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'It is illogical': Mboweni takes aim at high pay for heads of state-owned entities

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Finance minister Tito Mboweni at the press conference before he delivered his 2019 budget speech.
Finance minister Tito Mboweni at the press conference before he delivered his 2019 budget speech.
Gallo Images, Brenton Geach

Why must the CEOs of state-owned companies out-earn the director-general of National Treasury or other senior government officials? 

This was the question raised by Finance Minister Tito Mboweni, who has taken aim at high-earning executives at state-owned entities and says structural reform was urgently needed.

Speaking to Fin24 on Tuesday, Mboweni said it was unjustifiable and illogical for the heads of SOEs, some of which received government bailouts, to earn more than senior director-generals in government who had far more responsibility.

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