The government fund that provides capital for black entrepreneurs has come under fire for paying its CEO, Philisiwe Mthethwa, a higher salary than President Cyril Ramaphosa’s.

According to figures contained in the National Empowerment Fund (NEF) 2018-19 annual report tabled in parliament recently, Mthethwa received a salary package of more than R6m for the previous financial year.  

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now