South Africa’s Vice Chancellors’ Historical and Future Salary Predictors from 2016 to 2026

Molefe Jonathan Maleka () and Crossman Mayavo
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Molefe Jonathan Maleka: Faculty of Management Sciences, Tshwane University of Technology, eMalahleni Campus, Emalahleni 1034, South Africa
Crossman Mayavo: Faculty of Management Sciences, Tshwane University of Technology, eMalahleni Campus, Emalahleni 1034, South Africa

JRFM, 2025, vol. 18, issue 10, 1-17

Abstract: This article aims to create insights concerning the remuneration of executives (also known as vice chancellors (VCs)) in higher education in South Africa. Their remuneration is a trending and contentious topic in the media and literature within the South African context. The motivation for conducting this study is that there are no clear indicators, norms, or standards to measure salaries. Therefore, this study is grounded in agency and institutional theories. Moreover, prior to this study, there were no longitudinal studies in the South African context that have analysed VCs’ salaries, using predictors like student enrolment, return on assets, debt ratio, and revenue. The research design was longitudinal, while the research approach was quantitative. The universities that did not meet the requirements for 2016 to 2023 were excluded from the analysis, which was conducted using Python, version 3.11.7, Python Software Foundation: Wilmington, DE, USA, 2025. Since the data points were small (n = 8), bootstrapping was used to resample 1000 samples. The correlation results showed a significant relationship with the fixed salary, whereas the regression results were not significant. It was found that the VCs’ salary is a larger portion of the fixed salary, and the historical data (2013 to 2016) showed an upward trend; the forecast from 2024 to 2026 showed a flat trend. The forecasts are salient and create insights that will assist remuneration practitioners to budget for VCs’ salaries in order to attract, motivate, and retain them.

Keywords: benefits; fixed salary; return on assets; revenue; total number of students (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2025
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