In response to the prevailing economic climate locally and globally, the Governor and Deputy Governors of the South African Reserve Bank (SARB), together with all Board members, unanimously decided at the Board meeting of 30 November 2012, to forgo salary and fee increases for non-executive and executive directors in 2013.
This is in support of President Zuma’s call to CEOs and executive directors in the private and public sectors, to agree to a freeze on increases in salaries and bonuses over the next 12 months.
This decision does not apply to the SARB staff and general management.
Enquiries:
Hlengani Mathebula
Head: Group Strategy and Communications
Tel: 012 313 4210
Cell: 082 448 9219
