Shoprite CEO bags R87million payday as retail giant’s sales surge past R250billion
Shoprite CEO Pieter Engelbrecht is laughing all the way to the bank, having reportedly received a staggering R87 million
Image: Henk Kruger/Independent Newspapers
Shoprite CEO Pieter Engelbrecht is laughing all the way to the bank, having reportedly received a staggering R87 million in total pay for the 2025 financial year.
This comes after the retail giant reported over R250 billion in sales for the 2025 financial year, an increase of R20.6 billion from the previous year.
This figure was revealed in the retail giant’s latest remuneration report, showing Engelbrecht’s earnings, including salary, bonuses, and long-term share awards.
The report revealed that Engelbrecht received a base salary of R21 million following a 6% inflationary increase, short-term incentives of over R18 million, and long-term share awards valued at R30 million.
The report also revealed that general staff, such as cashiers and general assistants, earn significantly less, with average hourly wages around R32.43 for general assistants, about 12.6% above the national minimum wage.
"With effect from 1 March 2025, the National Minimum Wage for general assistants was lifted to R28.79 per hour. The Group ensured compliance with this regulated minimum rate for all new appointments," the report noted.
"All general staff in employment on 1 May 2025 received an annual increase resulting in the average rate for general assistants within the Group of R32.43 per hour, which is 12.6% above the national prescribed minimum wage".
The report added that Shoprite remains committed to maintaining fair and competitive wages for its frontline workers.
"Shoprite cashiers remain instrumental in driving consumer satisfaction. The Group maintained a higher rate of pay than the national prescribed minimum for all cashiers. At year's end, the average rate of cashiers was 9.4% above the cashier national minimum rate".
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