Mon. May 20th, 2019

Ramaphosa vs Maimane vs Malema: Here’s how much money they make annually

Ramaphosa Maimane MalemaIt’s no secret that high-ranking politicians get a fair few salary perks, and life is good for Ramaphosa, Maimane and Malema: Here’s what you need to know.

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You’ve got 16 days before election day comes round. It’s both a chance to make your voice heard in the most critical elections since 1994, and to have a day off if you’re bosses are kind enough. Cyril Ramaphosa, Mmusi Maimane and Julius Malema – who lead the ANC, DA and EFF respectively – may just be sweating over their futures, though.

Ramaphosa will be doing everything he can to hold onto the ANC’s 50% majority, whereas Maimane is facing extreme pressure from Malema and his party in the battle to be considered South Africa’s official opposition.

Their sleepless nights may just be eased by the fact that they’re in a job that comes with a killer wage, though. All three of the leading men earn different salaries, but it certainly brings home the bacon. We thought we’d have a look at who’s making what – because it’s nice work if you can get it.

Ramaphosa vs Maimane vs Malema: How much do they earn?

Cyril Ramaphosa: Annual salary and net worth

(All salary figures are taken from data posted in the December 2018 Government Gazette.)

The president and the man at the helm of South Africa commands the big bucks. As you’d expect, Cyril Ramaphosa is the best-paid of the bunch in Parliament. His annual wage works out to be R3.4 million, which results in a R280 000 monthly payment. However, Cyril’s not exactly counting down the days to payday.

He has made his money from various business and property investments and is thought to be worth around R5-6 billion. Despite these mammoth figures, Ramaphosa has the dubious distinction of being the world’s highest-paid president in comparison to the average wage of the country.

Mmusi Maimane: Annual salary and assets

Since 2014, Mmusi Maimane has fronted the DA in Parliament. His official role as “leader of the opposition” earns him R1.6 million each year (R133 000 every month), which is less than half of his opposite number. He remains the best-paid Parliamentarian outside of the ANC.

Away from the day-job, Maimane declared his ownership of three Gauteng properties in Roodepoort, Wilgeheuwel and Weltevreden Park upon assuming office in the last election.

Julius Malema: Annual salary and wealth

Well, we’ve already found out he has enough moolah to join the swankiest country club in Sandton over the Easter weekend. Malema’s salary is a cool R1.3 million per annum (R108 000 per each month), which is the standard amount for the leader of any “minority party” elected as an MP. Mosiuoa Lekota, for example, earns the same as Juju.

Malema has had a varying degree of success in the business world and has been involved in lucrative deals with several engineering companies. However, he’s been accused of syphoning certain funds into one of his trust accounts. The EFF leader also owns a plush property in Hyde Park, Johannesburg.

What other MPs and high-ranking politicians earn each year:

Interestingly enough, Maimane and Malema earn less than all cabinet ministers, their deputies and provincial premiers. Meanwhile, Juju is on the same salary as DA Chief Whip John Steenhuisen, and Mmusi Maimane makes the same amount of money as the ANC’s Jackson Mthembu. Regular MPs are guaranteed R1.1 million each year:

  • Deputy President David Mabuza: R2.825 million
  • National Assembly Speaker Baleka Mbete: R.2.825 million
  • Cabinet Ministers: 2.4 million
  • Provincial Premiers: 2.26 million
  • Deputy Cabinet Ministers: R1.97 million
  • Ruling Party Chief Whip Jackson Mthembu: R1.6 million
  • Leader of the Opposition Mmusi Maimane: R1.6 million
  • Committee Chairpersons: R1.45 million
  • Leader of a Minority Party (Julius Malema, for example): R1.3 million
  • Chief Whip of the Majority Opposition John Steenhuisen: R1.3 million
  • MPs without any other official standing: R1.1 million

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