Gerrie Fourie’s salary at Capitec Bank totals $5.6 million

South Africa's Capitec raises salaries as 62% of staff now earn over $13,000

Capitec Bank, South Africa’s biggest commercial bank by customer base, has increased salaries across its workforce to attract top talent and sustain its high-performance culture amid rising competition for skilled professionals in the financial sector. In its 2024 remuneration report, the Capitec Bank revealed a shift in employee pay scales over the past three years. The number of employees earning between R250,000 ($13,268) and R500,000 ($26,53…

Gerrie Fourie’s salary at Capitec Bank totals $5.6 million

Key PointsCapitec Bank CEO Gerrie Fourie received R104.82 million ($5.62 million) in total compensation for the 2025 fiscal year, reflecting his leadership.Fourie’s leadership transformed Capitec from a challenger bank to South Africa’s largest digital bank, serving over 24 million customers.Under Fourie, Capitec’s net profit surged 574.83% to $742.5 million, with market capitalization growing to $20.68 billion by 2025.South African executive Ge…