I was a teensy bit startled to read this week that Standard Bank CEO Sim Tshabalala earned R83m last year. I don’t begrudge him a cent — his shareholders were merely rewarding him for the almost R30bn he earned them for the 2023 financial year. His executive team earned almost R400m last year.

They are at least partial proof that capitalism works. Through good leadership, clear strategy, innovation and iron discipline it is possible to create great wealth. SA is a fortunate country — for all the many disgraces of the past, the democracy we entered into in 1994 included a market economy...

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