Working for the government pays well in South Africa, with heads of commissions, institutions and state-owned companies making bank.
The President in South Africa may be the head of government, but they are not the best-paid government employee.
Using data from the OECD, Mbeki said that salaries for the public sector in South Africa cost over 14% of GDP, which is far above the 5% for other emerging states, such as Chile and Indonesia. The privately owned South African Reserve Bank is included, as the President elects seven of the 14 directors, including the governor and three deputy governors.Thus, the SARB’s Governor Lesetja Kganyago is the highest-paid “government” employee, earning R8.8 million for the 2022/23 financial year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: How South Africa Is Working to Become a New Global PlayerSouth Africa is not just the strongest industrial nation on the continent, it is also making a name for itself internationally as a diplomatic powerhouse and the voice of the Global South.
Read more »
South Africa: Uncertain Times for South Africa's Foreign Policy As Country Heads for Coalition GovernmentAnalysis - After South Africa's 29 May election, the African National Congress has lost the electoral majority it held for 30 years, but remains the party with the highest number of seats in parliament. This makes it a key partner in the formation of a coalition government.
Read more »
South Africa: Will Foreign Policy Differences Be a Deal-Breaker in South Africa's Coalition Negotiations?Analysis - The ANC has sharp differences over foreign policy with other political parties. The question is whether these differences will be deal breakers in ongoing negotiations to form a government of national unity or a coalition.
Read more »
South Africa: Anti-Immigrant Rhetoric Gained Ground During Run-Up to South Africa's ElectionsAn online activity report by the Centre for Analytics and Behavioural Change (CABC) has found that South Africa's socio-economic problems are increasingly being blamed on immigrants.
Read more »
South Africa: Better Policing in South Africa Is Well Within ReachAnalysis - SA has the necessary skills and resources - we need the president and police minister to make reform their mission.
Read more »
South Africa: Coalition Government in South Africa Will Affect the Country's Policies Internally and GloballyAnalysis - South Africans say they are excited and eager to see what a coalition government is going to look like days after elections show no party won an outright majority.
Read more »