CAPE TOWN: He’s one of South Africa’s richest men, the billionaire president of the Republic of South Africa, Cyril Ramaphosa will be earning more than former President Jacob Zuma.
Tabling his budget on Wednesday, Finance Minister Malusi Gigaba said, Ramaphosa will earn just over R3.6 million this year.
His new deputy stands to earn slightly less, at R3.2 million. Ramaphosa will earn around R700,000 a year more than his predecessor, Zuma. Before being recalled as the country’s president, Zuma’s salary was about R2.9 million a year.
According to CNN figures from 2017, the highest earning world leader is the US’ President Donald Trump, he earns a whopping R5.2 million.
Last year, leaders from the US, Canada, Germany and Japan’s leaders were all above Zuma however, this year Ramaphosa is second most paid leader in the world after Trump.
It’s not like Ramaphosa needs the money though as Forbes ranks him as the 12th richest South African, with an estimated net worth of R5.2 billion.