Michael Jordaan<\/a>, CEO of First National Bank (FNB<\/a>) pocketed R17.089 million in 2012, up from R14.787 million in 2011.<\/p>\n Jordaan\u2019s cash package totalled R4.604 million, with performance related incentives and share awards totalling R11.52 million.<\/p>\n Chief executive of FirstRand<\/a>, the holding company of FNB, Sizwe Nxasana<\/a> was paid R22.48 million in 2012, including a performance related bonus of R9.6 million, and up from R19.58 million in 2011.<\/p>\n Absa<\/strong><\/p>\n Absa Group<\/a> chief executive Maria Ramos<\/a> did not receive an increase in fixed remuneration during 2012 following the bank\u2019s \u201cdisappointing\u201d earnings last year.<\/p>\n Ramos was paid a basic salary of R6.07 million, along with a pension of R492,593, and additional benefits amounting to R99,488.<\/p>\n Ramos was also awarded R10 million as part of a long-term incentive plan, taking her total remuneration to R16.658 million.<\/p>\n Ramos was paid R20.7 million in 2011, including deferred awards of R14 million.<\/p>\n Standard Bank<\/strong><\/p>\n Jacko Maree<\/a>, who stepped down as CEO of Standard Bank<\/a> in March, took home R18.01 million in 2012, including R6.35 million in cash, but well off the amount of R27.24 million he pocketed in 2011, which included a deferred bonus of R9.04 million, and a cash award of R8.78 million.<\/p>\n Standard Bank took the rather unusual approach of appointing to joint CEOs to replace Maree, in Ben Kruger<\/a> and Sim Tshabalala<\/a>.<\/p>\n In 2011, Kruger earned R28.04 million, with Tshabalala taking home R23.99 million. In 2012, that amount declined to R20.11 million for Kruger, but increased to R24.050 million for Tshabalala.<\/p>\n Nedbank<\/strong><\/p>\n For the 2012 financial year, Nedbank<\/a> CEO Mike Brown<\/a> was awarded total remuneration of R28.747 million, 10% higher than R26.14 million in 2011.<\/p>\n Capitec<\/strong><\/p>\n Capitec<\/a> CEO Riaan Stassen<\/a> took home a salary of R9.605 million, and with a relatively small bonus of R965,000, he amassed R10.8 million in 2013, from R10.52 million in 2012.<\/p>\n According to an article In Business Report, Stassen made a pre-tax profit of R80 million from exercising share options and share appreciation rights during financial 2013.<\/p>\n The profit arose from options and rights granted in 2006, 2008 and 2009 when the Capitec share was trading at R30 to R35.<\/p>\n When the options and appreciation rights were exercised in April last year, the Capitec share was trading at about R216.<\/p>\n Is Capitec really the 4th biggest bank in SA?<\/strong><\/a><\/p>\n Biggest SA banks shock<\/a><\/strong><\/p>\n People are not switching banks: survey<\/strong><\/a><\/p>\n![\"Absa](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/05\/Absa-Executive-pay.png\")
<\/a><\/p>\n![\"Nedbank](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/05\/Nedbank-Executive-pay.png\")
<\/a><\/p>\nMore on banks<\/h3>\n