This comprised a R6.53 million salary (up 4.6% from 2012), R13 million in performance bonuses and R13 million in share-based awards.<\/p>\n
Brown’s total package was 13.2%<\/strong> higher than the R28.75 million he earned in 2012.<\/p>\n Nedbank grew its retail customer segment\u00a0by 529,000 or 9%, to 6.4 million during the period ended December 2013, while total clients advanced 10% to 6.7 million.<\/p>\n Headline earnings increased 15.9% to 8.67 billion rand, while headline earnings per share increased 15 percent to R18.29, the bank said.<\/p>\n Barclays Africa (Absa) head Maria Ramos’ basic salary remained unchanged in 2013 at R6.68 million.<\/p>\n However, with the addition of R22 million in bonuses and other variable income, the executive’s total pay amounted to R28.65 million<\/strong> for 2013.<\/p>\n In 2012, Ramos opted not to take a performance bonus for the year, due to the company’s\u00a0 disappointing financial performance.<\/p>\n With her base salary and long-term incentive plan, however, the Absa lead still took home R16.65 million.<\/p>\n This means that her 2013 salary is as much as 72%<\/strong> more than it was in 2012 – the biggest jump amongst banking CEOs in South Africa.<\/p>\n Moneyweb <\/a>noted that in Absa\u2019s 2014 board fee structure, its chairman gets a salary of R4.5 million a year, up 17%.<\/p>\n The range of increases for other board and committee positions is at between 13-14% with a few outliers on both sides.<\/p>\n Average increases for the remainder of Absa’s staff in 2014 amounts to an increase of between 6% to 7.5%, Moneyweb said.<\/p>\n In February, Absa’s parent company, Barclays Africa Group, released its full year results for 2013.<\/p>\n The earnings were the first since\u00a0Barclays\u00a0sold a large chunk of its African operations to Absa\u00a0in exchange for a larger stake in the group, to 62.3%.<\/p>\n Barclays Africa Group said its headline earnings increased 14% to R11.84 billion,while total revenue advanced 8% to R59.4 billion.<\/p>\n Maria Ramos<\/p><\/div>\n Former FNB CEO, Michael Jordaan – who stepped down from the position at the end of 2013 – pocketed R22.1 million<\/strong> in 2013, up 29.2%<\/strong> from R17.089 million in 2012.<\/p>\n Jordaan\u2019s cash package totalled R4.917 million (2012: R4.604 million), with performance related incentives and share awards covering the rest.<\/p>\n Jacques Celliers succeeded Jordaan as head of the bank, late 2013.<\/p>\n Capitec CEO, Riaan Stassen, saw a relatively small increase in his total pay in 2013, pocketing R10.8 million<\/strong>, up 2.6%<\/strong> from R10.52 million in 2012.<\/p>\n Despite having the lowest total paycheque out of the SA banks, Stassen received the biggest overall salary – or guaranteed cash payment – of R9.6 million.<\/p>\n Standard Bank has not yet released its annual report for 2013, but retired former chief executive, Jacko Maree took home a package of R18 million in 2012 (basic salary of R6.34 million).<\/p>\n Maree’s 2012 remuneration package was 34% less than the R27.2 million pocketed the year prior.<\/p>\n Maree has been succeeded by two joint-CEOs at the bank: Ben Kruger and Sim Tshabalala.<\/p>\nAbsa<\/h3>\n
![\"Maria](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2014\/02\/Maria-Ramos.png\")
<\/a>FNB<\/h3>\n
Capitec<\/h3>\n
Banking CEO salaries, 2013 (ZAR millions)<\/h3>\n
\n\n
\n Bank<\/strong><\/td>\n CEO<\/strong><\/td>\n Base salary 2013
\n<\/strong><\/td>\nTotal package 2013
\n<\/strong><\/td>\n<\/tr>\n\n Nedbank<\/td>\n Mike Brown<\/td>\n 6.532<\/td>\n 32.532<\/td>\n<\/tr>\n \n Absa<\/td>\n Maria Ramos<\/td>\n 6.658<\/td>\n 28.658<\/td>\n<\/tr>\n \n FNB<\/td>\n Michael Jordaan<\/td>\n 4.917<\/td>\n 22.108<\/td>\n<\/tr>\n \n Capitec<\/td>\n Riaan Stassen<\/td>\n 9.605<\/td>\n 10.799<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n SA banking CEO salary increase\/decrease, 2011 – 2013 (ZAR millions)<\/h3>\n