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.