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Leadership team to forego 30% of April, May and June salaries

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FirstRand team proceeds to be redirected to social relief initiatives

On 11 April 2020 FirstRand Limited announced that the group’s CEO, COO and CFO, and the CEOs of its largest businesses, FNB, RMB and WesBank, will forego 30% of their salaries for three months.

FirstRand CEO, Alan Pullinger, said that the group wanted to demonstrate unity with the President and his ministers, who on Thursday night made the same pledge.

“The President’s request is meaningful, and we believe he is right to ask business leadership to step up and make the same sacrifice, particularly given what is at stake for our country,” he said.

The proceeds will be directed to FirstRand’s SPIRE fund, which, together with the Solidarity Response Fund and other industry initiatives, is focused on accelerating South Africa’s COVID-19 critical care capacity, including the provision of protective equipment to healthcare workers.

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Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.