Do you know who the highest paid CEO in South Africa is?
It goes without saying that a major responsibility such as this attracts a bigger salary for obvious reasons.
So just how much is a CEO’s salary in South Africa?
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CEO salary South Africa
Different sectors pay differently and this is true for the executives too.
One of the sectors that have a lot of highly paid CEO’s is the retail banking industries.
Check out the following examples of highly paid CEO’s in 2017.
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Standard Bank CEO Sim Tshabalala
Mr. Sim earned a daily salary of R194,000.
Absa CEO Maria Ramos
Maria’s salary was R150,240 a day in 2017.
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This means that Maria Ramos salary was R16.6 million a year.
CEO’s top earnings in 2018
Each year comes with different things.
2018 was no different as CEOs in the banking sector continued to lead as some of the highest paid.
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Here is a list of CEOs that were highly paid during this period.
Investec
The company’s CEO, Steven Koseff had his remuneration paid in pounds.
His basic salary amounted to 1.7m which is R31.17m.
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His total earnings were 3.5m which is R64m.
FirstRand
The CEO, JP Burger’s got a guaranteed package that totaled to R10.2m.
Both the guaranteed and variable payments totaled to R37.58m with his salary including incentives making it to R49.4m.
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Vodacom
As one of the major mobile operator’s, the CEO Shameel Joosub earned R27.6m.
Sasol
The 2 joint CEOs of the energy and chemical’s company each took home a package of R25m.
On the other hand, Bongani Nqwababa’s basic salary was R10.3m, with total remuneration amounting to R25.9m.
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Discovery
The CEO Adrian Gore has a basic salary of R6.59m with a total remuneration of R19.8m.
Aspen Pharmacare
Stephen Saad who is the CEO of this pharmaceutical got a basic pay of R7.2m.
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His remuneration that included shares, as well as bonuses, totaled to R17.51m
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Bruce Hemphill, Old Mutual
Hemphill gets his salary in pounds.
The 2015 annual integrated report for the company showed that he had earned basic salary amounting to R26m.
His total package came to around R83.6m.
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His basic salary totaled to R40.1m.
All this was contributed by the fact that he has served as an international household retailer from 1988.
Whitey Basson, Shoprite
The Shoprite CEO Basson had a basic salary totaling to R49.6m in 2016.
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He was paid up to a total of R100.1m when the one-time R50m bonus on performance was added.
This bonus also served as an incentive for having served the company for so long.
Gradually, Whitey Basson 2010 earnings increased as his efforts were appreciated.
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This meant that he would receive R1.8 billion just from the selling of these shares.
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5.
Alan Clark
The CEO of SAB tops the list with R122 million as his earnings.
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He joined the breweries in 1990 where he served in various managerial roles in the soft and beer sections.
After years of dedicated service, he was chosen to head the company as CEO in 2003.
Nicandro Durante
He heads the British American Tobacco and earns a whopping R118 million.
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He too has been with the company for years considering that he joined BAT’s Brazillian subsidiary in 1981. Credit Suisse chiefs say sorry to shocked shareholders
3.
Andrew Stewart Mackenzie
He is the CEO of BHP Billition earning R89.8 million.
He heads the world’s largest mining company.
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With over 3 decades of experience in petrochemicals, oil and gas, he actually deserves what he earns.
Julian Roberts
He is the big boss at Old Mutual and earns R87.2 million.
His company is the largest insurer in Africa.
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He however was said to be stepping down for a different leader, Bruce Hempill.
Mark Cutifani
He leads the team at Anglo American.
He is an experienced and focused CEO with a focus on creating value.
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With his kind of seasoning in the mining industry, it is not surprising that he earns R85 million.
He has handled numerous mining projects that cut across different geographies both in the Americas and South Africa.
Simon Crutchley
The AVI boss earns R63.1 million.
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The boss is passionate about the re-positioning and strategic development of the current AVI.
Ian Hawksworth
As the chief head at Capital and Counties proprieties (CAPCO), he earns R63 million.
He has over 26 years of experience in asset, global estate business and corporate management.
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David Constable
David holds the reigns at Sasol which brings him an earning of R53.7 million.
Such is the compensation awarded to world-class leaders such as himself.
The electrical engineering professional joined MTN in 1999 and rose through the ranks to become the president and CEO.
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She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019.
The writer completed a Google News Initiate Course.
you might email her at perisrodah254@gmail.com.
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