• The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

  • Losing the plot

    Parastatal leaders have lost focus of what they're supposed to do, says Nonkululeko Gobodo.

All data is delayed
See More

Sarb governor‚ board forgo salary hikes

Dec 12 2012 09:53
I-Net Bridge

Johannesburg - In response to the prevailing economic climate locally and globally‚ the governor and deputy governors of the SA Reserve Bank (Sarb)‚ together with all board members‚ unanimously decided at the board meeting of 30 November‚ to forgo salary and fee increases for non-executive and executive directors in 2013‚ the central bank said in a statement. 

“This is in support of President Zuma’s call to CEOs and executive directors in the private and public sectors‚ to agree to a freeze on increases in salaries and bonuses over the next 12 months‚” the bank noted. 

This decision does not apply to the Sarb staff and general management.

Zuma reportedly called on all CEOs and executive directors in the public sector and senior executives in the public sector to agree to a freeze on increases in salaries and bonuses over the next 12 months.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.




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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote