{"id":848610,"date":"2026-01-24T13:00:00","date_gmt":"2026-01-24T11:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=848610"},"modified":"2026-01-23T18:44:36","modified_gmt":"2026-01-23T16:44:36","slug":"the-highest-paid-south-african-banking-bosses-earning-over-r200000-per-day","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/848610\/the-highest-paid-south-african-banking-bosses-earning-over-r200000-per-day\/","title":{"rendered":"The highest paid banking bosses in South Africa \u2013 earning over R200,000 per day"},"content":{"rendered":"\n

Former Capitec CEO Gerrie Fourie is the highest-earning banking boss in South Africa, earning R105 million, while Investec CEO\u2019s remuneration has dropped by more than 50% from the year before.<\/p>\n\n\n\n

The CEOs leading South Africa’s major banks \u2013 Capitec, Standard Bank, Investec, Absa, and Nedbank \u2013 earned substantial compensation over the last year. <\/p>\n\n\n\n

This reflects the reality that, while demanding, executive roles in banking and other sectors are highly rewarding, especially for those who perform exceptionally well.<\/p>\n\n\n\n

Gerrie Fourie retired from Capitec in July 2025 on a high note, leaving his role as CEO in the hands of his successor, Graham Lee.<\/p>\n\n\n\n

As of November 2025, Fourie acts as a non-executive director of the private education group STADIO Holdings.<\/p>\n\n\n\n

Fourie\u2019s earnings, based on his single-figure remuneration as CEO, increased by nearly 60% from the previous year, reflecting Capitec’s strong performance in 2025.<\/p>\n\n\n\n

This significant salary increase was primarily due to the vesting of Long-Term Incentives (LTI) following his exit from the bank. His LTI totalled R75.02 million in 2025, compared to R42.38 million in 2024.<\/p>\n\n\n\n

Additionally, Capitec\u2019s share price rose by 52%, enabling the bank to exceed its target for Short-Term Incentives (STI).<\/p>\n\n\n\n

The second-highest-earning banking CEO in South Africa is Standard Bank CEO Sim Tshabalala, earning R89.22 million for the 2025 financial year.<\/p>\n\n\n\n

Tshabalala rose in ranking as his salary increased by 7% from R83.30 million in 2024, moving up from third to the second-highest earning banking CEO in 2025.<\/p>\n\n\n\n

This salary increase consists of a fixed pay of R11.9 million, cash incentives of R10.8 million, and vested long-term incentives totalling R53.3 million.<\/p>\n\n\n\n

Investec CEO Fani Titi earned the third-highest salary at roughly R81.3 million, which was converted from his salary of \u00a33.36 million.<\/p>\n\n\n\n

CEO<\/th>Bank<\/th>Latest pay<\/th>Per day<\/th><\/tr><\/thead>
Gerrie Fourie <\/td>Capitec (former) <\/td>R105 million<\/td>R287,671<\/td><\/tr>
Sim Tshabalala<\/td>Standard Bank<\/td>R89 million<\/td>R243,835<\/td><\/tr>
Fani Titi<\/td>Investec<\/td>R82 million <\/td>R224,658<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n

It is important to note that Investec’s directors are paid in pounds sterling (\u00a3). Consequently, they earned significantly more when converted to the local currency due to the weakness of the rand.<\/p>\n\n\n\n

However, Titi\u2019s single figure remuneration decreased significantly in the 2025 financial year, falling 35.9% from R127 million (\u00a35.2 million) in 2024.<\/p>\n\n\n\n

His single figure remuneration is determined by fixed pay for the year, along with short-term and long-term incentives, which require performance conditions to be met.<\/p>\n\n\n\n

Hit hard but still afloat<\/h2>\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n

In 2024, Titi was ranked the highest-earning banking CEO, earning 1.4 times the annual average wage in a single day and nearly double that of the second-highest-paid banking CEO.<\/p>\n\n\n\n

According to Investec’s Integrated and Strategic Annual Report from March 2025, Titi’s total single-figure remuneration declined due to a significant decrease in the value of LTI’s vesting and a strategic reduction in his fixed salary.<\/p>\n\n\n\n

Titi\u2019s 2025 pay includes: short-term Incentive (STI): Titi achieved results between on-target and stretch for both financial and non-financial measures.<\/p>\n\n\n\n

Long-term Incentive (LTI): Titi\u2019s performance on financial measures was slightly below target, while his results for non-financial measures fell between on-target and stretch.<\/p>\n\n\n\n

Titi\u2019s fixed pay decreased by 19% to \u00a3880,000 (R21 million). His personal security benefit increased by 6.5% to \u00a349,000 (R1.2 million).<\/p>\n\n\n\n

After reaching his financial and non-financial goals, Titi\u2019s STIs rose by 8.8% to \u00a31.6 million (R38 million). However, his LTIs decreased by 67.6% to \u00a3862,000 (R21 million).<\/p>\n\n\n\n

Despite the large salary reduction, Titi remains one of the highest paid banking CEOs in the country, still earning more than many other banking CEOs.

<\/p>\n","protected":false},"excerpt":{"rendered":"

Capitec’s former CEO Gerrie Fourie is the highest-paid banking CEO in South Africa, followed by the CEO of Standard Bank, and then Investec.<\/p>\n","protected":false},"author":127,"featured_media":831080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[2002,5039,24127,20195,1498,15790,499],"class_list":["post-848610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-capitec-bank","tag-ceo-earnings","tag-fani-titi","tag-gerrie-fourie","tag-investec","tag-sim-tshabalala","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=848610"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848610\/revisions"}],"predecessor-version":[{"id":848741,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848610\/revisions\/848741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/831080"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=848610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=848610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=848610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}