Here's what 10 of the JSE's top 40 CEOs earned in 2018 | Fin24
  • Illicit Tobacco Trade

    The SA Revenue Service says it is going to court to recover R200m in taxes in a decade-old case

  • SAA Strike

    The airline says it will take legal action over 'malicious' claims of unsafe flights by unions.

  • New CEO

    After months of speculation and delays, Andre de Ruyter has been named Eskom's new head.


Here's what 10 of the JSE's top 40 CEOs earned in 2018

Jan 08 2019 09:55
Lameez Omarjee, Fin24

It's no secret that CEOs of some of the biggest companies listed on the local stock exchange are millionaires, some of which are lucky to be earning their salaries in dollars and even in pounds. 

Fin24 looks at what some of the CEOs of the JSE top 40 companies earned during 2018, most of whom took home more than R20m. 


The bank's CEO Steven Koseff earned his remuneration in pounds. The basic salary came to £1.7m or R31.17m. Total remuneration amounted to £3.5m or R64m.


The bank's CEO JP Burger's guaranteed package amounts to R10.2m. His guaranteed and variable pay amounted to R37.58m but his total remuneration including incentives amounted to R49.4m.


The retailer's CEO Ian Moir earned a basic salary of R18.9m, but total remuneration came to R30.6m.


The mobile operator's CEO Shameel Joosub earned total remuneration of R27.6m.


The energy and chemical's company's joint CEOs each earned more than R25m.

Stephen Cornell, paid in US dollars, basic salary in rands was R26.4m, while his total remuneration amounted to R46.2m.

While Bongani Nqwababa's basic salary came to R10.3m and his total remuneration amounted to R25.9m.


The property company's CEO Norbert Sasse's basic salary amounted to R5.73m while his total remuneration ticks in at R25.3m.

African Rainbow Minerals

CEO of the mining company Mike Schmidt earned a basic salary of R7m, but his total remuneration came to R23.5m.


CEO Adrian Gore's basic salary is R6.59m but his total remuneration comes to R19.8m.

Aspen Pharmacare

The CEO Stephen Saad's basic pay was R7.2m. His total remuneration, including all shares and bonuses, amounted to R17.51m


Investment holding company Remgro's CEO JJ Durand earned a fixed salary of R13.3m, his total salary amounted to R13.9m.

*Fin24 took into account the list of the JSE Top 40 companies on December 31, 2018 and collected information from remuneration reports included in the annual reports of companies which were released in 2018.

remuneration  |  earnings  |  2018  |  jse  |  ceos


Company Snapshot

Money Clinic

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

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote