Nosiviwe Mapisa-Nqakula was accused of misusing state resources for party political business.
The defence force had argued she was on official business and had simply given the other passengers a lift.
But President Cyril Ramaphosa called it an "error of judgement".
Ms Mapisa-Nqakula had been travelling to Zimbabwe's capital Harare for a scheduled meeting to discuss regional issues.
The delegation from South Africa's governing party - the African National Congress (ANC) - was meanwhile going there for crisis talks with Zimbabwe's ruling Zanu-PF party aimed at helping tackle the country's political and economic woes.
But opposition politicians were extremely critical of the fact that she let the ANC delegation hitch a lift with her.
Mr Ramaphosa, who in coming to power had pledged to clean up the ANC's reputation after a decade of corruption scandals, said that by giving the ANC delegates a lift on the plane, she had not acted "in the best interest of good governance".
As a result, he said he had decided to dock Ms Mapisa-Nqakula's pay, with the money going to a fund to help fight coronavirus.
In response, the opposition Democratic Alliance party said Mr Ramaphosa had not gone far enough, characterising the punishment as a slap on the wrist.
The issue could be discussed further in parliament amid some calls for her to be sacked.
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September 27, 2020 at 11:18PM
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South African defence minister's pay docked over use of air force plane - BBC News
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