Empowerment fund under fire for paying CEO more than Ramaphosa’s salary
The NEF continues to be hamstrung by a lack of funding that has rendered it unable to respond to the huge demand for financial assistance by black businesses
13 November 2019 - 17:59
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. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.