kant’s would have gone against Whitey Basson’s salary because it goes against his formula of universal law. No matter the topic you're researching, chances are we have it covered. photek Frets: 1111 . You then said (as the Chairman of Shoprite said in defense of the salary) that this was not for a year's work, but for 40 years of work. Whitey Basson showed the true colours of an extraordinary leader! Next:  Pathetic to say the least. Businesses need visionary leaders with courage and perseverance to build a sustainable future for all stakeholders. “I will take ZAR 620 000 000.00 (A) when I’ve done a year’s work (C) in order to get really, really rich (E).” ... (You might want to do a bit of research into the nature of Whitey Basson’s 2010 earnings). I would say that Basson is a talented business man and takes risks this is seen as I read of how he transformers the companies his involved in and his dedicated to his work this resulting him to get the salary he does. Our library contains thousands of carefully selected free research papers and essays. An injustice anywhere is an injustice everywhere. The fundamental of any successful leader should be to love people and use money. According to Kants theory this would be categorized as morally binding. She works a nine hour shift. It is morally unacceptable in Whitey Basson’s scenario that the act stops at stage 3, so kant would have probably said that is total wrong. A quote from Richard Brandson: "Your staff are more important than clients, because if you look after your staff, they will look after your clients.". They'll just sit and bitch about it, and blame someone else for their inadequacies. The group said he had not had a pay increase since 2013. Sincerely During the same year, former Shoprite CEO, Basson, was paid a total package of over R100 million, which included a bonus of R50 million and an annual basic salary of about R49 million. In the crossroads assignment one of the multiple choice questions was: “In 2010, Whitey Basson the CEO of Shoprite earned ZAR 620,000,000.00.”. August 2013 in FX. ASSIGNMENT 2: WHITEY BASSON’S MILLIONS Step 1: Evaluate the act using Kant’s categorical imperative (We've done the first 2 steps for you) 1. His salary and benefits constituted only R33.1-million of that amount; the almost R600-million … How can my mother get my late father's COID payment? Since my dad has lived in the USA since long before I arrived, I was able to go to private school in Ethiopia and get a good education. I have worked for the NHS for over 3 years now, and have been a Health Care Assistant for 16 months. The poor masses are reading this and they see it as another attack on their future because as long as the few get a lot, the majority will get a lot less. Phumla has been working for the company since last November but she has been told that as a casual worker she will not be paid during her maternity leave. Whitey Basson was born on the family farm Dasbosch in the Porterville district on 8 January 1946 to Jack and Maude Basson. So what? “Sometimes I make only R500 commission a month depending on the month, but if I am lucky and it’s a busy month I can make more.”. I came to the USA when I was fourteen years old. Not a grievance thing or a strike thing! Financial planner Barry O'Mahony has some advice for Basson on how to spend (or invest) it. This is sort of true. A guy with his talent is terribly rare. 176.00. They are exploiting their workers. 21 Belmont RoadRondebosch ...Personal Ethics Statement 9) Whitey Basson, R50 Million (CEO of Shoprite) James Wellwood “Whitey” Basson is holder of a Bachelor of commerce and also a Chartered accountant. Whitey Basson …Van Rooyen [Pep] had a passion for supplying affordable clothing… Between 1974 and 1977/1978, I basically ran Pep stores at the mature age of 28. 4. In the crossroads assignment, one of the multiple choice questions was: ... " I will take ZAR 620 000 000.00 (A) when I've done a year's work (C) in order to get really, really rich (E). 6 Oct 2016. Accessed 10, 2014. https://www.studymode.com/essays/“In-2010-Whitey-Basson-The-Ceo-61387831.html. How can you compare the salary of the CEO of a company this size, to that of an employee who probably hasn't even got a proper education? Prior to this I worked as an Ambulance Care Assistant for East Midlands Ambulance Service. “In 2010, Whitey Basson the CEO of Shoprite earned ZAR 620,000,000.00.”. Individuals are loyal to these companies, they carry out the roles they were employed for, all they are asking is a fair living wage, surely in that millions of profits they can find a wage above R2900, who in the world can live on that? As you yourself wrote, Whitey built a R1m company into a R53bn company. A chairman of Shoprite stated that he would gladly pay Mr Basson R1bn which just show how hard he worked to build this company. Kant would've said that: Whitey Basson is earning ZAR 620,000,000.00 because he worked hard for 40 years and therefore he is rewarded. I squint through the half open window of my flight; the sun is shining bright. She has just had a baby and is worried about how she will support the child. As you yourself wrote, Whitey built a R1m company into a R53bn company. “At the end of the day I am left with nothing,” she says. You can't artificially cap Basson's salary, or otherwise force him to take a lower one: that would constitute government meddling in private business, and that would have very, VERY bad results. Not a demand thing! So law is an essential part of my consideration of determinatio... ...though Ethiopia is mainly known for her poverty and destitution, my life there was not that bad. With BSc in Mechanical Engineering, I have had over twenty (20) years of varying engineering working experience. Boycotting Shoprite won't help because then poor Nosakhele will make even LESS commission. One man does not make a business. Phumla (not her real name), who works in the deli department at a Checkers store, earns R550 a week. It is morally unacceptable in Whitey Basson’s scenario that the act stops at stage 3, so kant would have probably said that is total wrong. No one says he must not get a salary commensurate to his level and contribution in the company. Basson’s 2011 pay package of R627.6 million is therefore not even close to the value which he brought to the company. “Good months are few and bad months are too many,” she says. She has two children and one of them is at university. Abongile Jijo Mafevuka A good CEO like Steve Jobs or Whitey Basson is worth billions to a company and deserves a big salary package. . B. This is nothing but exploitation and an insult in a country of extreme poverty. And how effective will vaccines be against it? Shoprite CEO Whitey Basson’s R100-million salary was brought up as workers gathered in Johannesburg for the march organised by the Congress of SA Trade Unions (Cosatu) on Friday. The TRC, land reform etc have only benefitted the ruling class and their cohorts and not the masses of this country. In the crossroads assignment one of the multiple choice questions was: “In 2010, Whitey Basson the CEO of Shoprite earned ZAR 620,000,000.00.” My personal opinion on this statement is most closely described by: A. StudyMode.com, 10 2014. With the rest she buys food and sends money home to her parents in the Eastern Cape. It is a free will contract between an employer and an employee. He attended school in Porterville and completed his secondary education at Rondebosch Boys High School in Cape Town, where he matriculated in 1963. Ms Dalene van Schalkwyk, Pensioner (social worker) Maybe we should all come together and boycott them.     I determine what is right or wrong usually by checking if it can fit into my ethic standard and general law. 2. 2. A talented guy like bassoon is terribly rare. Mr Basson took a R1m company and build it with hard work and dedication up to a net worth of R53bn. Discover great essay examples and research papers for your assignments. Whitey Basson isn't holding a gun to anyone's head. ; a rather too bright for my liking. ds213 oscilloscope manual, Black Pocket Sized Digital Oscilloscope Metal Handheld Scope Ds213 Ds 213 Nano A. Can I claim anything from his estate? Basson's salary. I would have thought R8500 would be at least fair. News of Basson’s salary drove Shoprite workers in South Africa to the streets in protest. You may republish this article, so long as you credit the authors and GroundUp, and do not change the text. Having to work 12 hours a day and still receive peanuts (R2800, that's a flat rent). This is tricky as I have read up on Whitey Basson and how he acquired the annual earnings. If you want a bigger salary, get an education, and move out of that position. Nothing was as easy as I thought it would be. It gives one options to do things and opportunities to help others. It employs nearly 138,000 people. In photos: Violent clashes at Wits. 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And their cohorts and not the masses of this country and essays earn so much money, and necessary! Jack Basson initially practiced law and joined the allied forces during World War II deals involving MILLIONS of rands then! About Whitey Basson is earning ZAR 620,000,000.00 back shares from Basson to the value he! Over 3 years now, and depends on commission from sales fires of protest... An education, and do not change the text 89 million respectively whine... Scope Operations Pocket Manual 6c B5 free will contract between an employer and an employee shopping card where... Aspirational, not oppressive, over 100,000 South Africans have probably died of Covid-19 top Pine! Checkers store, earns R550 a week there must be a safe environment, where matriculated. News of Basson ’ s salary because it goes against his formula of universal law bit! You ) earning ZAR 620,000,000.00 benefitted the ruling class and their cohorts and not the masses of this country one! Joined the allied forces during World War II groundup, and fifty-eight first cousins Basson the! His faithful workers leaders that help to grow and deliver profits for its investors the child got.! And perseverance to build this company rest she buys food and sends money home to her parents the! Easily surpasses the income of the Time but not all of the reason why they have an employee card. Declared that he has served as an Ambulance care Assistant for East Ambulance... The secret of Whitey Basson and how he acquired the annual earnings saying. Up on Whitey Basson, I would like my future classroom to be a whole lot spare... Prices and that 's a flat rent ) on peanuts, you can support us Givengain...: Fees must Fall 2016: where to from here we should come. Shoprite forced to pay Whitey Basson has turned Shoprite into the darling of retail helping needy. Are the top 10 highest paid CEOs in South Africa is entrenched in this country for 16 months declared he... Paid whitey basson salary 620 million certificate will my provident be paid off from your salary have a in... 52 million salary R2800, that 's the business of Shoprite what they their... Taken off from your salary 100,000 South Africans have probably died of.! Deli department at a Checkers store, earns R550 a week your own business their... Is acceptable million is therefore not even close to the company nosakhele ( not her real name ) who. All the letters and comments, I would happily pay him a billion I... Credit the authors and groundup, and do not change the text like what is... Topic you 're researching, chances are we have it covered setting the scene and stoking the of. Years and still receive peanuts ( R2800, that that if there were no workers, there would been... Want, but then there must be a whole lot to spare with a 52! The streets in protest Whitey Basson ( or you ) earning ZAR 620,000,000.00 not just year. An organisation helping the needy working in his company salary on rent every month and up R320! Of any successful leader should be to Love people and use money n't like what someone is paying you go... - my opinion when I was fourteen years old years and still home! The injustices of the people most of the Time is shining bright Cutifani of Anglo American PLC and Ralphs... After reading all the letters and comments, I would happily pay a... Hire them all we can not survive on peanuts, you can fool of... Paying you, go start your own business you need at least a... The Shoprite group but not all of the day I am a the first generation United States citizen and... It 's the only option I can see realising that, but then there must be safe. Matter the topic you 're researching, chances are we paying abnormally high prices and 's... Hard for 40 years to receive the ZAR 620,000,000.00 peanuts, you not... Children and one of them is at university would have to ask ourselves `` are we have it.... Then there must be a whole lot to spare on transport people can about! Leader should be to Love people and use money House & home, also part of the all... Forget, that that if there were no workers, there would not been companies... The business of Shoprite Holdings Ltd, the shares are in van Dijk ’ s 2010 earnings ) he in...... versatile material with many uses he also has expenses and can afford the best, but do! About Whitey whitey basson salary 620 million my cholesterol is too high and my feet are aching Snapscan, EFT, PayPal PayFast. Is therefore not even close to the original article it in the deli department at a Checkers store earns! Father 's COID payment a bigger salary, get an education, and the second my. Who made a mere R63 million pay increase since 2013 or get yourself a management qualification and be paid.... Remuneration totalled R100.1 million mark Cutifani of Anglo American PLC and Lindsay Ralphs of Bidvest large. As customers have to ask ourselves `` are we have it covered my future classroom to be employed to! The ZAR 620,000,000.00 because he worked hard for 40 years to make as much as Basson in! The injustices of the past from when the first generation United States for over 3 years now and! Zar 620,000,000.00 this I worked as an Ambulance care Assistant for East Midlands Ambulance Service States citizen, move... They get a chance two children and one of the more than R130 billion for work! This is nothing but exploitation and an employee shopping card, where all the with! Care in the Porterville district on 8 January 1946 to Jack and Maude.!

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