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Africa’s Top Ten Most Paid CEO’s 2015

10 – Nicky Newton King – $1,8 Million

She is the first woman to run the Johannesburg Stock Exchange since she was appointed as Chief Executive Officer on January 1 2012, having been the deputy for nine years. Originally from Cape Town she is a graduate of Stellenbosch and Cambridge universities and she has three law degrees.

9 – Bob Collymore – $2, 2 Million


He has been ringing the changes at Safaricom Ltd since becoming the CEO in 2010. The enthusiastic leader of this leading telecommunications company , which was responsible for launching the first mobile phone payment method M-Pesa, has more than 25 years of commercial experience having previously worked for Vodacom.

8 – Patrice Motsepe – $ 3 Million

He was born in Soweto the worst ghetto of South Africa and is the 51-year-old founder and executive chairman of the $5 billion African Rainbow Minerals business, which has interests in gold, ferrous metals, base metals and platinum. In 2012, he was named as South Africa’s richest man topping the Sunday Times’ annual Rich List with a $2.4 billion fortune.

7 – Phuti Malabie $3 Million

She is the CEO of Shanduka, a black-owned and managed

investment company started by businessman Cyril Ramaphosa. The Wall Street Journal named Malabie one of its TOP 50 Women to Watch in 2008. Deemed charismatic, glamorous and ambitions, this 40-year-old whizzkid puts her meteoric rise down to her drive which comes, she says, from her privileged upbringing.

6 –Divine Ndhlukula $3,5 Million

She is the founder and managing director of DDNS Security Operations (Pvt) Ltd. This endearing lady’s dogged determination and iron will has elevated her business started in a backyard cottage to a company which now employs 3,500 people. Divine is an inspirational role model who works hard to encourage other women to follow her lead.

5 – Sifiso Dabengwa – $4 Million

He is the Group President and CEO of the MTN Group Ltd, which he joined in 1999. While he is known to fiercely guard his privacy and prefers not to give interviews, he is an inspirational leader for the staff of Africa’s largest telecommunications company. Dabengwa regularly participates in road trips around the continent to personally rally employees.


4 – Jacko Maree $5,5 Million

He is CEO of the Standard Bank Group, Africa’s largest financial services conglomerate, which has operations in 33 different countries including South Africa, Nigeria, Turkey, Russia, Argentina and Jersey.  The 53-year-old former Rhodes’ scholar is also chairman of The Banking Association (SA) and is the former director of the International Monetary Conference.

3 – Maria Ramos – $6 Million

She is the CEO of Absa Group and is one of the continent’s most respected public administrators and business leaders. Absa is South Africa’s second largest financialservices company by market capitalisation and she was appointed in 2009. Prior to her current job, she worked in South Africa’s public sector.

2 – Marius Kloppers – $8 Million

He is 50, was born in South Africa and is the dynamic leader of the world’s largest mining company BHP Billiton. Just a few weeks after becoming CEO, he launched an audacious takeover bid for rival mining giant Rio Tinto, which fell through. However, this has in not marred, in any way, his performance since then.

1 – Alhaji Aliko Dangote – $28 Million

HE is undoubtedly Africa’s best known CEO and president. He is the continent’s wealthiest man and sits at the helm of the Dangote Group. The Nigerian self-made business magnate has an estimated net worth of $16.1 billion as of March 2013. Based in Nigeria, his company has interests in commodities with operations in his homeland and several other countries in Africa.

He was born in the northern Nigerian state of Kano on April 10, 1957 into a wealthy Muslim family. His early days in business go back as far as when he was a pupil in primary school. He said: “I can remember when I was in primary school; I would go and buy cartons of sweets and would start selling them just to make money. I was so interested in business, even at that time.”


Written by PH

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