http://www.finance24.co.za/Finance/Companies/0,,1518-24_1578566,00.html?kps=193
Tito gets 'only' 4.5% raise
25/08/2004 13:32 - (SA)
Johannesburg - South African Reserve Bank (SARB) governor Tito Mboweni sent out a strong signal on the importance of reaching the inflation target by announcing an increase of only 4.5% in his remuneration package.
That is the midpoint of the target of between 3% and 6%.
Last year he faced hefty criticism when his package was increased by 9%.
The average increase for Reseve Bank employees in the current financial year is 5.25%.
Mboweni's total remuneration package for the financial year to end-March 2004 was R2.594m compared with R2.384m the previous year.
Gill Marcus en Dr XP Guma, deputy governors of the SARB, respectively earned R1.476m and R1.465m. Marcus has since left the employment of the Reserve Bank.
<b>When I saw this, I couldn't help thinking about Telkom's CEO and his lucrative salary.</b>
<b><hr noshade size="1"></b><font size="2"><font color="red"><b>You can take Telkom out of the Post Office but you can't take the Post Office out of Telkom.</b></font id="red"></font id="size2">
Tito gets 'only' 4.5% raise
25/08/2004 13:32 - (SA)
Johannesburg - South African Reserve Bank (SARB) governor Tito Mboweni sent out a strong signal on the importance of reaching the inflation target by announcing an increase of only 4.5% in his remuneration package.
That is the midpoint of the target of between 3% and 6%.
Last year he faced hefty criticism when his package was increased by 9%.
The average increase for Reseve Bank employees in the current financial year is 5.25%.
Mboweni's total remuneration package for the financial year to end-March 2004 was R2.594m compared with R2.384m the previous year.
Gill Marcus en Dr XP Guma, deputy governors of the SARB, respectively earned R1.476m and R1.465m. Marcus has since left the employment of the Reserve Bank.
<b>When I saw this, I couldn't help thinking about Telkom's CEO and his lucrative salary.</b>
<b><hr noshade size="1"></b><font size="2"><font color="red"><b>You can take Telkom out of the Post Office but you can't take the Post Office out of Telkom.</b></font id="red"></font id="size2">
