Ramaphosa may become SA's most expensive president: Possible increase

Ramaphosa may become SA's most expensive president: Possible increase

- Cyril Ramaphosa may soon become the first South Africa president to earn over R3 million a year

- This comes after the Independent Commission for the Remuneration of Public Office Bearers' recommendations

- The commission recommended that select office bearers be paid more, backdated to last year

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President Cyril Ramaphosa may well become the nation's best-paid leader, earning over R3 million a year.

IOL reports that the Independent Commission for the Remuneration of Public Office Bearers recommended select officials should be paid around 3% more, backdated to April 2019.

Should Ramaphosa accept the recommended increase, his salary will be boosted by around R90 000 more.

The commission's suggestion could increase the president's salary from R2.99 million to around R3.1 million. Deputy President David Mabuza would be paid R2.91 million.

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The commission's chair, Judge President Mashangu Leeuw noted the nation's economic situation but still commented that:

“The commission recommends that independent constitutional institutions be treated in line with other public office bearers."

The commission, in fact, recommended the increases because of the current economic situation:

“Deteriorating economic performance and revenue shortfalls have contributed to slippage in fiscal projections... the continued decline in the financial condition of state-owned companies has also led to requests for additional support from the fiscus”.

Briefly.co.za gathered that Finance Minister Tito Mboweni had rejected salary hikes for members of certain state-owned entities as part of the effort to cut government spending.

Mboweni aims to help save R32.4 billion over the course of the next three years, with revenue shortfalls and poor economic performance increasing the pressure to minimize spending.

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Source: Briefly.co.za

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