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As Old Mutual becomes one of the first companies in South Africa to reveal the gap between its highest and lowest paid employees, the annual reports of the country’s listed life insurers show eye-watering executive pay packages.
In 2022, Discovery CEO Adrian Gore saw his total pay increase by more than R10 million to R28.3 million. However, the average salaries of Discovery employees increased by only 5.5%, as his base pay went up by 7.9%.
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