Several Parliamentary Q&A sessions have revealed just how much public officials and Chief Executive Officers (CEOs) of some of South Africa’s top State-owned enterprises (SOEs) are earning annually.
According to BusinessTech, the yearly salary of some are up to R15.5 million a year, which equates to a eyebrow-raising R42 400 every day.
This yearly salary, earned by the CEO of the Development Bank of South Africa, also tops the list of highest salaries for public officials in SA.
How much do these CEOs earn?
Next on the list of highly-paid Chief Executive Officers is Transnet’s CEO, who earns R8.5 million a year.
The Passenger Rail Agency of South Africa (PRASA) pays its CEO R7.8 million per year, with the CEO of the Road Accident Fund (RAF) coming in next, earning R7.1 million annually.
Take a look at the top 10 SOEs as well as how much their CEOs are paid below:
| State-owned enterprise | CEO pay per year | CEO pay per month | CEO pay per day |
|---|---|---|---|
| Development Bank of South Africa | R15.5 million | R1.29 million | R42 465 |
| Transnet | R8.5 million | R708 333 | R23 287 |
| Passenger Rail Agency of South Africa (PRASA) | R7.8 million | R650 000 | R21 370 |
| Road Accident Fund (RAF) | R7.1 million | R591 666 | R19 452 |
| Council for Scientific and Industrial Research (CSIR) | R6.92 million | R576 667 | R18 959 |
| Central Energy Fund | R6.15 million | R512 500 | R16 849 |
| Air Traffic Navigation Services | R6.14 million | R511 667 | R16 822 |
| South African Airways (SAA) | R6.0 million | R500 000 | R16 438 |
| PetroSA | R5.8 million | R483 333 | R15 890 |
| Rand Water | R5.4 million | R450 000 | R14 795 |
Do you think the salaries of these SOE executives should be reviewed?
Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1
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