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TMCNet:  Salaries of Top Paid State Executives

[March 20, 2014]

Salaries of Top Paid State Executives

(AllAfrica Via Acquire Media NewsEdge) THE government on Tuesday declared a $6,000 cap for top earners in the State-owned enterprises and local authorities. The move followed media revelations of mega salaries earned by executives in parastatals, many of which are reportedly insolvent, with ordinary workers going for months without pay.


Finance Minister Patrick Chinamasa confirmed the salary cap to reporters at a press conference in Harare.

"Government has been seized with the task of uprooting rampant corrupt practices, excessively high and unjustified salaries and allowances that most state enterprises, parastatals and local authorities have been, either illegally, procedurally, unreasonably or immorally awarding to chief executive officers," said Chinamasa.

"With immediate effect Cabinet has decided, as an interim measure, that no chief executive officer of any State enterprise, parastatal or local authority should receive a total pay package (basic salary plus benefits) which is above $6,000 per month for those in job level one," the treasury chief said.

Below are some of the top earners in the country's parastatals and local authorities ...

SALARIES OF SELECTED PARASTATAL CEOs ORGANISATION BASIC SALARY $ MONHTLY ALLOWANCES $ TOTAL PAY $ PSMAS 230,000 305,499 535,499 NetOne 10,126 33,576 43,693 ZBC 15,000 22,050 37,050 IDBZ 18,502 16,944 35,446 RBZ 18,000 14,943 32,943 NSSA 13,238 15,824 29,062 ZERA 10,985 17,418 28,403 Agribank 15,500 12,362 27,862 COUNCIL TOWN CLERKS AND CEOs Harare 14,000 9,313 23,313 Gwanda 6,767 13,821 20,588 Chitungwiza 10,000 9,663 19,663 Plumtree 1,173 15,854 17,027 Victoria Falls 3,534 12,665 16,199 Beitbridge 8,132 7,078 15,210 Copyright New Zimbabwe. Distributed by AllAfrica Global Media (allAfrica.com).

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