The yearly salaries of South Africa’s State-owned enterprise CEOs

Some CEOs of South Africa’s top State-owned enterprises (SOEs) are raking in a whopping R15.5 million a year.

Jun 15, 2025 - 13:00
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The yearly salaries of South Africa’s State-owned enterprise CEOs

Several Parliamentary Q&A sessions have revealed just how much public officials and Chief Executive Officers (CEOs) of some of South Africa’s top State-owned enterprises (SOEs) are earning annually.

According to BusinessTech, the yearly salary of some are up to R15.5 million a year, which equates to a eyebrow-raising R42 400 every day.

This yearly salary, earned by the CEO of the Development Bank of South Africa, also tops the list of highest salaries for public officials in SA.

How much do these CEOs earn?

Next on the list of highly-paid Chief Executive Officers is Transnet’s CEO, who earns R8.5 million a year.

The Passenger Rail Agency of South Africa (PRASA) pays its CEO R7.8 million per year, with the CEO of the Road Accident Fund (RAF) coming in next, earning R7.1 million annually.

Take a look at the top 10 SOEs as well as how much their CEOs are paid below:

State-owned enterpriseCEO pay per yearCEO pay per monthCEO pay per day
Development Bank of South AfricaR15.5 millionR1.29 millionR42 465
TransnetR8.5 millionR708 333R23 287
Passenger Rail Agency of South Africa (PRASA)R7.8 millionR650 000R21 370
Road Accident Fund (RAF)R7.1 millionR591 666R19 452
Council for Scientific and Industrial Research (CSIR)R6.92 millionR576 667R18 959
Central Energy FundR6.15 millionR512 500R16 849
Air Traffic Navigation ServicesR6.14 millionR511 667R16 822
South African Airways (SAA)R6.0 millionR500 000R16 438
PetroSAR5.8 millionR483 333R15 890
Rand WaterR5.4 millionR450 000R14 795

Do you think the salaries of these SOE executives should be reviewed?

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