Richemont CFO and Old Mutual FD among SA's best paid execs
Following the release at end 2015 of the Sunday Times' list of SA's wealthiest businessmen comes Business Tech's list of SA's best paid execs and SA's top earning bankers. Richemont CFO Gary Saage was fifth on the list of best paid execs, while Old Mutual's FD Ingrid Johnson was second on the top earning bankers list.
According to the reports, which were based on the Sunday Times' findings, Saage's 2014 total basic earnings were pegged at just shy of R28.5 million; a figure that excludes any performance bonuses. Johnson's total pay was reported at between R33.4 and R35.6 million, with no mention of whether this did or did not include bonuses.
Bernard Fornas, Co-CEO of Richemont, topped the list of best paid execs, with total earnings for 2014 of close on R88 million. Topping the list of top earning bankers was Investec executive director Hendrik du Toit, with a reported total pay of R86 million.
Seems we all have a little something to aspire to.