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The Citizen reports that Investec has given its minimum pay for employees a bump, but also decreased its group CEO’s remuneration package.
According to the bank’s integrated report for 2025, it has increased its minimum monthly pay for its employees in SA to more than R22,000, in other words to a minimum salary to R273,000 per annum, which seems to be in line with all the popular banks in SA. According to information gathered by The Citizen, there is no bank in SA that pays less than R20,000 per month. The minimum annual pay rates are as follows: FirstRand – R200,000 per year; Standard Bank – R258,390 per year; Absa – R250,000 per year; and Nedbank – R240 000 per year.
Investec’s CEO Fani Titi received a remuneration package of £3,359,000 (R76,204,894 as per the exchange rate on 10 November), which was a decrease from 2024’s £5,237,000 (R118,800,402). According to the report, Titi’s decrease in remuneration package comes amidst a volatile operating environment for the group in 2025.
- Read the full original of the report in the above regard by Tshehla Cornelius Koteli at The Citizen
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