Eswatini denounces pay gaps of up to 80 times
By the AFREEQUE newsroom, based on Times of Eswatini
Eswatini’s Minister of Commerce, Industry and Trade, Manqoba Khumalo, denounces pay gaps of up to 80 times between executives and the lowest-paid employees. He cites salaries of 280,000 emalangeni against 3,500, while expected economic growth reaches 5%, the Times of Eswatini reports.
Eswatini’s Minister of Commerce, Industry and Trade, Manqoba Khumalo, denounced pay gaps of up to 80 times between executives and the lowest-paid employees at some companies. He cited the case of a managing director earning 280,000 emalangeni, compared with 3,500 emalangeni for the lowest-paid employee, during a meeting with editors in Ezulwini, the Times of Eswatini reports.
The minister said the absence of formal salary scales allowed managements to set the gap between the highest and lowest salaries freely. The World Bank forecasts growth of about 5% for Eswatini’s economy, but more than half of the population still lives below the national poverty line, according to the newspaper.
