Capitec Bank, South Africa’s biggest commercial bank by customer base, has increased salaries across its workforce to attract top talent and sustain its high-performance culture amid rising competition for skilled professionals in the financial sector. In its 2024 remuneration report, the Capitec Bank revealed a shift in employee pay scales over the past three years.

The telecom industry has been a major employer of labour in Africa, playing an essential role in the continent’s digital transformation. The sector has been experiencing a significant job deficit for years. However, a potential talent deficit of 300,00 qualified professionals is projected to occur by 2025.  For this report, data from multiple sources were