Loading...
See More

Sarb director pay takes slight cut

Jul 04 2012 12:06
I-Net Bridge

Pretoria - The total remuneration of Reserve Bank executive directors for the financial year ended March 2012 amounted to R16.066m from R16.552m in the previous financial year‚ the bank's annual report released on Wednesday showed.

Reserve Bank head of strategy and communications‚ Hlengani Mathebula‚ said the marginal decline in total remuneration was attributable to the departure of some executive directors during the year under review‚ while those that joined the bank had been there for less than a year.

Bank governor Gill Marcus's remuneration and fringe benefits amounted to R4.8m for the financial year‚ while her deputy Daniel Mminele's amounted to R3.6m in the same period.

Lesetja Kganyago‚ who was appointed deputy governor on May 16 last year‚ received a remuneration and total recurring fringe benefits package of R3.1m.

The bank's annual report also showed that non-executive directors' remuneration for services amounted to R3.1m in the period from R3.6m the previous financial year.

 
sarb  |  lesetja kganyago  |  gill marcus

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Scenario planner Clem Sunter says he is as passionate about economic freedom as Julius Malema, but his bet is on entrepreneurs to open up the whole economy.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote

Loading...