Forcing disclosure of wages and executive pay in South Africa is a good idea: here's why

By Imraan Valodia, Dean of the Faculty of Commerce, Law and Management, and Head of the Southern Centre for Inequality Studies, University of the Witwatersrand

Plans are afoot to make amendments to South Africa’s Companies Act that would require companies to report on wage differentials. This is the gap between executive pay and the lowest paid workers in the company. The announcement was made by South Africa’s Minister of Trade and Industry Ebrahim Patel.

This is a significant development. And in my view, long overdue.

The proposed change would go some way to address the challenge of inequality in South Africa…

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