Chairperson, I rise on behalf of the IFP to support this Amendment Bill, and wish to say that we trust that this kind of regulation of remuneration will be extended to those that head up our state-owned enterprises.
In the past, we have had - I have raised this with Minister Gigaba - some of the CEOs that were paid exorbitant salaries. That is why we got strikes, because ordinary people then compared their salaries, which were not even a millionth of what the CEOs earned, let alone the preferential shares and the pensions they get when they retire. I think it is good that the banks are looking at this and that there is a remuneration committee. We will support this Bill.