- President Cyril Ramaphosa’s annual salary of R3.6 million places him in the top 10 highest paid world leaders
- Ramaphosa has committed to donating half of his salary to charitable causes but he still earns far more than the average South African
- StatsSA has revealed that the average South African salary is R238,300 per year
President Cyril Ramaphosa earns a yearly salary of R3.6 million which easily makes him one of the top 10 highest paid world leaders. This amount is in stark contrast with that of what an average South African earns which according to StatsSA is around 238,000 per year.
Ramaphosa has previously committed himself to donate half of his presidential salary to various charitable causes but even then he would still be earning more in a year than the average South African earns in seven and a half years.
Ramaphosa’s full salary would take the average South African a full 15 years to earn. These figures are based on StatsSA statistics which account for only formal non-agriculture based employment.
Briefly.co.za gathered that StatsSA revealed that the average income per month for South African employees in formal non-agriculture sectors came to R19,858 per month.
Businesstech.co.za reported that another study conducted by BankservAfrica was less generous with its assessment of the average salary in South Africa. The study claimed the average South African worker received R13,621 per month after taxes and other statutory deductions.
This figure equates to an annual income of just R168,450 which means the average worker needed more than 20 years to earn the same amount as the president does in one year.
Ramaphosa also ranks as one of the richest leaders in the world thanks to his years in the private sector. The president has a personal fortune in the region of R6.4 billion.
Earlier this year the Economic Freedom Fighters (EFF) called on Ramaphosa to forgo his salary and donate the money to public hospitals.
EFF leader Julius Malema said the conditions at South Africa’s biggest hospital, Chris Hani Baragwanath, were worse than the conditions at Ramaphosa’s prized cattle farms.
Former ANC secretary general Gwede Manatashe famously said when declaring his support for Ramaphosa to become president of the ANC that he was too rich to steal money and therefore was a clean candidate.
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