South African mining CEO pay increased 12-fold during the decade to 2012 at the same time as dividends fell by 25%. South African fund managers are taking mining companies to task for excessive pay and underperformance. The figures above are attributed to Michael Schroder, a fund manager at Old Mutual Plc.
I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...
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