While company chief executives are the top earners, they are by no means the only ones pulling in multiple million-rand salaries.
Chief financial officers can earn between R1.4 million and R4.2 million; operations managers can pull between R1.6 million and R3.8 million; and regulators can earn around R2.2 million a year.Former Eskom CEO Andre de Ruyter was paid over R7 million for his work at the embattled power utility. At the same time, current acting CEO Calib Cassim earned R4.9 million in his capacity as chief financial officer.
Transnet group CEO Portia Derby was paid R8.5 million in 2022, while Siza Mzimela, CEO of Transnet Freight Rail, got a R6.1 million package.South Africa’s ministers and deputy ministers draw a salary of between R2 million and R2.5 million a year, although they have not received an increase for the last few years.While the 2023 budget made room for a salary of R4.
The deputy president, meanwhile, saw his pay climb to R2.9 million – this against the budget of R3.5 million for that year.The full salary schedules for DMRE state companies can be seen below: