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NEF boss’s salary tops that of Zuma

President Jacob Zuma reportedly earns around R2.6 million.

National Empowerment Fund boss Philisiwe Mthethwa. Picture: NEF.

CAPE TOWN - The Department of Trade and Industry has revealed that National Empowerment Fund (NEF) boss Philisiwe Mthethwa earns a basic salary of R3.5 million excluding bonuses.

This emerged in a Parliamentary reply to a question posed by the Democratic Alliance (DA).

The party is now asking whether Arts and Culture Minister Nathi Mthethwa's wife is the country's highest paid public official.

The DA's Dean Macpherson says with bonuses and performance payments, her total package for the past financial year was about R5.2 million.

"When the NEF cannot fund itself but pays its chief executive R5 million, including bonuses, one has to question the legitimacy of the salary and the bonuses."

The fund provides financial support to black empowerment businesses, but in May last year the board was forced to impose a moratorium on new funding applications due to financial constraints.

Her salary tops that of President Jacob Zuma who reportedly earns around R2.6 million.