Standard Bank and Absa have increased their minimum pay for employees, but both lenders still fall short of the entry-level salaries offered by Investec, which continues to record the highest minimum pay among South Africas major banks.
From March and April 2026, the lowest-paid employees at Standard Bank and Absa will earn more than R21 000 per month, marking another increase in entry-level salaries at both banks after pay hikes in 2025 .
It seems to be the norm for the countrys major banks to have their minimum pay above R200000 per annum. However, this is not the case at Capitec Bank, as it has the lowest minimum pay among major banks.
