Finances

Top 6 Highest Paid South African Bank CEOs

Top 6 Highest Paid South African Bank CEOs. What they make in a day will make you salivate.

1. Capitec CEO Gerrie Fourie: R155,068 a day

Group CEO, Gerrie Fourie nearly doubled his take-home pay for the year to R95 million, having received a R56.6 million payout in 2018. This was mainly to a long-term incentive, along with a 10% increase in his basic pay package. His guaranteed pay amounts to R11.65 million, while he scored R78.669 million for LTIs, giving him a daily pay packet of R260,263 a day.

2. FirstRand CEO Johan Burger: R135,260 A Day

FirstRand CEO Johan Burger was paid R49.37 million for the 2018 financial year.  However this is for the year ended June 2018. In 2017 Burger was the highest earner, with a total package of R53.9 million for the year, followed by deputy CEO, Alan Pullinger with R42.8 million.

3. Standard Bank CEO Sim Tshabalala: R135,287 A Day

Standard Bank CEO, Sim Tshabalala’s pay amounted to R49.38 million. This comprised of his fixed salary of R10 million, and a cash reward of R11.35 million.The group CEO also received a deferred award of R14 million as well as a performance award of the same amount. Tshabalala’s salary equates to him earning around R135,000 a day.

4. Nedbank CEO Mike Brown: R145,205 A Day

Nedbank paid its top six executives a combined R210.2 million in 2018, averaging R35 million per executive. CEO Mike Brown was the best paid, taking home a total package of R53 million for the year. This included a guaranteed salary of R8.5 million, a cash bonus of the same amount, a short-term incentive payout of R16 million, and a long-term incentive of R16.5 million ‘at face value’.

5. Absa CEO Maria Ramos: R81,369 A Day

Maria Ramos Photographer: Olivier Douliery/Bloomberg

Retired Absa CEO Maria Ramos earned a total pay package of R29.7 million in her final year at the financial services company, topping off her decade as chief executive of the group. Ramos’ guaranteed pay was cut from just under R15 million in 2017, to R13.8 million in 2018, with a short-term incentive of R15.9 million taking her total pay to R29.7 million for the year.

6. FNB CEO Jacques Celliers: R80,246 a day

FNB CEO Jacques Celliers was paid R29.29 million for the 2018 financial year.

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