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Thu, Feb 25, 2021

Investec Executives Donate a Third of Salary to Solidarity Fund

Investec Group CEO Fani Titi is among the top four executives of its South African business who, along with the chairmen of the Investec Group and the South African bank boards, are donating part of their compensation to honour the example set by President Cyril Ramaphosa and his government in helping to mitigate the effects of COVID-19.

“Investec is very conscious of the extreme pressure that individuals, businesses and industries are under as a direct consequence of COVID-19. We are inspired by those on the frontlines and by the overwhelming sense of generosity of South Africans,” said Titi.

Along with Titi, Investec Group CFO Nishlan Samujh, Investec Bank Limited CEO Richard Wainwright and Investec Wealth & Investment SA CEO Henry Blumenthal will donate one third of their salaries for three months and contribute the proceeds to the Solidarity Fund and various Investec-supported initiatives. Investec Group Chairman Perry Crosthwaite and Investec Bank Limited Chairman Khumo Shuenyane will similarly contribute a portion of their annual fees.

“We are extremely proud to stand alongside other business leaders and fellow South Africans who have already made similar contributions. It is Investec’s belief that we live in society and not off society. We, therefore, invite all our colleagues to make contributions. No amount is too small,” added Titi.

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