A F R I C A R E G I O N A L T R E N D S

H E A L T H W E A L T H C A R E E R A F R I C A R E G I O N A L T R E N D S Nicol Mullins Mercer

A F R I C A

A F R I C A I S V. U. C. A

C O M P E N S AT I O N T R E N D S I N A F R I C A

Q U E S T I O N 1 T O T H E A U D I E N C E Which country in Africa has the highest levels of compensation on Total Remuneration less LTI s on the Executive Career Stream in Africa? A. Angola B. Democratic Republic of Congo C. Kenya D. Mauritius E. Morocco F. Zimbabwe

I N F O R M AT I O N O N S L I D E S Compensation data - was converted using a 3 month average rate Jan Mar 2017 - reflects Total Remuneration less LTI s - is reflective of general market data - comparison is data is 2015 (left side of slide) and 2016 (right side) Data is represented by career stream (CS) - Executive (Exec) - Management (Mgt) - Professional (Prof) - Para-Professional (Para-Prof)

A N S W E R 1 T O T H E A U D I E N C E Which country has the highest pay for the Executive Career Stream in Africa? - Angola USD 208 477 - Kenya USD 160 585 - Morocco USD 155 477 - Lowest - Egypt USD 60 958 - Guinea Conakry USD 54 870 - Madagascar USD 53 412

E X E C U T I V E CAREER S T R E A M 2 0 1 5 V S. 2 0 1 6

E X E C U T I V E C A R E E R S T R E A M 2 0 1 5 V S. 2016 E X C L U D I N G A N G O L A & G A B O N

M A N A G E M E N T C A R E E R S T R E A M 2 0 1 5 V S. 2016

PA R A - P R O F E S S I O N A L C A R E E R S T R E A M 2 0 1 5 V S. 2 0 1 6

P R O F E S S I O N A L, M A N A G E M E N T A N D E X E C U T I V E C A R E E R S T R E A M

O I L C O U N T R I E S M A N A G E M E N T A N D E X E C U T I V E C A R E E R S T R E A M

I N F L AT I O N I N O U R W O R L D A N D O U R C O N T I N E N T

I N F L AT I O N G L O B A L LY

I N F L AT I O N G L O B A L LY E X C L U D I N G V E N E Z U E L A A N D S O U T H S U D A N

I N F L AT I O N O N O U R C O N T I N E N T

C U R R E N C Y V O L AT I L I T Y I N A F R I C A

Q U E S T I O N 2 T O T H E A U D I E N C E Is the room too cold? A. Yes B. No C. I am not sure - quite enjoying European like weather in Africa

I N F O R M AT I O N O N S L I D E S Exchange rate changes - Currencies were measured to USD and expressed as Local = 1 USD - Extract was done on 17 March 2017 - Measurement was done over a 6 year period 17 March 12 to 17 March 16 - Where reference is made to the market, countries and or employers this refers to practice(s) for only those organisations that participated in the survey. - Source - http://www.xe.com

H I G H E S T D E P R E C I AT I N G C U R R E N C I E S

CURRENCY DEPRECIATION E M P L O Y E R R E S P O N S E Annual Salary Increase Country 2015 2016 n Angola 64% 51% 39 Ghana 72% 81% 57 Kenya 86% 88% 42 Malawi 74% 86% 22 Mozambique 59% 78% 32 Nigeria 71% 76% 66 South Africa 89% 93% 55 Uganda 75% 82% 28 Source: Mercer 2015 & 2016 Currency Depreciation Spot Poll

CURRENCY DEPRECIATION E M P L O Y E R R E S P O N S E Annual Salary Increase Provided an additional increase Country 2015 2016 2015 2016 n Angola 64% 51% 10% 5% 39 Ghana 72% 81% 16% 7% 57 Kenya 86% 88% 10% 0% 42 Malawi 74% 86% 9% 5% 22 Mozambique 59% 78% 3% 6% 32 Nigeria 71% 76% 14% 3% 66 South Africa 89% 93% 7% 4% 55 Uganda 75% 82% 7% 0% 28 Source: Mercer 2015 & 2016 Currency Depreciation Spot Poll

CURRENCY DEPRECIATION E M P L O Y E R R E S P O N S E Annual Salary Increase Provided an additional increase Provided cash allowance compensation Country 2015 2016 2015 2016 2015 2016 n Angola 64% 51% 10% 5% 10% 8% 39 Ghana 72% 81% 16% 7% 5% 14% 57 Kenya 86% 88% 10% 0% 0% 7% 42 Malawi 74% 86% 9% 5% 9% 9% 22 Mozambique 59% 78% 3% 6% 0% 9% 32 Nigeria 71% 76% 14% 3% 2% 8% 66 South Africa 89% 93% 7% 4% 5% 5% 55 Uganda 75% 82% 7% 0% 4% 7% 28 Source: Mercer 2015 & 2016 Currency Depreciation Spot Poll

CURRENCY DEPRECIATION E M P L O Y E R R E S P O N S E Annual Salary Increase Provided an additional increase Provided cash allowance compensation Provided lump sum compensation Country 2015 2016 2015 2016 2015 2016 2015 2016 n Angola 64% 51% 10% 5% 10% 8% 5% 5% 39 Ghana 72% 81% 16% 7% 5% 14% 4% 0% 57 Kenya 86% 88% 10% 0% 0% 7% 0% 0% 42 Malawi 74% 86% 9% 5% 9% 9% 0% 0% 22 Mozambique 59% 78% 3% 6% 0% 9% 0% 0% 32 Nigeria 71% 76% 14% 3% 2% 8% 0% 2% 66 South Africa 89% 93% 7% 4% 5% 5% 0% 2% 55 Uganda 75% 82% 7% 0% 4% 7% 0% 0% 28 Source: Mercer 2015 & 2016 Currency Depreciation Spot Poll

CURRENCY DEPRECIATION E M P L O Y E R R E S P O N S E Annual Salary Increase Provided an additional increase Provided cash allowance compensation Provided lump sum compensation Other measures undertaken Country 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 n Angola 64% 51% 10% 5% 10% 8% 5% 5% 8% 13% 39 Ghana 72% 81% 16% 7% 5% 14% 4% 0% 18% 16% 57 Kenya 86% 88% 10% 0% 0% 7% 0% 0% 7% 19% 42 Malawi 74% 86% 9% 5% 9% 9% 0% 0% 9% 5% 22 Mozambique 59% 78% 3% 6% 0% 9% 0% 0% 9% 13% 32 Nigeria 71% 76% 14% 3% 2% 8% 0% 2% 14% 14% 66 South Africa 89% 93% 7% 4% 5% 5% 0% 2% 4% 7% 55 Uganda 75% 82% 7% 0% 4% 7% 0% 0% 7% 11% 28 Source: Mercer 2015 & 2016 Currency Depreciation Spot Poll

CURRENCY DEPRECIATION E M P L O Y E R R E S P O N S E Annual Salary Increase Provided an additional increase Provided cash allowance compensation Provided lump sum compensation Other measures undertaken No actions undertaken (salary freeze) Country 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 n Angola 64% 51% 10% 5% 10% 8% 5% 5% 8% 13% 21% 28% 39 Ghana 72% 81% 16% 7% 5% 14% 4% 0% 18% 16% 14% 11% 57 Kenya 86% 88% 10% 0% 0% 7% 0% 0% 7% 19% 7% 5% 42 Malawi 74% 86% 9% 5% 9% 9% 0% 0% 9% 5% 13% 14% 22 Mozambique 59% 78% 3% 6% 0% 9% 0% 0% 9% 13% 38% 16% 32 Nigeria 71% 76% 14% 3% 2% 8% 0% 2% 14% 14% 12% 15% 66 South Africa 89% 93% 7% 4% 5% 5% 0% 2% 4% 7% 5% 7% 55 Uganda 75% 82% 7% 0% 4% 7% 0% 0% 7% 11% 11% 7% 28 Source: Mercer 2015 & 2016 Currency Depreciation Spot Poll

A F R I C A I S V.U.C.A B U T T O U S A D I F F E R E N T K I N D O F V.U.C.A Volatile Unique Complex Ambiguous Versatile Unique Courageous Abundant