Cosatu Boss' salary doubled

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Cosatu general secretary Zwelinzima Vavi's salary has doubled this year to R500,000 a year, The Star newspaper reported on Wednesday.

"My salary doubled because we were losing all the policy capacity in the federation," said Vavi.

"The economists and accountants were all gone, because if you keep the salary at R250,000, it means the economists can't make those sacrifices for years and years. They lose out."

The newspaper said Cosatu administrators and researchers earned about R7000 per month while security guards earned less than R4000.

Vavi said several staff members in "economic" positions received 100 percent increases this year.

But the lower earning staff received only 15 percent wage hikes, reported the newspaper.

Vavi has been very vocal in his criticism of SA Communist Party leader Blade Nzimande, who as Higher Education and Training Minister, recently bought himself a R1 million car.
 
"The economists and accountants were all gone, because if you keep the salary at R250,000, it means the economists can't make those sacrifices for years and years. They lose out."

I'm confused.
 
He is saying that the economists (and accountants) would not be prepared to work for 250 000 a year for ever.

Perhaps the people who work for cosatu who are not economists and accountants should form a union.
 
He only earns 500k now, no wonder he's so pissed off all the time.
 
R500 000 is not a huge salary.

agreed. I don't get why this is even being highlighted. For a man in his position it is a very conservative and realistic salary.

R42 grand a month? That's not even what some of you IT managers on MyBB are making.
 
What self respecting economist (with any education or idea on how markets work) would work for an organisation that is so antithetical towards choice, the ability for individuals to sign private contracts between themselves and understanding market dynamics.
 
R500 000 is not a huge salary.

I was going to say, R250k is surprisingly low.


What self respecting economist (with any education or idea on how markets work) would work for an organisation that is so antithetical towards choice, the ability for individuals to sign private contracts between themselves and understanding market dynamics.

Clearly one that isn't the brightest.
 
In the name of the poor and oppressed....



That's actually most of them the world over. Champagne socialists.

The best example being Hollywood.

I see George Clooney is a U.N "Messenger of Peace" :o
 
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