
Here's how much the Sassa CEO earns
The Minister of Social Development, Nokuzola Tolashe, has revealed detailed information about the remuneration package of the Chief Executive Officer of the South African Social Security Agency (Sassa), which operates under her department.
The Sassa CEO earns an annual package of R2.65 million, exceeding the prescribed salary band for director-general-level positions by over R100,000.
Tolashe recently revealed the compensation details in response to a parliamentary question from DA MP Thamsanqa Bhekokwakhe Mabhena, who requested information about executive remuneration across entities reporting to her department.
Social development executive compensation structure
The Sassa CEO, appointed in 2019, earns a monthly basic salary of R154,583.33.
Tolashe explained that the executive receives 'additional compensation payable to heads of department, which is 10% non-pensionable allowance in line with Clause 9.1 of Chapter One(1) of the SMS Handbook (amended in April 2003).'
The package significantly surpasses the standard salary band of R2,259,984 to R2,545,854 applicable to salary level sixteen positions at the director-general level.
Tolashe noted that 'the salary package offered by the Department of Social Development (DSD) to the CEO which she accepted in 2019; was compared and matched with the salary package she (the CEO) stated; she was receiving from her previous employer; this being in line with Regulation 44 (3) (d) of the Public Service Regulations,2016; as amended.'
ALSO READ: Here's what some of South Africa's SOE bosses earn
Sassa CEO hot seat
Busisiwe Mamela joined Sassa from Postbank as CEO in 2019. She was suspended last year, reportedly on full pay, amid an investigation into her appointment.
According to Tolashe, Memela's precautionary suspension was due to issues raised by the Public Protector.
ALSO READ: 'Myriad of serious issues' – Why Sassa CEO Memela-Khambula has been suspended
Themba Matlou was later appointed as the acting CEO. A job listing for the position of CEO was advertised this year, with suspicion that Memela may have been dismissed.
Speaking to The Citizen, the department said the position was advertised in preparation for the end of Memela's term.
The department also refused to comment on the outcome of the investigation.
Performance bonuses discontinued
Unlike private-sector executives, the Sassa CEO did not receive performance bonuses during the 2023-24 or 2024-25 financial years.
Tolashe confirmed that 'no performance bonus (once-off) was paid to the CEO because the payment of performance bonus to public servants was discontinued in 2021/22 FY, per DPSA circular number 01 of 2019, which circular is applicable to Sassa.'
However, the CEO does receive an annual service bonus equivalent to a thirteenth cheque worth R154,583.33, paid each November.
This benefit applies universally across the public service as 'a transversal service benefit applicable to all employees in the organisation, and the public service.'
ALSO READ: Social development didn't fill all its vacancies — Here's why
Regulatory framework
The minister emphasised that executive remuneration at Sassa operates under specific legislative requirements.
'Section 7(2) (b) of the Sassa Act (Act No. 9 of 2004) states that 'The Minister for the Public Service & Administration (DPSA) in consultation with the Minister of Social Development and the Minister of Finance; must determine the remuneration and conditions of service of the Chief Executive Officer and the other members of the staff of the Agency',' Tolashe stated.
Comparative compensation
The National Development Agency (NDA), another entity under the department's oversight, pays its acting CEO R2,646,522.52 annually through a total cost-to-company package.
This structure allows employees to customise their benefits allocation based on individual needs.
Like Sassa, the NDA has not paid performance bonuses since the 2019 DPSA circular, which discontinued such payments across the public service.
Sassa social grant increases for 2025
Child support grants will increase from R530 to R560, and grant-in-aid will receive an identical increase.
Beyond executive compensation, the department oversees significant social spending through various grant programs.
National Treasury's 2025 Budget Overview confirmed increases across multiple social grants, though the Social Relief of Distress grant remains unchanged.
The old age grant will increase from R2,185 to R2,315, while the war veterans grant will increase from R2,205 to R2,335.
Disability grants will climb from R2,185 to R2,315, and foster care grants will increase from R1,180 to R1,250.
The care dependency grant matches the disability grant increase, moving from R2,185 to R2,315.
ALSO READ: Sassa grant increases and SRD extension in 'Budget 3.0': What you need to know
SRD grant extension
Finance Minister Enoch Godongwana announced during his Budget Speech that 'the temporary Covid-19 SRD grant will be extended until 31 March 2026, with R35.2 billion allocated to maintain the current R370 per month per beneficiary, including administration costs.'
Godongwana indicated government is 'actively exploring various options to better integrate' the SRD grant with employment opportunities.
'This includes considering a job-seeker allowance and other measures, as part of the review of Active Labour Market Programmes.
'Our goal is to not only provide immediate relief. It is also to create pathways to employment, empowering our citizens to build better futures for themselves and their families,' he said.
ALSO READ: Sassa offices 'reach capacity for the day'? We have no policy to turn people away, says agency
Sassa beneficiary statistics
Sassa manages grants for approximately 19.2 million beneficiaries, distributed across various programs.
This amount is distributed among the beneficiaries as follows:
The child support grant serves the largest population with 13.1 million recipients,
Followed by 4.1 million old age grant beneficiaries and
1.05 million disability grant recipients.
Smaller programs include:
515,553 grant-in-aid recipients,
213,425 foster care beneficiaries,
172,459 care dependency beneficiaries, and
seven war veterans receiving grants.
Meanwhile, the SRD grant, operating in its fifth cycle since the Covid-19 lockdown in 2020, currently assists approximately 9.2 million.
The number includes all eligible South Africans, refugees, and asylum seekers.
Treasury projects that social grant beneficiaries, excluding SRD recipients, will reach 19.3 million people by March 2028, with the grants budget increasing by R1.6 billion in the 2025-26 financial year.
NOW READ: Early pay in May: Good news for Sassa SRD grant beneficiaries
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

TimesLIVE
7 hours ago
- TimesLIVE
July car sales hit six-year peak
Despite the looming threat of tariffs, South Africa's domestic new-vehicle market continued full throttle in July, delivering the highest monthly sales since October 2019. In the tenth straight month of increased volumes, 51,383 units were delivered last month, up 15.6% from July 2024, which industry body Naamsa attributed to improving consumer confidence, favourable credit conditions and a steady recovery in disposable incomes. It firmly re-established pre-Covid-19 levels and momentum in the market's recovery. Passenger cars were the best performing segment last month at 36,248 units, the highest since January 2017 and a gain of 20.1% compared to July 2024. Car rental sales accounted for 14% of last month's figure. Sales of new light commercial vehicles, bakkies and minibuses at 12,356 units were 6.9% higher than July 2024. Medium trucks sold 703 units (+13.9%) while heavy trucks and buses dropped 1.3% to 2,076 units. The much-welcomed decision by the Reserve Bank in July to further reduce the repo rate by 25 basis points to 7% — its third cut this year — will further inject much-needed stimulus into the economy, said Naamsa CEO Mikel Mabasa. 'Encouragingly, household credit extension has continued to improve, while consumer sentiment is rebounding — especially among middle- and upper-income groups. The implementation of pension reforms has also unlocked additional liquidity for big-ticket purchases such as vehicles. This positive trend is further reinforced by improved logistics performance, a more stable electricity supply and a sustained demand for high-spec, cost-effective vehicles across market segments,' he said. Year-to-date sales of 330,274 new vehicles this year were 13.9% up on the first seven months of 2024. 'There remains a direct correlation between the rate-cutting cycle and the upturn in new vehicle sales,' said Lebo Gaoaketse, head of marketing and communication at WesBank. 'The market should continue to expect growth if interest rates remain lower.' 'The cumulative interest rate cut of 1.25% since the cycle started is saving a typical new car buyer about R257 per month. The sweet spot of the new vehicle market is a price point of R370,000 according to WesBank's book. More critically, the interest saving over the loan period could be over R18,500, which shows the impact lower rates have on stimulating the market and aiding affordability.' Vehicle exports have shown resilience in the face of the 25% automotive tariffs imposed by the US in April. Export volumes last month decreased 1.9% to 35,379 units compared to July 2024, but year-to-date exports were still 2.5% ahead of the same period in 2024. However, the 30% tariffs imposed on South Africa from this month are expected to cause economic headwinds for some local motor manufacturers. 'Despite global uncertainty and the looming threat of tariffs, South Africa's vehicle market continues to show remarkable resilience,' said Brandon Cohen, chair of the National Automobile Dealers' Association (NADA). A key contributor to the robust passenger market is the growing influence of Chinese and Asian vehicle brands, he said. Four Chinese importers are now among the top 15 best-sellers, including newer entrants such as Omoda/Jaecoo and Jetour. 'Financial institutions have also shown confidence in these brands by offering white-labelled finance packages, further supporting their market penetration. Meanwhile, manufacturers like Kia and Mahindra continue to feature prominently in the top 10, reflecting strong demand for affordable, value-driven options, a trend that has also underpinned Suzuki's consistent success. 'The rapid rise of Chinese and Asian brands reflects a shift in buyer preferences towards affordability and value. It's a trend we expect to intensify as more brands enter the market,' said Cohen. Toyota retained its lead as South Africa's most popular brand in July. The top 15 selling brands were: 1. Toyota — 12,694 2. Suzuki — 6,257 3. Volkswagen group — 5,738 4. Hyundai — 3,161 5. Ford — 2,877 6. GWM — 2,436 7. Isuzu — 2,427 8. Chery — 2,160 9. Kia — 1,891 10. Mahindra — 1,441 11. Renault — 1,320 12. BMW group — 1,249 13. Nissan — 1,190 14. Omoda and Jaecoo- 1,069 15. Jetour — 717

IOL News
11 hours ago
- IOL News
Inside Markus Jooste's Hermanus mega estate
The Voëlklip home at the center of a new Markus Jooste buzz. Image: Supplied A prominent estate in Hermanus's Voëlklip area, previously owned by former Steinhoff CEO Markus Jooste, has been listed for sale. IOL has confirmed Jooste's connection to the property, which is expected to fetch upwards of R100 million. It offers a distinguished location with uninterrupted, panoramic views of Walker Bay, globally renowned for its spectacular whale-watching. Paul Kruger, licensee for Seeff Hermanus, describes it as a "legacy property," and one of the most significant coastal residential holdings, a rare investment opportunity. A source close to the sale says this home was where Jooste walked down the cliff path and took his own life. The house was later attached by the South African Reserve Bank in execution of a debt judgment, although the bank did not go through with an attempted sale earlier this year as the price was not high enough. The estate occupies nearly 7,000 m² of prime coastal land, an unusually large double plot with uninterrupted views of Walker Bay. The boundary wall stretches at least 500 meters, highlighting the property's significant scale and privacy. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading The main residence measures 2,082 square meters and includes seven bedrooms, three lounges, and 10 garages among other rooms. Additional structures include a 259m² 'Heritage Cottage' and a separate flatlet. The house is built in Cape vernacular style, with high ceilings and large reception areas. 'Due to the high profile of the property, the sale will be managed with the discretion and professionalism that a property of this caliber demands,' Seeff said. Due to the high profile of the property, the sale will be managed with the discretion and professionalism that a property of this calibre demands. One of the seven bedrooms Image: Screenshot Jooste, at the center of South Africa's largest corporate scandal, reportedly died by suicide in 2024 at this home. The Financial Services Conduct Authority is pursuing a R475 million penalty against his estate, which could include proceeds from the sale. According to a PwC investigation, Jooste earned millions annually, with bonuses up to R20 million in some years and up to R25 million for individual deals. Many of these deals were later found to be fictitious, contributing to Steinhoff's financial collapse. The most expensive home ever sold in South Africa went for R290 million in 2016, which IOL estimates is worth around R722 million today after inflation adjustments. The heated indoor pool Image: Screenshot


eNCA
12 hours ago
- eNCA
More Than Insurance—180 Years of Standing by South Africans
At Old Mutual, we know that life doesn't always go according to plan. When the unexpected happens, what matters most is having a partner you can trust. For the past 180 years, that's exactly what we've been to South Africans—a consistent, dependable presence in uncertain times. From our very first policy issued in 1845 to paying out more than R14.7 billion in claims in 2024, we've stood firmly beside individuals, families, and communities, helping them protect what matters most. And as we mark this incredible milestone, our promise to support you remains as strong as ever. Claims that Make a Difference Take Delwin, for example. At just 29, his wife Marece was diagnosed with stage 3B lung cancer—just a month after taking out life and severe illness cover with Old Mutual. Despite the shock, she lived for more than two years and continued to care for her family. The cover enabled them to afford essential treatments, including an ±R800,000 surgery, which significantly eased their financial burden. Marece's story is a powerful reminder that illness can strike at any age—and that having the right cover, with the right advice, can make all the difference ' Our role is to help customers through tough moments—and we take that responsibility quite seriously,' says Kavir Ramjee, Head of Protection at Old Mutual. In 2024, we saw clear trends in the claims landscape that show just how unpredictable life can be: 73% of severe illness claims were for the 'Big Four': cancer, coronary artery bypass graft, heart attacks and strokes. * 85%of disability claims came from customers aged between 30–60. More than half (51%) of disability income claims were for Musculo-skeletal disorders. Most severe illness claims stemmed from non-communicable diseases (NCDs) —chronic conditions not caused by infection but influenced by the environment and lifestyle. While genetic risk factors can't be changed, we can reduce environmental risks like poor diet, inactivity, smoking and alcohol use. To help you understand what others like you have faced—and how you can prepare—we've created the Old Mutual Claims Tool. It gives you the power to explore real claims data from people in your age group and gender, across death, disability, and illness, over. With this insight, you can make more informed decisions about the protection that truly matters to you. These insights not only show how we support you, but they also highlight the importance of planning ahead and being financially prepared when life happens. Why Financial Advice Matters More Than Ever Our ability to pay billions in claims year after year isn't just about our financial strength. It's rooted in the quality of advice and the personalisation of each plan. Choosing the right cover isn't one-size-fits-all. It depends on your life stage, your job, your goals, and your financial responsibilities. That's where our advisers come in. At Old Mutual, advisers don't simply sell insurance. They help you understand your risk, tailor your plan, and choose the benefits that matter most, so that when life changes, your cover doesn't fall short. With the right advice, and customised risk plan, you are not just buying cover -you're building security and peace of mind. Recognised for Strength, Built for the Future In 2024, Old Mutual was honoured to be: News24 Long-Term Insurer of the Year, an award we received again in March of this year. * Top 10 Brand Finance South Africa's Strongest brands across all sectors.* These awards reflect what drives us most: serving customers well and building a more secure future for all. The Next 180 Starts with You We're incredibly proud of our legacy. But we're even more excited about what lies ahead. We're investing in smarter technologies, more personalised support, and more accessible solutions to meet your needs—today and tomorrow. Because at Old Mutual, we don't just sell cover. We build confidence. We help you protect what matters. And we're just getting started. Old Mutual. A certain friend in uncertain times. That's our 180-year promise to you. Speak to a trusted financial adviser today or visit to learn more about how we can help you protect your future. Sources: Old Mutual Claim Stats Report, 2025 Brand Finance South Africa 100, 2025