Here's how much South Africa's vice-chancellors earn

While students around the country are protesting over proposed fee hikes, their principals are raking in cash.

Vice-chancellors are the head of varsities and their positions could be likened to that of company's CEO.

But how much do they really earn? Here's what vice-chancellors of top South African universities were earning in 2013.

Unisa's Prof MS Makhanya was reportedly the highest earning vice-chancellor in 2014 taking home approximately R4.2million that year.

Most of the country's vice-chancellors earn more than the president of South Africa.

Prof IL Rensburg - University of Johannesburg - R3.9 million

Prof MW Makgoba - University of KwaZulu Natal - R3.8 million

Prof A Habib - University of Witwatersrand - R3.4 million

Prof HR Botman - Stellenbosch University - R3.1 million

Dr M R Price - University of Cape Town - R2.9 million

Prof ND Kgwadi - North-West University - R2.8 million

Dr S Badat - Rhodes University - R2.4 million

Prof Cheryl de la Rey - University of Pretoria - R2.2 million

Wits Vuvuzela reported that Habib's salary was 'more than RR2.million' in 2013, it has now been increased to around R3.5million.

University of Johannesburg's Rensburg was earning R3.3million in 2013, now standing at R3.9million.

Source - Business Tech, Wits Vuvuzela