Earnings and headline earnings for the 2015 financial year amounted to R2.547 billion compared to R2.017 billion in 2014, and net transaction fee income amounted to R2.6 billion. Riaan Stassen, the bank's previous CEO, said in 2011: “I have yet to understand why [a high net worth customer and a blue-collar customer] should pay different charges for using the same facilities.” The Global One account is therefore offered to all people, with no segmentation by income. Deutsche Bank Nominates Volkswagen CFO for Election to Supervisory Board. “We’ve now got just over 14 percent market share in primary banking clients and it’s growing significantly,” Stassen said. FAQ | Contact Us | Corporate Information. It’s been a 100-bagger (now R244 a share). The survey quotes Riaan Stassen, the chief executive of Capitec, as saying he has yet to understand why a high net worth client and a blue-collar client should pay different charges for using the same banking facilities. Capitec CEO Riaan Stassen took home a salary of R9.605 million, and with a relatively small bonus of R965,000, he amassed R10.8 million in 2013, from R10.52 million in 2012. In 2011, Kruger earned R28.04 million, with Tshabalala taking home R23.99 million. Capitec stock worth R420m still accounted for more than half his investment holdings. During the session, Mouton gave some advice for those that have lost their jobs or are looking to realise their dreams. Global One account. Stassen said yesterday that he had cut his holdings in the Stellenbosch-based bank to 1.9 million shares to diversify his investment portfolio. This account is suitable for people Capitec's Stassen retires after 18 years. Which banking CEO earns the highest salary? Share sales by Capitec directors, including founding CEO Riaan Stassen, gave long-time bears some much needed ammunition. As Capitec's CEO, Riaan Stassen, once stated: "I have yet to understand why a high net worth customer and a blue collar worker should pay different charges for the same facilities" . Full E-magazine Forbes English version (copyright) . By Sandile Mchunu May 3, 2019. Pages 181 ; This preview shows page 49 - 52 out of 181 pages.preview shows page 49 - 52 out of 181 pages. Nicky Oppenheimer Nicky Oppenheimer he is a South African Billionaire Businessman who was the chairman of De Beer diamond mining company. See the complete profile on LinkedIn and discover Rani’s connections and jobs at similar companies. Riaan Stassen explains how the company saved shareholders around R20m. “There’s the definite impact of labour, which has been fairly tense in the past few months. 2. Ramos was also awarded R10 million as part of a long-term incentive plan, taking her total remuneration to R16.658 million. 1. Chief executive of FirstRand, the holding company of FNB, Sizwe Nxasana was paid R22.48 million in 2012, including a performance related bonus of R9.6 million, and up from R19.58 million in 2011. The group’s CEO, Riaan Stassen, is a devout Ferrari fan and draws his leadership style from the racing team’s management principles. Riaan Stassen, who co-founded the micro-lender with Michiel le Roux in 2001, chaired his last AGM and will no longer be involved with the group. According to an article In Business Report, Stassen made a pre-tax profit of R80 million from exercising share options and share appreciation rights during financial 2013. Capitec Bank co-founder and chair Riaan Stassen, who played a significant role in shaking up SA’s banking industry, will retire from the financial services group at the end of May. by Juliet Pitman. “I’m very excited about that part of the business. It listed at R2 a share. Ramos was paid a basic salary of R6.07 million, along with a pension of R492,593, and additional benefits amounting to R99,488. Dec 14, 2011. in Entrepreneur Profiles. Capitec founder and non-executive chairpersons Riaan Stassen will retire at the end of the month. “There’s a good understanding by management of the impact of the continued slow economy,” he added. The bank has only one transactional account called the Global One account and in 2011, Riaan Stassen, the bank's CEO, said he did not understand why a high net worth customer and a blue-collar customer should pay different charges for using the same facilities. He does, however, remain a … - Bloomberg, © 2021 Independent Online and affiliated companies. “I’ve tried to increase my offshore holdings for the same reason.”. Capitec was ranked first in 2010 and second last year. Absa Group chief executive Maria Ramos did not receive an increase in fixed remuneration during 2012 following the bank’s “disappointing” earnings last year. In addition, the interim dividend is 246c a share up 21 percent, so there you go. Riaan Stassen, the former chief executive of Capitec Bank Holdings, said he was “very excited” about its banking business after he sold shares in the company worth R44 million. ... former Capitec CEO Riaan Stassen, was quoted on Food24.com. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. In 2012, that amount declined to R20.11 million for Kruger, but increased to R24.050 million for Tshabalala. [7] The bank offers its clients the Global One account, which is a transacting/savings account and credit facility rolled into one. Jordaan’s cash package totalled R4.604 million, with performance related incentives and share awards totalling R11.52 million. Almost half of South Africa’s estimated 21 million borrowers had impaired credit records at the end of December last year as economic growth in South Africa slowed to a four-year low in 2013. Unlike rival African Bank Investments, Capitec takes in customer deposits and benefits from fees and commissions linked to client transactions. Prabook is a registered trademark of World Biographical Encyclopedia, Inc. He wears his $530-million net worth lightly, but behind the smile and humility, is a hint of power with a firm handshake that means business. Relationship likelihood: Strong. All rights reserved, Please visit the official Government information portal for Coronavirus by clicking HERE. PSG have done a wonderful job – Michiel le Roux and Riaan Stassen. Capitec: Riaan Stassen. Capitec Bank Credit Card . Standard Bank took the rather unusual approach of appointing to joint CEOs to replace Maree, in Ben Kruger and Sim Tshabalala. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. View Rani Govender’s profile on LinkedIn, the world’s largest professional community. What is your favourite retail rewards programme. If that is the case then why was CEO Riaan Stassen selling R1.5m worth of his rights a few days ago? Capitec Bank … Capitec CEO Riaan Stassen took home a salary of R9.605 million, and with a relatively small bonus of R965,000, he amassed R10.8 million in 2013, from R10.52 million in 2012. “We said let’s build a bank and we were not going to experiment on a small scale, we always stayed very close to our clients and we knew what we wanted to bring to the industry,” says Le Roux. The Ackerman Family Trust, whose stake in Pick n Pay Holdings is worth R4.98-billion ( R4.6-billion) dropped one place to 7th. Credit must be given where it’s due. 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The litigious battle began in 2015 when the city attempted to liquidate Tansnat‚ insisting the company owed over R53-million and that Gcaba had captured its … In March Capitec increased provisions for doubtful debts by more than a third to R3.64 billion in the year through February. PSG Konsult Ltd. is an independent financial services company, delivering a broad range of financial services and products locally and abroad. FRANK WITTER. The company said in its 2012 annual report that if you bought 100,000 South African rands worth of PSG shares in November 1995 and reinvested the dividends, it would be worth approximately 136 million rands today. Absa South Africa. With the remuneration of blue-chip financial institutions constantly under the microscope due to the precarious state of the global economy, BusinessTech takes a snapshot of the salaries of South Africa’s top five banking firms, including FNB, Standard Bank, Absa, Capitec, and Nedbank. Michael Jordaan, CEO of First National Bank (FNB) pocketed R17.089 million in 2012, up from R14.787 million in 2011. Latest news about Business Leaders. Capitec is setting aside more money for bad debt as a sluggish economy and mine strikes hurt borrowers. Capitec’s fees have remained unchanged since last year, whereas all the “big four” banks increased their fees this year. The profit arose from options and rights granted in 2006, 2008 and 2009 when the Capitec share was trading at R30 to R35. 0. According to a New World Wealth report, the number of high-net-worth individuals in the Paarl, Franschhoek and Stellenbosch areas has gone up by 38% between 2007 and 2015, making it the country’s fastest growing region for millionaires. Monthly cost The platinum strike and a jobless rate of 25.2 percent are making it harder for some clients to service debt. CO ZA How to send money Send to a bank account Send to a mobile wallet How to receive money FNB and MoneyGram FAQ Change Country / Language; Change Country / Language. So right now in 2021 he has a Net-worth of R7,8 Billion, and that makes him one of the richest people in south africa. Riaan Stassen 'I have yet to understand why [a high net worth customer and a blue-collar customer] should pay different charges for using the same facilities.' Lonrho, APRIL 2013 FORBES AFRICA | 11 PRESS FOR VIDEO:BEHIND THE SCENES WITH SAM JONAH12 | FORBES AFRICA APRIL 2013 FORBES FOCUS — SAM JONAH FORBES which.