How much did some of the top 10 CEOs on the JSE earn in 2018?

How much did some of the top 10 CEOs on the JSE earn in 2018? explores how much some of the wealthiest companies in the South African stock exchange pay their bosses, with the majority of the CEOs earning more than R20 million with incentives and perks included

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It comes as no surprise that the CEOs of some of the largest companies on the local stock exchange are incredibly wealthy.

Some are lucky enough to be paid in strong foreign currencies such as dollars or pounds. explores what some of the top 40 companies on the JSE paid their CEOs in 2018:

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Investec CEO Steven Koseff

Investec CEO Steven Koseff
Source: Twitter

This bank is run by Steven Koseff who earns his money in pounds. His basic salary came to £1.7 million or R31.17 million. His total remuneration equated to £3.5 million or R64 million.


JP Burger is the man in charge of this bank, and his guaranteed package equates to R10.2 million, with his variable income amounting to R37.58 million. In total his remuneration amounts to R49.4 million with incentives.


CEO for this retailer, Ian Moir, earns a basic of R18.9 million, totalling at R49.4 million.

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Shameel Joosub Vodacom CEO

Shameel Joosub Vodacom CEO
Source: Twitter

The mobile giant is headed by Shameel Joosub who earns a total of R27.6 million.


This company is spearheaded by two CEOs. Stephen Cornell is paid in US dollars and earns a total of R46.2 million. Bongani Nqwababa earns R25.9 million.


Growthpoint CEO Norbert Sasse

Growthpoint CEO Norbert Sasse
Source: Twitter

This property behemoth pays its CEO Norbert Sasse a basic of R5.73 million whilst his total package amounts to R25.3 million.

African Rainbow Minerals

Mike Schmidt is the CEO of this mining company and earns a basic of R7 million, totalling in at R23.5 million.


The basic salary of Adrian Gore comes in at R6.59 million with his total package coming to R19.8 million.

Aspen Pharmacare

Stephen Saad, CEO at the pharmacutical giant is paid R7.3 million with his total including all shares and incentives amounting to R17.51 million.


JJ Durand leads this investment holding company, with a basic of R13.3 million and his salary amounting to R13.9 million

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