Cash-strapped universities have cut spending, but the executives who run them are pocketing multimillion-rand salaries.
Of SA’s 26 universities, 19 have disclosed the 2017 annual salaries of their vice-chancellors. They range from R2.5m to R4.5m.Stellenbosch University vice-chancellor Wim de Villiers tops the list. His R4.5m included a R30,000 bonus.
Close behind was former University of Venda head Peter Mbati, who pocketed R4.2m. Former University of Johannesburg vice-chancellor Ihron Rensburg received R17.6m last year, the final year of his 10-year tenure. Of this, R13.7m was in retention incentives accumulated over the 10 years — which works out to an average annual incentive of R1.3m.
The salaries and perks paid out to some vice-chancellors — the academic world’s equivalent of CEOs — have sparked calls for the department of higher education to investigate.
One vice-chancellor, who asked not to be identified, acknowledged some of his peers were receiving exorbitant salaries and perks.
“There should be a uniform salary structure for all vice-chancellors,” he said, describing Rensburg’s R17.6m payout as “ridiculous”.
Full story in the Sunday Times
SA's cash-strapped universities pay bosses multimillion-rand salaries
Cash-strapped universities have cut spending, but the executives who run them are pocketing multimillion-rand salaries.
Of SA’s 26 universities, 19 have disclosed the 2017 annual salaries of their vice-chancellors. They range from R2.5m to R4.5m.Stellenbosch University vice-chancellor Wim de Villiers tops the list. His R4.5m included a R30,000 bonus.
Close behind was former University of Venda head Peter Mbati, who pocketed R4.2m. Former University of Johannesburg vice-chancellor Ihron Rensburg received R17.6m last year, the final year of his 10-year tenure. Of this, R13.7m was in retention incentives accumulated over the 10 years — which works out to an average annual incentive of R1.3m.
The salaries and perks paid out to some vice-chancellors — the academic world’s equivalent of CEOs — have sparked calls for the department of higher education to investigate.
One vice-chancellor, who asked not to be identified, acknowledged some of his peers were receiving exorbitant salaries and perks.
“There should be a uniform salary structure for all vice-chancellors,” he said, describing Rensburg’s R17.6m payout as “ridiculous”.
Full story in the Sunday Times
Want to read the full Sunday Times?
Subscribe online from R80 per month or try our R15 day pass