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Capitec CEO earned R13m in 2016 - report

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Johannesburg – Capitec’s [JSE:CPI] CEO Gerrie Fourie earned R13m in the past year, up 4% from the previous year’s earnings of R12.9m. This is according to Capitec’s annual integrated report for the year ended February 28 2017.

Fourie’s earnings trailed behind those of industry counterparts.

Mike Brown of Nedbank earned R22.2m according to the group’s remuneration report for 2016. However, Brown’s earning declined 2.8% from the previous year’s R22.9m. The remuneration of Absa’s Maria Ramos came to R29.5m. FNB’s Jacques Celliers earned R17.8m. Standard Bank joint-CEOs Sim Tshabalala and Barend Kruger earned over R44m each in 2016. 

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