The average salary for a Chief Executive Officer (CEO) in Namibia is R1,400,000.

Factors that affect the salary of a CEO

However, it’s important to note that CEO salaries vary depending on their employer and the company’s performance. For example, an employer might pay a CEO an annual salary of R800,000 and award the CEO with R100,000 worth of shares in the company. This might go up to R1,000,000 if the CEO gets a bonus as well.

In addition to this, some CEOs may receive other benefits such as deferred income schemes or car allowances which could contribute towards their overall salary package.

Some companies also have a ‘deferred income scheme’, where the CEO receives money next year rather than this year but gets a discount on it.

A deferred income scheme 

The deferred income scheme might be good for both the company and the CEO because it keeps the CEO motivated to keep performing well and to keep growing the company. The deferred income scheme is usually based on a set of performance criteria that have been agreed upon beforehand between the employer and employee.

For example, if you work for a mining company in Namibia, you could say: “I will get 10% of my annual salary as a bonus”. If your annual salary is N$1 million per annum, then this means that you will get an additional N$100 000 which can be paid out over 5 years (or whatever period has been agreed upon).