Gerrie Fourie’s salary at Capitec Bank totals $5.6 million

Key Points

• Capitec Bank CEO Gerrie Fourie received R104.82 million ($5.62 million) in total compensation for the 2025 fiscal year, reflecting his leadership.
• Fourie’s leadership transformed Capitec from a challenger bank to South Africa’s largest digital bank, serving over 24 million customers.
• Under Fourie, Capitec’s net profit surged 574.83% to $742.5 million, with market capitalization growing to $20.68 billion by 2025.

South African executive Gerrie Fourie, the group CEO of Capitec Bank, one of South Africa’s largest lenders, received a total compensation of R104.82 million ($5.62 million) for the 2025 fiscal year. This compensation reflects his role in steering the bank through a period of significant growth, strengthening its position as a leader in the country’s financial sector.

Fourie’s leadership shapes Capitec’s success

Fourie’s leadership has been a defining factor in Capitec’s success. After stepping into the CEO role on Jan. 1, 2014, following Riaan Stassen, he led the bank through a transformative decade. Under his watch, Capitec grew from a challenger bank with only 55 branches and 25,000 clients into South Africa’s leading retail bank, now serving over 24 million customers.

The 2025 fiscal year also marked the end of Fourie’s tenure at Capitec, as he plans to step down after the annual general meeting on Jul. 18, 2025. His departure marks the conclusion of an era of remarkable transformation, during which Capitec emerged as the dominant player in South Africa’s retail banking market.

Fourie’s 2025 compensation breakdown

Breaking down Fourie’s $5.62-million compensation for the 2025 fiscal year, his package includes a base salary of R18.66 million ($1 million) and a short-term incentive of R11.02 million ($589,712), both of which are linked to the bank’s financial performance.

The largest portion of his earnings, however, came from a long-term incentive of R75.02 million ($4.02 million), further reflecting his critical role in Capitec’s expansion.

Gerrie Fourie drives Capitec’s growth and innovation

A Chartered Management Accountant, Fourie’s career began in financial planning at Stellenbosch Farmers Winery, before joining Capitec in 2000 as its first COO. At the time, the bank was just starting out, with only 55 branches and a customer base of 25,000. He was pivotal in driving the bank’s early operational expansion, and in 2014, Fourie became CEO.

During his 11 years as CEO, Fourie turned Capitec into South Africa’s premier digital bank. The bank’s client base grew five-fold, from 5 million to over 24 million. Capitec diversified into non-interest income streams, launched Capitec Connect, and expanded its fintech services, solidifying its dominance in the retail banking sector.

Capitec’s profit hit $742.5 million

Under Gerrie Fourie’s leadership, Capitec’s market capitalization soared to R386 billion ($20.68 billion), and the bank’s net profit for the 2025 fiscal year surged by 574.83 percent to R13.75 billion ($742.5 million), compared to just R2.04 billion ($109.08 million) in 2014.

Capitec’s financials tell the story of Fourie’s leadership. Total assets grew by 416.26 percent, reaching R238.46 billion ($12.75 billion) by February 28, 2025, up from R46.19 billion ($2.47 billion) in 2014. Total equity also increased by 410.05 percent, from R9.98 billion ($533.56 million) to R50.91 billion ($2.74 billion), further reinforcing the bank’s strong position in the South African financial landscape.