Nicholas Woode-Smith His salary and benefits constituted only R33.1-million of that amount; the almost R600-million … (2014, 10). Whitey Basson isn't holding a gun to anyone's head. Bruce Whitfield, The Money Show . Fees Must Fall 2016: Where to from here? Mark Cutifani of Anglo American PLC and Lindsay Ralphs of Bidvest received large LTIs of ZAR 46 million and ZAR 89 million respectively. 176.00. Sincerely nature of Whitey Basson’s 2010 earnings). Phumla (not her real name), who works in the deli department at a Checkers store, earns R550 a week. Not a grievance thing or a strike thing! 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. The boss is retiring like a boss! In photos: Violent clashes at Wits. Basson was paid R49.7 million in basic pay and a special performance bonus of R50 million in the financial year to June. This is tricky as I have read up on Whitey Basson and how he acquired the annual earnings. Cape Town 7700, Massive CCMA budget cut will hurt workers, say unions, Labour department acts against Queenstown factory where worker’s hand was severed, Covid-19: Long tightly packed queues outside labour department, Creative Commons Attribution-NoDerivatives 4.0 International License, Write a letter in response to this article, Fair wage for a fair days work, Checkers just lost a customer, Love People and Use Money! This article is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. 12.97. 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. Basson was paid R49.7 million in basic pay and a special performance bonus of R50 million in the financial year to June. At R28,600 a year, it would take her nearly 3,500 years to earn what Basson earned this year. 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. The boss is retiring like a boss! 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? 6.What do you think about Whitey Basson (or you) earning ZAR 620,000,000.00? (You might want to do a bit of research into the nature of Whitey Basson's 2010 earnings). It gives one options to do things and opportunities to help others. I am sure he also has expenses and can afford the best, but then there must be a whole lot to spare. They are exploiting their workers. ds213 oscilloscope manual, Black Pocket Sized Digital Oscilloscope Metal Handheld Scope Ds213 Ds 213 Nano A. Please help fund our defence. StudyMode - Premium and Free Essays, Term Papers & Book Notes. 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. If you've ever been to a Checkers deli section, you'll find that the people behind the counter would usually rather sit and chit chat about whatever the latest gossip is, instead of helping the clients, yet they are the first people to complain about small salaries. Shoprite was also compelled to buy back shares from Basson to the value of R1.8 billion. "“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. R100 million payment for reaching profit gains is acceptable. Whitey Basson was born on the family farm Dasbosch in the Porterville district on 8 January 1946 to Jack and Maude Basson. With the rest she buys food and sends money home to her parents in the Eastern Cape. Time for you to think a little again. Bassoon has surpassed his fiscal obligations and actually guaranteed workers' jobs for the following year. Indore’s heat, a scorching 47 degree Celsius welcomes me, as if to make up f... ...I am ready to start a new chapter in my life and to take the next step to becoming a Registered Nurse. 21 Belmont RoadRondebosch “Good months are few and bad months are too many,” she says. Good for him – he worked hard to earn this In 2010, Shoprite's chief executive Whitey Basson took home R627.5-million. info@groundup.org.za, Suite 08SB, 1st floorSouth  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)." Nosakhele would have to work for more than 250 years to make as much as Basson did in a month. Sincerely Nosakhele (not her real name) works for House & Home, also part of the Shoprite group. 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. There is nothing wrong with money. A good CEO like Steve Jobs or Whitey Basson is worth billions to a company and deserves a big salary package. See copyright notice on articles for terms. Good for him – he worked hard to earn this B . Please include a link back to the original article. Businesses need visionary leaders with courage and perseverance to build a sustainable future for all stakeholders. 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. 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. Paper, and the pulp papermaking process, was said to be d... ...In my family, we have celebrated more baby showers than we have high school graduation parties. 4. As you yourself wrote, Whitey built a R1m company into a R53bn company. 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. He is the Managing Director and CEO of Shoprite Holdings Ltd, the biggest food retailer in Africa. Pathetic to say the least. “If I could find another Whitey Basson, I would happily pay him a billion. Shoprite reported turnover of more than R130 billion for the year to June 2016. Whitey Basson, Shoprite Mr Basson took a R1m company and build it with hard work and dedication up to a net worth of R53bn. ...versatile material with many uses. You may republish this article, so long as you credit the authors and GroundUp, and do not change the text. SASSA’s Uitenhage office only serves 50 people a day. How long after getting a paid membership certificate will my provident be paid? They'll just sit and bitch about it, and blame someone else for their inadequacies. donnerdeal, Donnerdeal Mooer clones. 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. People can whine about it all they want, but it's the business of Shoprite what they pay their employees and executives. 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