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Jason Quinn, who lost out on R60m in long-term incentives when he quit Absa to join Nedbank, has more than made up for it. It emerged last week that Quinn received total remuneration of R119.7m in the 2024 financial year after taking over from Mike Brown as Nedbank CEO. Quinn had been a contender for Absa CEO when Arrie Rautenbach got the job. In November 2023 it was announced that Quinn had resigned as group financial director of Absa Group and Absa Bank. On the same day, Nedbank announced that Quinn would replace Brown as CEO at the close of the Nedbank AGM on May 31 2024.
Wally Rhoode
A bad week for Wally Rhoode
Maj-Gen Wally Rhoode, head of presidential protection — a unit infamous for its blue-light brigades — has been involved in various controversies, among them the investigation of a mysterious hoard of dollars found in a couch at President Cyril Ramaphosa’s Phala Phala game farm and accusations of improper conduct. Last week he faced another: the acquittal by an internal panel of eight police officers belonging to his unit who were accused of assaulting civilians on the N1 highway. The bodyguards still face a criminal trial in June.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
A good week for Jason Quinn
The CEO is smiling all the way to the bank
A good week for Jason Quinn
Jason Quinn, who lost out on R60m in long-term incentives when he quit Absa to join Nedbank, has more than made up for it. It emerged last week that Quinn received total remuneration of R119.7m in the 2024 financial year after taking over from Mike Brown as Nedbank CEO. Quinn had been a contender for Absa CEO when Arrie Rautenbach got the job. In November 2023 it was announced that Quinn had resigned as group financial director of Absa Group and Absa Bank. On the same day, Nedbank announced that Quinn would replace Brown as CEO at the close of the Nedbank AGM on May 31 2024.
A bad week for Wally Rhoode
Maj-Gen Wally Rhoode, head of presidential protection — a unit infamous for its blue-light brigades — has been involved in various controversies, among them the investigation of a mysterious hoard of dollars found in a couch at President Cyril Ramaphosa’s Phala Phala game farm and accusations of improper conduct. Last week he faced another: the acquittal by an internal panel of eight police officers belonging to his unit who were accused of assaulting civilians on the N1 highway. The bodyguards still face a criminal trial in June.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.