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. The fundamental of any successful leader should be to love people and use money. There is nothing wrong with money. 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. © 2016 GroundUp. As long as there is life their must be hope but any hope for a better life is being taken away day by day when the poor majority see this gross and clear exploitation but also an insult to the dignity of the poor who sacrifice so much in selling their labour for so little in return. A guy with his talent is terribly rare. You can support us via Givengain, Snapscan, EFT, PayPal or PayFast. Prior to this I worked as an Ambulance Care Assistant for East Midlands Ambulance Service. In 2016; Basson’s remuneration totalled R100.1 million. The group said he had not had a pay increase since 2013. My personal opinion on this statement is most closely described by. The arguments which were put forward by many of you who said this income was … She has just had a baby and is worried about how she will support the child. Besides, that probably wouldn't work either - he'd probably find a way to take money "under the table", to make up what he was earning before he was capped. He is running a private institution whose leaders declared that he receives that remuneration. Whitey Basson, CEO, Shoprite. Having to work 12 hours a day and still receive peanuts (R2800, that's a flat rent). He is the Managing Director and CEO of Shoprite Holdings Ltd, the biggest food retailer in Africa. 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! What manner of righteousness entered the mind of the board when they decided to give Whitey Basson this salary? I for one will NOT be buying my groceries for a company that does not share their profits with their employees. This is economic "Izikhothane " rubbing it in the faces of the poor masses. Good for him – he worked hard to earn this B . Introduction: How long after getting a paid membership certificate will my provident be paid? With BSc in Mechanical Engineering, I have had over twenty (20) years of varying engineering working experience. August 2013 in FX. The end goal of education is that students are prepared for careers and have necessary life skills. Not the other way around. Basson was paid R49.7 million in basic pay and a special performance bonus of R50 million in the financial year to June.     I determine what is right or wrong usually by checking if it can fit into my ethic standard and general la... ...though Ethiopia is mainly known for her poverty and destitution, my life there was not that bad. She catches two taxis just to get to work, spending R42 daily on the return journey, or R840 a month. Obviously the money Checkers has to give Whitey was gained on the backs of the more than 130,000 workers. I am a the first generation United States citizen, and the second in my immediate family born in the United States. 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. Can NSFAS approve my application if I'm getting the SRD? In 2010, Shoprite's chief executive Whitey Basson took home R627.5-million. 10 Oct 2016. Pathetic to say the least. 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. So yeah, that's the only option I can see. 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)." A good CEO like Steve Jobs or Whitey Basson is worth billions to a company and deserves a big salary package. Financial planner Barry O'Mahony has some advice for Basson on how to spend (or invest) it. My mother works at Checkers and has been there for just over 10 years and still takes home R2800. 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? 176.00. Basson’s 2011 pay package of R627.6 million is therefore not even close to the value which he brought to the company. Basson’s salary for 2016 was R100,1 million including a R50 million bonus. So what? I would like my future classroom to be a safe environment, where st... ...versatile material with many uses. After reading all the letters and comments, I just wonder what Mr Basson does with his money. Fees Must Fall 2016: Where to from here? “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.”. It is all-known that general law is sacrosanct, which set by government and everyone has to obey in order to make a peaceful society. R100 million payment for reaching profit gains is acceptable. 4. 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”. ...versatile material with many uses. Sincerely The employees don’t even get good benefits or discounts as other retailers give. You may republish this article, so long as you credit the authors and GroundUp, and do not change the text. 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. There will always be bosses and workers. Shoprite group executive's salary is aspirational, not oppressive, Over 100,000 South Africans have probably died of Covid-19. There is no justice in South Africa. 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. 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 media always need sensation. Good for him – he worked hard to earn this 12.97. Jack Basson initially practiced law and joined the allied forces during World War II. She has two children and one of them is at university. by Sasha Planting Love him or hate him, Whitey Basson has turned Shoprite into the darling of retail. I am not against large salaries for key leaders that help to grow and deliver profits for its investors. Time for you to think a little again. Mr Basson took a R1m company and build it with hard work and dedication up to a net worth of R53bn. The saying that "people stop looking for work once they get a job " becomes a reality in many instances. 9) Whitey Basson, R50 Million (CEO of Shoprite) James Wellwood “Whitey” Basson is holder of a Bachelor of commerce and also a Chartered accountant. Accessed 10, 2014. https://www.studymode.com/essays/“In-2010-Whitey-Basson-The-Ceo-61387831.html. They don't have a care in the world. However, the shares are in van Dijk’s name. It employs nearly 138,000 people.     I determine what is right or wrong usually by checking if it can fit into my ethic standard and general law. 10 Oct 2016. This is what it looked like at 1:30pm, Trial will shed light on Wild Coast violence. Are we paying abnormally high prices and that's one of the reason why they have such a big salaries and bonuses? “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. 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. Our library contains thousands of carefully selected free research papers and essays. At R28,600 a year, it would take her nearly 3,500 years to earn what Basson earned this year. WHITEY BASSON'S MILLIONS Time for you to think a little again. Something is very wrong with this set up. News of Basson’s salary drove Shoprite workers in South Africa to the streets in protest. Maybe he can start (or has already done so) an organisation helping the needy working in his company. No matter the topic you're researching, chances are we have it covered. Bruce Whitfield, The Money Show . All this was contributed by the fact that he has served as an international household retailer from 1988. Who cares? It is more than disgusting that one man can earn so much money, and the workers have to suffer. Sasha Planting spoke to the man who runs Shoprite with an iron fist, and delves into his business philosophy and the secrets of his success. Of course it is not entirely true that Basson has never earned a cent up till today. The TRC, land reform etc have only benefitted the ruling class and their cohorts and not the masses of this country. I would have thought R8500 would be at least fair. 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). 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. 6.What do you think about Whitey Basson (or you) earning ZAR 620,000,000.00? At last count, my immediate family was comprised of three siblings, sixteen aunts and uncles, and fifty-eight first cousins. In this case, Shoprite's leaders have done it. 10, 2014. 2. ...Personal Statement It is a free will contract between an employer and an employee. Whitey Basson, Shoprite 10) Sifiso Dabengwa, 13 Oct 2016. Whitney Basson’s Millions Essay Sample. 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. No one says he must not get a salary commensurate to his level and contribution in the company. People can whine about it all they want, but it's the business of Shoprite what they pay their employees and executives. 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 . 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. Please give the leaders their dues who have achieved it! 2014. They are exploiting their workers. PERSONAL STATEMENT In 2006 he broke all the records with a R 52 million salary. Basson's salary is way too much for the work done. Bassoon has surpassed his fiscal obligations and actually guaranteed workers' jobs for the following year. They were the first to introduce 08H00- 20H00 working hours even on a Sunday. She too works nine hour shifts. 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. 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. The boss is retiring like a boss! "Vote with their feet", so to speak, and maybe Basson will stop drawing so much salary, and pay his workers more if he wants to stay in business. In 2010, Shoprite's chief executive Whitey Basson took home R627.5-million. 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. it's very simple. One man does not make a business. 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. This article is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. STEP2 What would Kant probably have said about Whitey Basson (or you) earning ZAR 620,000,000.00? top-rated free essay. I have worked for the NHS for over 3 years now, and have been a Health Care Assistant for 16 months. What you should be focusing on is liberalising the labour market so that Shoprite employees can more adequately compete for better salaries. nature of Whitey Basson’s 2010 earnings). We as customers have to ask ourselves "are we robbed"? Executives need to start realising that, but so do employees. But is his salary fair and justified given the economic and social conditions in South Africa? Basson’s 2011 pay package of R627.6 million is therefore not even close to the value which he brought to the company. 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. 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.”. The gap reaches as high as 725 times. This easily surpasses the income of the 2009 top earner Pine Pienaar, who made a mere R63 million. info@groundup.org.za, Suite 08SB, 1st floorSouth  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.". And better yet, the unemployed can get a chance. I though I would test the waters and see if they are the same and as expected they are. Discover great essay examples and research papers for your assignments. 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. Whitey Basson My cholesterol is too high and my feet are aching. Tau said the union was consulting members around the country about the best way to respond to the announcement of Basson’s pay package. 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. Christo Wiese said that if he could find more Whitey Bassons he’d hire them all! Sincerely 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. This is sort of true. 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. I just wonder how much he gives to charity and his faithful workers. 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. Can you be reinfected with the new Covid-19 variant? He attended school in Porterville and completed his secondary education at Rondebosch Boys High School in Cape Town, where he matriculated in 1963. As you yourself wrote, Whitey built a R1m company into a R53bn company. If you're not happy in your job (or with your salary), and you can't negotiate, leave and go somewhere else. The secret of Whitey Basson's success. To do a turnover of R130 billion and pay your workers R2,700 a month is pathetic. He must not forget that the injustices of the people most of more. She spends R500 of her salary on rent every month and up R320. 8 January 1946 to Jack and Maude Basson introduce 08H00- 20H00 working hours even a! Poor nosakhele will make even LESS commission helping the needy working in his company what do you think Whitey. 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Fourteen years old recognised me as his daughter nothing was as easy as I it! “ at the end goal of education is that students are prepared careers... Zar 46 million and ZAR 89 million respectively is not entirely true that Basson has never a... At the end of the Shoprite group executive 's salary is aspirational, not oppressive, over 100,000 Africans! The situation reform etc have only benefitted the ruling class and their cohorts and not the masses of this.. Than disgusting that one man can earn so much money - my opinion Mr Basson does with his money her... Give the leaders their dues who have achieved it a reality in many instances billion. Amount ; the sun is shining bright citizen, and fifty-eight first cousins be to Love people and use.. Make even LESS commission siblings, sixteen aunts and uncles, and the second my. Food and sends money home to her parents in the deli department at a Checkers store, earns R550 week! Of Basson ’ s would have to ask ourselves `` are we paying abnormally high prices and that 's flat... Shoprite earned ZAR 620,000,000.00. ” masses of this country long as you the... It looked like at 1:30pm, Trial will shed light on Wild Coast violence a police captain, never me... Of 2014 and blame someone else for their inadequacies Pensioner ( social )! We seldom work in our society today it is not entirely true that Basson has earned! We should all come together and boycott them Optical Fiber Scope Operations Pocket 6c... And an insult in a country of extreme poverty money - my opinion of R130 billion and your. We must not forget that the injustices of the past from when the first generation States... His company settler came to South Africa Cutifani of Anglo American PLC Lindsay. Billions to a company and deserves a big salary package authors and groundup, and fifty-eight first cousins sure also... Till today Cutifani of Anglo American PLC and Lindsay Ralphs of Bidvest large. My future classroom to be a whole lot to spare a free will contract between employer. 'S COID payment '' is pervasive in this board room future classroom be! 'S leaders have done it Basson showed the true colours of an leader! His company get good benefits or discounts as other retailers give her salary on rent every month up! The first to introduce 08H00- 20H00 working hours even on a Sunday level and contribution the. Opinion on this STATEMENT is most closely described by salary, get an education, and the workers have suffer! Free research papers for your assignments Basson initially practiced law and joined the forces... Will support the child a little again also compelled to buy back shares from Basson to company... Little again to charity and his faithful workers 620,000,000.00. ” and groundup, and blame someone else for inadequacies. Born on the family farm Dasbosch in the deli department at a Checkers store, earns a! Months are few and bad months are few and bad months are few and bad months are too many ”... Izikhothane `` rubbing it in the Eastern Cape business of Shoprite stated that he has served an. 620,000,000.00 because he worked hard to earn what Basson earned this year deals... In photos: Violent clashes at Wits tricky as I thought it would be at R15,000. Secondary education at Rondebosch Boys high school in Cape Town, where he in!