Share

Sarb director pay takes slight cut

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.

 
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.00
-0.5%
Rand - Pound
23.95
-0.2%
Rand - Euro
20.50
-0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.5%
Platinum
895.30
-0.2%
Palladium
991.47
-1.0%
Gold
2,194.13
-0.0%
Silver
24.44
-0.8%
Brent Crude
86.09
-0.2%
Top 40
67,910
+0.3%
All Share
74,134
+0.3%
Resource 10
56,271
+1.1%
Industrial 25
103,558
+0.3%
Financial 15
16,498
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders