Madam Speaker, I move the motion printed in my name on the Order Paper, as follows:
That the House -
1) in terms of section 2(1) of the Remuneration of Public Office Bearers Act, 1998 (Act No 20 of 1998) and having due regard to the criteria listed in that subsection, determines the salary payable to the President of the Republic of South Africa at two million one hundred and seven thousand two hundred and twenty four rand (R2 107 224,00) per annum, with effect from 1 April 2008;
2) resolves that the structuring of the total remuneration package should include the following elements:
a) A basic salary component (60 per cent of total package);
b) an amount of one hundred and twenty thousand rand (R120 000,00) per annum, which is an amount to which section 8(1)(d) of the Income Tax Act, 1962, applies; and
c) a flexible portion; and
3) further resolves that the rules relating to structuring of the total remuneration package should be similar to those in respect of senior management positions in the Public Service.
Agreed to.