Nedbank has released their annual report for 2018 which revealed how much their executives earned including Nedbank Chief Executive Mike Brown according to BusinessTech.
The R53 million package includes a guaranteed of R8.5 million, a cash bonus of the same amount, a short term incentive payout of R16 million and a long-term incentive of R16.5 million at "face value'. Brian Kennedy, a managing executive, took home R43.5 million while chief operating officer Mfundo Mkhulu had a total package of R32.9 million and Raisible Morathi took home R30 million. Based on Nedbank's staff costs and employee figures , the average employee at Nedbank earns R428400 annually which translates to R1170 per day.
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