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Standard Bank execs earned big bucks in 2023

Summary by Ground News
Standard Bank CEO Sim Tshabalala's total single figure remuneration for 2023 came in at R83.304 million, 50% higher than the R55.694 million he received in 2022. Top six executives received average pay increases of 45% in 2023, almost eight times last year's prevailing inflation rate of 6%.

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Standard Bank execs earned big bucks in 2023

Standard Bank's top six executives received average pay increases of 45% in 2023, almost eight times the prevailing inflation rate and nearly three times the 17% increase in the group's total staff costs last year.

·South Africa
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News24 broke the news in South Africa on Tuesday, April 2, 2024.
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