• Grain pain

    Corn crops could break records this year, but for farmers the bounty has a dark side.

  • Node joins TV revolution

    The movie-on-demand business has a new contender, says Arthur Goldstuck.

  • SA market needs Nokia

    A user says the brand should stay as it has great offerings at reasonable prices.

Loading...
See More

MPs to get huge salary hikes

Jul 26 2012 10:59

Related Articles

Public office bearers may get 5% hike

Public office bearers to get raise

Union condemns Zuma wage hike decision

Zuma: Realise Mandela's dream

R2bn jet for Zuma slammed

SA's iron lady

 
Cape Town - Members of parliament could soon earn as much as R900 000 per annum should President Jacob Zuma accept a proposed 5.5% salary hike for public office bearers.

Zuma is set to consider the recommendations put forward by the Independent Commission for the Remuneration of Public Office Bearers, MoneyWeb reported.

If the president approved the increases, it would bring the basic salary of an MP to R889 383, in addition to other perks including flights, pension and medical aid.

Zuma's salary would increase from R2 485 839 to R2 622 561 for the 2012/2013 period, while Deputy President Kgalema Mothlanthe's package would increase to just over R2.3m.

Department ministers would get salary increases over R2.06m and the total remuneration of deputy ministers would be just over R1.6m a year.

Commission chairperson Judge Willie Seriti said the proposal, which is 0.5% higher than last year's, enjoyed the backing of the ministers consulted, notably Finance Minister Pravin Gordhan.

"In the past he has differed from us... his views do play a role, but he does not dictate to us," Seriti said.

The commission said it based its recommendation on the consumer price index, the economic climate and market trends in salary increases.

Seriti said the commission felt that there was a need to link pay increases for public office bearers to performance, but at present the law did not allow for this.

He said a study to explore possible amendments had been halted due to a lack of funding for the commission.

The pay increases would take effect retroactively from April 1.

 - Fin24

 
government  |  salary increases
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
20 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...