This article in Business Report shows that our reserve bank governor walks the talk - well done Tito.
South African Reserve Bank Governor Tito Mboweni received a 4.5 percent pay increase in the last fiscal year, the mid-point of the inflation target set by the National Treasury.
Mboweni was paid R2,83-million in the year
ended March 31, up from R2,71-million a year earlier, the
central bank said in its annual report, published on its Website
South Africa's inflation rate rose to an annual 4.8 percent
in June from 4.1 percent in May. Mboweni in September 2003 asked the central bank's remuneration committee to peg his and his deputy governors' pay increases to the mid-point of the 3 percent to 6 percent inflation target.