Question NW463 to the Minister of Finance

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27 March 2023 - NW463

Profile picture: Chetty, Mr M

Chetty, Mr M to ask the Minister of Finance

What (a) is the salary of each (i) chief executive officer and (ii) top executive position in each state-owned entity reporting to him and (b) total amount does each get paid to attend a meeting?

Reply:

State-owned entity

(i)(a)

Chief Executive Officer

(ii)(a)

Top Executive Position

(i)(b)

Chief Executive Officer

(ii)(b)

Top Executive Position

Accounting Standards Board (ASB)

R2 861 287

R2 139 230

The chief executive officer and top executives do not receive payment to attend meetings.

Co-operative Banks Development Agency (CBDA)

R594 000[1]

R1 214 000

 

Development Bank of Southern Africa (DBSA)

R8 061 383

R4 128 919

 

Financial and Fiscal

Commission (FFC)

R1 759 809

R1 450 275

 

Financial Intelligence Centre (FIC)

R3 068 000

R2 073 000

 

Financial Sector Conduct

Authority (FSCA)

R4 166 667

R3 621 890

 

Government Pensions

Administration Agency (GPAA)

R2 137 000

R1 304 000

 

Government Technical

Advisory Centre (GTAC)

R1 466 778

R1 601 147

 

Independent Regulatory

Board for Auditors (IRBA)

R3 303 398

R2 651 221

 

Land and Agricultural Development Bank of South Africa (Land Bank)

Vacant

R3 535 999

 

Office of the Ombud for

Financial Services Providers (FAIS Ombud)

R2 385 313

R1 593 228

 

Office of the Pension Funds

Adjudicator (OPFA)

R2 586 223

R1 807 125

 

Office of the Tax Ombud (OTO)

R2 697 684

R1 903 092

 

Public Investment Corporation SOC Limited (PIC)

R9 500 000

R7 563 600

 

South African Revenue Service (SARS)

R6 156 000

R3 023 000

 

South African Special Risks Insurance Association (SASRIA)

R4 100 000

R3 800 000

 

All the related information is available in the Annual Report of the Public Entities reporting to the Department.

The Managing Director of the CBDA’s contract ended on 30 September 2021.