The yearly salaries of South Africa's State-owned enterprise CEOs
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.
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
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