Finance

What are their yearly salaries?

South Africa is aware of a factor or two about going by way of robust instances. But the coronavirus pandemic might nicely be the darkest interval in our post-democratic historical past. Unemployment has soared, GDP was decimated within the earlier quarter, and 1000’s of lives have been misplaced, For Cyril Ramaphosa, the state of affairs is an nearly inconceivable one to handle.

But, regardless of the monetary hardships that are coming down on South Africans like a ton of bricks, there are some those who merely gained’t really feel the affect of COVID-19 on the identical scale as the remainder of us. President Ramaphosa’s million-rand wage stays secure – as do the mega-earnings of this nation’s prime CEOs.

Annual salaries of South Africa’s prime CEOs

A listing revealed by MyBroadband this week has used information from the JSE to judge what the highest, prime earners at in South Africa’s most profitable positions are taking residence with them. The standards used for this comparability makes use of firms which have a mean wage of R500k per 12 months or extra, making them the best of all rollers in SA.

  1. Rob Shuter, MTN: R58.23 million.
  2. Shameel Joosub, Vodacom: R43.4 million.
  3. Sipho Maseko, Telkom: R21.82 million.
  4. Calvo Mawela, MultiChoice: R27.53 million.
  5. Andre de Ruyter, Eskom: R8.62 million.
  6. Sbu Shabalala, Adapt IT: R4.84 million.
  7. Madoda Mwakwe, SABC: R3.92 million.
  8. Mlamli Booi, Sentech: R3.44 million.
  9. Daniel du Toit, Denel: R3.22 million.
  10. Andrew Matseke, Broadband Infraco: R2.7 million

How a lot is Cyril Ramaphosa price?

Now, evaluate that to what Cyril Ramaphosa makes in a 12 months: His wage stands at R2.99 million each year. Of the ten CEOs listed, the president solely makes multiple of them – Broadband Infraco’s Andrew Matseke.

Although Ramaphosa is the best-paid Parliamentarian, his wages pale compared to different CEOs. He makes lower than the respective head honchos of state firms Denel, Eskom and SABC. In truth, Cyril’s annual turnover is sort of 20 instances lower than what MTN CEO Rob Shuter brings residence.

President Ramaphosa has amassed his personal private fortune (price $450m, according to Forbes), making his wage from Parliament nearly redundant. Although he does take pleasure in advantages resembling free flights and a candy pension payout, it doesn’t make up a lot of his already-existing personal wealth – so don’t anticipate to see Cyril hand in his CV to MTN any time quickly.



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