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Investec, the niche private banking and wealth management group, has set minimum pay for its SA employees at just under R21,000 a month, becoming the latest company in the financial services sector to disclose its minimum pay.

The increase in minimum pay for the group’s lowest earners does little to close the gap between the top 5% of best-paid SA employees and the bottom 5%.

The Anglo-SA bank’s group CEO, Fani Titi, was paid £5.2m (R120m) in the year under review, down from the £7.5m in…

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