The Treasury anticipates that President Jacob Zuma’s successor may earn almost R4m a year when he or she takes office. It is estimated that in 2019-20 the presidential package will amount to R3.4m‚ with an average growth rate of 6.1% over the next three years. These were among the budgetary projections tabled in Parliament this week when Finance Minister Pravin Gordhan delivered his budget speech. Zuma currently rakes in R3.3m in total — including several allowances. The president takes home almost R2.9m. There was no increase in the president’s salary this year. In 2018‚ however‚ the presidential package is projected to grow to R3.4m and to R3.6m in 2018-19. By the time Zuma’s successor steps into power‚ he or she may be earning a package of up to 18% more than the president currently earns. These figures are subject to change under budgetary review processes. The deputy president’s package is projected to grow to R3.3m in 2019-20 from R2.8m in 2016-17. Deputy president Cyril Ramap...
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