Chief Executive Officers (CEO’s) are regarded as executive chairmen because they dutifully take charge as the presiding authority of any given establishment especially in the absence of the chairman who holds the supreme authority.
Considering that, there is no doubt the CEO position is a top rank in the corporate hierarchy. As such, it is logical that they earn more and are among the highest paid in any given establishment. Now, lets flip through the pages as we take a look at the ten highest paid CEO’s in South Africa.
Top 10 Highest Paid CEO’s In South Africa
10. Sifiso Dabengwa of MTN
Earnings: R48 Million
As the Group President and Chief Executive Officer of MTN Group Limited, Sifiso bags R48 million as his salary. As a B.SC holder in Electrical Engineering, an MBA and EDP, he joined MTN Group in 1999. He held different positions before he emerged as the Chief Executive Officer.
9. James Wellwood Basson of Shoprite
Earnings: R50 million
The Managing Director and Chief executive of Shoprite Holdings Ltd, James Wellwood Basson also known as Whitey has Obviously done well for himself. Reports from Shoprite’s web site indicates that James’ contributed much to the success story of Shoprite Holdings Ltd. That story tells of the largest food retailer in Africa comprising over 1649 corporate stores in 15 countries. Except you can beat such record, don’t get your eyeballs rolling when you read about how he earns R50 million.
8. David Constable of Sasol
Earnings: R53.7 million
According to Business Report, the release of Sasol’s 2013 integrated report indicated that David Constable, the chief executive of Sasol who happens to be the first non-South African to take over a top position at Sasol after he was appointed to replace Pat Davies received a pay package valued at R53.7 million.
7. Ian Hawksworth of Capco
Earnings: R63 Million
Who is better qualified to take home R63 million as pay if not the Chief Executive Officer of Capital and Counties Properties P.L.C? Mr. Hawksworth is a Chartered Surveyor by training who previously served in many positions as the Executive Director of Capital and Counties Debenture, the Director of LibertyIan proudly harbors about 26 years of experience in global estate business, asset and corporate management. He surly deserves what he earns.