Below is top 10 list of highest-paid CEOs in South Africa:-. Top 10 highest paid CEO in Nigeria. With real names as Aliaume Damala Badara Akon Thiam, Akon is the Forbes richest musician in Africa. In the same period, the GDP per Capita went up by 4.3%. However he had significant decrease in salary, she still remained the highest paid female CEO in the United States. That being said, being the CEO of the world’s biggest company doesn’t necessarily mean … If any contemporary biographer in Nigeria can tell of the habits and peculiarities of their subjects, Toni Kan has a claim. The average salary for a Chief Executive Officer (CEO) in South Africa is R1,163,271. The CEO of SAB tops the list with R122 million as his earnings. Save my name, email, and website in this browser for the next time I comment. The list of CEOs of South Africa’s Top 100 Companies makes fascinating reading. Investment holding company Remgro CEO, JJ Durand gets a fixed salary of about R13m. Growthpoint, a property company whose Chief Executive Officer Norbert Sasse earns a total salary of about R25.3m. Gideon who has been at the helm of the company since 2001, takes home an annual pay of Ksh 376 million. Shoprite Holdings Limited, an investment company that engages in the food retailing business. By contrast, the top-paid bank CEO was Wells Fargo & Co.’s Charlie Scharf, whose 2019 package was worth $55.2 million by the end of the year, according to the index. He died before the appointed day. On … This is an estimation of the total take-home per annum of the top highest-paid CEOs in South Africa according to recently published reports. Austin was already in primary school, with his elder sister, Florence, who was 13 by the time their father died. That's the top of the list of the 15 highest paid charity CEOs compiled by the watchdog Charity Navigator. However, not every CEO wants to publish such data. 45 million last year after he missed out on bonus earnings for failing to meet the set annual performance targets. 72. CEO Pay continued to dominate the AGM season in 2019. Octogenarian Neil Jowell of Trencor is comfortably the oldest of them – and is also the longest serving having been in the hot seat for six years longer than Shoprite’s Whitey Basson. He joined the breweries in 1990 where he served in various managerial roles in the soft and beer sections. CEO Pay continued to dominate the AGM season in 2019. Between March and June last year, I was part of a team that interviewed Austin Avuru at two different places in Lagos. Victor. But Austin Avuru is anything but that. Kenya’s six highest-earning bank chief executive officers took home a total of Sh1 billion in salaries, allowances and bonuses last year, reaping from increased profitability of … Zambia is an attractive destination for professionals looking for a place to find well-paying jobs. They were farmers, owing fealty to Yoruba landlords who availed themselves of the free education programme then to send their kids to school. Austin Avuru’s mother was only 32, saddled with four children, an elder sister to him and two younger ones – the last only two years. 4.Clarence Otis, Jr. Otis, Jr. runs Darden Restaurants, an org. Bonus and grants skyrocket it to R13.9m. After years of dedicated service, he was chosen to head the company as CEO in 2003. It’s listed on the Nigeria and Johannesburg stock exchanges. South Africa boasts a lot of successful CEO’s in almost every sector – banking, oil and gas, sports, health and manufacturing. The only son of four children born on August 17, 1958 to Stephen Chukwusa Avuru, a cocoa farmer in Ipetu Ijesa in the then Western Region, Austin was still a minor when, on his father’s death, he saw people rolling on the ground in front of his unroofed nine-bedroom house in his natal town Abbi, crying. SABMiller CEO-Graham Mackay $ 1,401,073 After the first few interviews, Toni Kan adlibbed in one of our post mortems that the subject was a different kind of CEO, at least, a Nigerian CEO. He earns $223,500 and is one of the richest men in South Africa with a network of $450 million. Last year, his pay dropped by 75 percent to Sh. 0. A series of Q&A spread over weeks, he recalled, in sequential order, his life from infancy through adolescence to adulthood for a forthcoming biography, A Safe Pair of Hands. But Austin Avuru is anything but that. It was so, and for one-hour plus we ate and talked, he mostly, unpretentious and remarkably frank about his remembrance of things past, simultaneously digging into his rich bowl of vegetable soup – where some others in his position would have ordered for customized cutleries. Co-operative Bank’s Gideon Muriuki is the Best Paid CEO in Kenya with an annual pay of Ksh 376.4 million. Agreed, running a company is never a task that can be accomplished by just one person. Austin Avuru not only came first in Geology and Geophysics but topped in Petroleum Engineering becoming, in the process, the best overall student, once again. He earns R11.8 total earnings. Slightly edging out Robert Iger in the 10 highest paid CEOs in the world in 2019 is John J. Legere, CEO of T-Mobile US (NASDAQ: TMUS). Save my name, email, and website in this browser for the next time I comment. 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Following the establishment of FirstRand Limited in1998, he succeeded Sizwe Nxasana who retired as CEO in 2002. Another unbelievable annual earning: $108ighest,282,333. 2. While 2020 might see a freeze in CEO salary, 2019 was a … Other top positions he has occupied at the company include African Regional Brand Manager, Production Manager for Unilever Ghana, etc. Never once was there that conscious display of wealth even though he is numbered among the richest Nigerians today. Kasikornbank's Banthoon Lamsam was paid a little over $211,000 in 2017 and was the highest-paid at any company headquartered in Thailand, though he failed to crack the Asia top 50 list. He was diagnosed with peptic ulcer, operated on and told to return for post-surgery check. Without further ado, here are the top 15 highest-paid CEOs making their mark in the world. Top 10 Highest Paid CEOs in South Africa (2021), Top 10 Richest Music Artists in South Africa (2021), 2. SABMiller CEO-Graham Mackay $ 1,401,073 Shoprite CEO-Whitey Basson $ 3,809,343 2. The company Austin Avuru presides over is not doing particularly badly. If any contemporary biographer in Nigeria can tell of the habits and peculiarities of their subjects, Toni Kan has a claim. In the local tech sector, former MTN CEO Sifiso Dabengwa’s R28 million pay in 2014 lead the charge (27th overall), followed by Datatec CEO Jen Montana with R19.3 million. SHARES. 4405. Here are the top 10 highest paid CEOs in South Africa as of 2014. The first was an office in Ikoyi and the second a well-appointed residential building in Lekki Phase One. Like a neurosurgeon probing parts of the brain to see and know the intricacies that make up the individual, Austin Avuru’s jests and simple asides revealed so much; for as the prince of ancient biographers Plutarch himself once wrote, “a slight thing like a phrase or a jest often makes a greater revelation of character than battles when thousands fall, or the greatest armaments, or sieges of cities.”. #4.Bob Collymore. Akon is also the CEO of Konvict Musik – a record label which he is also signed into. is a reasonable enough title for a book, you imagine, about an individual whose ambition, after retirement as CEO of Seplat next June, is to devote much of his time to completing the school to be run by Jesuits, modelled after similar institutions known for their academic rigour. Advertisement The Nigerian Institute... Four players and the president of Palmas, a Brazilian fourth-tier football club, died on Sunday after a small plane taking them to a cup game crashed on take-off.Advertisement It is... Governors of south-west states will meet with leaders of Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) in Akure, Ondo, on Monday, amid tension in some parts of the region.Advertisement... A series of Q&A spread over weeks, he recalled, in sequential order, his life from infancy through adolescence to adulthood for a forthcoming biography. Losing a father at six isn’t anyone’s great idea of starting out life. Christoffel Wiese is also a CEO but a Non-Executive one. The last rating of such was drawn up in 2016. The total compensation of Johannes Burger at First Rand is R63.3m. Married for almost a quarter century without a child is even lesser fun, if it is fun at all. Below is a list of the top highest paid CEOs in Africa. Its CEO was awarded $108.1 million in … Date of Birth: 21st of August 1963 He took ill in Abbi during a brief visit from Ipetu Ijesa, (wife and four children in tow) and was taken to Baptist Hospital, Eku, for treatment, the only such modern medical facility within a respectable radius of his own town. Sifiso N. Dabengwa joined MTN in 1999 and in March 2011, he became the CEO and president of MTN Group Ltd. Investec is a banking association in South Africa. Even so, there is a memento left behind sometimes, a relic or token by way of pictures showing shared physical similarities between father and son, mother and daughter: a gap-teeth, say, bat-wing eyebrows, a high or low forehead, jutting or shrunk ear lobes. With biographies of some prominent Nigerians under his belt (, Avante Garde: DJ Jimmy Jatts, The Legend: Shonibare. 10) Sifiso Dabengwa, R48 million (CEO of MTN) The only black on the list. King Mohammed VI of Morocco. Gideon Muriuki – Cooperative Bank. It didn’t take long to know the cause of their early demise, which he summed up at the very first encounter: “It’s not by chance that the average life expectancy then had to do with two things: quality of life and access to health care.”, Four times governor of New York, vice president for two years under Gerald Ford and presidential wannabe, Nelson D Rockefeller, put it bleaker when he said: “If you don’t have good education and good health, then I feel society has let you down.”. This is an estimation of the total take-home per annum of the top highest-paid CEOs in South Africa according to recently published reports. As such, they take most […] Augustine Avuru, the co-founder and CEO of Seplat Petroleum Development Company Plc, is the highest-paid director in his company, and second highest in Nigeria for the year 2019. All through the periods I was part of the interview, there was no indication of the CEO’s Croesus-like wealth, especially sartorially. It is planned over a five-year period, not to mention the 47-year-old Abbi Grammar School, now getting a make-over to the standard of a modern boarding institution. On one occasion at his home in Lekki, for a late afternoon interview, he invited all of us to the table, having instructed Okon his, chef to prepare something for us to eat. 2. Below is a full list of the highest-paid CEOs in Kenya as of 2020. Chewy Inc.-CEO Sumit Singh Pet lovers' financial embrace of the online one-stop shop for furry family members made Chewy an extremely lucrative business. Mworia had earned Sh. The telecommunication giant CEO is one of the most popular and highly paid corporate officers in Kenya. Joosub has a Bachelor of Accounting Science from the University of South Africa and an MBA from the University of Southern Queensland. Austin had worked directly under him in the E&E Department as a youth corp member, then as a full staff of NNPC. Mark V. Hurd (Deceased) His amazing earning in a year was $108,295,023. Avuru Senior was only 51 when he died, in June 1965. So did the corporate top dogs of NNPC watch in admiration when Austin Avuru emerged the best overall student after a four-month course at Petroleum Training Institute, Effurun, Warri, in 1983. It was mandatory for fresh graduate employees in the company to go through a learning process – exploration, geophysics, geology, petroleum engineering and engineering – at the end of which they write exams every week for four months. Adewale Tinubu is the Group Chief Executive of Oando PLC, Africa’s leading indigenous energy solutions provider listed on the Nigerian and Johannesburg Stock Exchanges. We also take a look at how the performance of these companies has increased to understand how executives are rewarded for performance. The last rating of such was drawn up in 2016. Neither did Avuru Senior enjoy good health in his last days. The only surviving copy, it turned out, vanished without a trace, like a mirage as if Avuru Senior never even existed. ... Group CEO Oando plc (₦568 million) ... Central, and Eastern Europe. There were no hesitant moments as you expect, sometimes, in maiden meetings between biographers and their subjects. Stephen Avuru himself was not educated but ensured his children went to school in Ipetu Ijesa where he relocated from Abbi in Delta state, following the trail of pioneer migrants who found themselves in faraway present-day Ekiti and Osun states. It is not for nothing that Austin Avuru and his longtime friend and townsman, Pius Opute, were seen then as the “brains and brightest students in Abbi.”. Persistence and hard work are essential ingredients that make a successful entrepreneur. Prior to becoming the Chief Executive Officer of Seplat in May 2010, he was Managing Director at Platform Petroleum Limited, a company he founded. In 2009, Forbes ranked her the 14th most powerful woman in the world. 1. A Safe Pair of Hands is a reasonable enough title for a book, you imagine, about an individual whose ambition, after retirement as CEO of Seplat next June, is to devote much of his time to completing the school to be run by Jesuits, modelled after similar institutions known for their academic rigour. It also offers Clothing, general merchandise, furniture, bedding, loose carpeting, home entertainment etc. Citigroup CEO Michael Corbat was paid $25.5 million in fiscal 2019. by Emeka Nweze April 27, 2019. Losing the same spouse to a sudden asthma attack is more than anyone can bear. According to statistics from the World Bank, Zambia witnessed rapid economic growth between 2000 and 2014, with an annual average growth of 7.3%. His salary has however been fluctuating over the past two years. SHARE. But Austin Avuru lived through it all, insisting stoically that “once I have done what I think I need to do and things that I have no control over, I won’t knock my head against it.”. Fani Titi, an alumnus of the University of California, University of Fort Hare. Shoprite CEO, Pieter Engelbrecht aged 49, earns a total compensation of R18.5m. Highest Paid CEOs and Salary Earners in Nigeria. Adrian Gore has a fixed Salary of R6.59m with a total of R19m. Corbat has held the position since 2012. CEOs are the highest ranking corporate executives — and their compensation often reflects as much. Saad got featured on Forbes. ... (UK) and WAPCO (now Lafarge Africa), which he led as Managing Director/CEO for a decade before taking up the appointment as Managing Director/CEO of the National Electric Power Authority. Austin Avuru is CEO of Seplat Petroleum, one of a few O&G companies in Nigeria quoted on the NSE and LSE. Mohamed Shameel Joosub is a South African businessman, the CEO of Vodacom founded by Alan Knott-Craig, is a South African mobile communication company with over 55 million customers, since March 2013. The best-paid chief executive of a JSE-listed tech company in South Africa is Datatec CEO Jens Montanana, with an annual remuneration of R94 million. Thinking that Avuru would dine separately, he sat with us, suggesting that “I hope we can have the interview while eating.”, Oyo crisis: Igangan residents allege rape by herders, paying N50m ransom, Trey Songz arrested for ‘assaulting’ policeman, NPHCDA: FG to buy Oxford/AstraZeneca COVID vaccine for storage ease, Four players, president of Brazil’s fourth-tier club die in plane crash, South-west governors to meet with Miyetti Allah amid tension in Ondo and Oyo, COVID-19: Nigeria’s daily count drops below 1,000 — first time in 3 weeks, Tinubu returns to Nigeria after one-month absence, EXTRA: Kitten suckles nursing dog in viral video, Four simple ways to cope with stress at work, Bolu Okupe: Being gay not anti-Christ… l knew l was one at 10, BOOK REVIEW: Relationship manual for single and married, Five tips to help you find your personal style. Moraba was paid almost R9m in 2017/18, including a R4.1m bonus. From the onset, Austin Avuru settled into his role recalling momentous events that happened more than half a century ago, taking us through the valleys and hills, the smooth sailings, the perilous periods, the unforeseen and unexpected tragic times that have defined and shaped his life to this day. Stephen Bradley Saad, aged 55years, is a South African billionaire businessman, who is the founder and chief executive officer of Aspen Pharmacare, the largest producer of generic medicines in Africa. Today, he is one of the highest-paid leaders in the world. Two or three of Austin’s uncles and aunties would die prematurely as well – at about 50, 58, 69. Deprived of what would have been an only visual filial connection, Avuru Younger holds on to nothing else but descriptions of Avuru Senior by those who survived him. South Africa boasts a lot of successful CEO’s in almost every sector – banking, oil and gas, sports, health and manufacturing. 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