Capitec CEO Gerrie Fourie took an effective 33% pay cut during the bank’s past financial year but still raked in more money over the 12-month period than most South Africans will make in their entire lifetimes.
The head of SA’s largest retail bank by customer numbers earned R62.09m during Capitec’s financial year to end-February, according to remuneration details contained in the group’s 2023 integrated annual report. That amount comprised guaranteed pay of R16m, benefits of R920,000, short-term incentives of R5.43m and long-term incentives of R39.74m...
Source: Entertainment Trends (entertainmenttrends.net)
Gerrie after the decrease in remuneration
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Capitec earnings up 15%[LISTEN] Gerrie Fourie, CEO of CapitecBankSA, talks about the bank's FY profits jump 15% on SAfmRadio MarketUpdate with jmoyaha_ standing in for FifiPeters. Moneyweb CapitecProfits
Source: Moneyweb - 🏆 5. / 77 Read more »
Capitec CEO: Stop expecting others to fix SA's problems | BusinessCapitec CEO Gerrie Fourie says South Africa has immense potential and opportunities. But you won't see them when you don't have a plan for your life. | News24_Business _Business We won't see them if we are refused loans from them _Business Really? Who messed South up? _Business What he is saying makes so much sense, if you look at how the government departments are operating then you have people who on TV say government must give when they have a problem. Unfortunately government can't even manage basic tasks we as people must help ourselves.
Source: News24 - 🏆 4. / 80 Read more »
Things will turn around for South Africa: Capitec CEOCapitec’s chief executive officer provides insight onto the global economy. Nothing Is he a prophet? They must. SA is too big to fail.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
South Africans are getting poorer, Capitec data shows | BusinessData from SA's biggest digital banker Capitec shows South Africans are getting poorer. | News24_Business _Business Oh REALLY - JEEPERS CapitecBankSA did u have to rely on DATA to make you realize that MOST of South Africa are POOR and NOT getting POORER FFS ! _Business Nothing new. We are poor _Business That's news to you? 😅
Source: News24 - 🏆 4. / 80 Read more »
Capitec results | Profits up but loan repayments take a hitCapitec's latest results show clients are struggling to pay back loans. The next thing they will relocate with our money.
Source: eNCA - 🏆 49. / 51 Read more »
Capitec is expensive relative to peers[ICYMI] MoneywebNow podcast with SimonPB, analysis of results from Capitec and PPS and a look at the role of guaranteed products in investment portfolios. Download podcast:
Source: Moneyweb - 🏆 5. / 77 Read more »