President Jacob Zuma reportedly earns around R2.6 million, while National Empowerment Fund (NEF) boss Philisiwe Mthethwa earns R5.2 million.
This emerged in a Parliamentary reply to a question posed by the Democratic Alliance (DA).
The party is now asking whether Arts and Culture Minister Nathi Mthethwa’s wife is the country’s highest paid public official.
This was a 44.75% increase since last year, “despite the fact that the NEF hasn’t been able to fulfil its mandate for the last year,” Macpherson said in a statement.
The NEF’s primary mandate is to promote economic inclusion through the provision of financial support to black empowerment businesses.
However in May 2013, due to serious financial constraints, the board was forced to impose a moratorium on all new funding applications, leaving no money available to assist new entrepreneurs. The moratorium was only lifted in May this year.
“The moratorium did not stop Mthethwa rewarding herself with bonuses, with the NEF’s 2013-2014 annual report revealing that [she] was awarded an amount of R1 593 288 titled ‘bonuses and performance payments’, and R637 315, which was a ‘long-term bonus payment’,” Macpherson said.
This was over and above her basic annual salary for that year.
“Mthethwa’s total financial package for the 2013-2014 financial year was therefore R5 208 143.”