US EditionSA’s Capitec Raises Tech Salaries by 28%, Mid-Level Earners Now 62% - Tech
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SA’s Capitec Raises Tech Salaries by 28%, Mid-Level Earners Now 62% - Tech
South Africa’s Capitec Bank has restructured its pay system to hold on to skilled professionals in the competitive financial sector. Most employees now earn significantly more than they did three years ago, and the bank isn’t hiding its intentions; it wants to attract and retain the best minds. A breakdown of the 2024 remuneration report reveals that over 60% of Capitec’s workforce now earn between R250,000 and R500,000 annually—three times mor…
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