satawu thumb medium90 101The Star reports that the SA Transport and Allied Workers’ Union (Satawu) has slammed state-owned transport, freight and logistics company Transnet’s decision to pay over R24 million to two former executives - despite them having been suspended earlier this year.  

Ravi Nair, former Transnet Freight Rail chief executive, and former group chief operations officer Mlamuli Buthelezi were paid R12.5m and R11.5m respectively when they resigned from the entity, following their suspensions in March this year.  Transnet has described the payments as a “settlement in respect of service termination, included in other payments,” according to its annual financial statements for the 2018/19 financial year.  The payments were on top of Buthelezi’s annual salary of over R5.2m and R806,000 for Nair in the 12 months to 31 March.  Satawu expressed shock at the payments to the two with general secretary Jack Mazibuko indicating that the information on the payments to the pair was never disclosed to the union or to fellow union Untu when they met Transnet’s acting chief executive, Mohammed Mahomedy two weeks ago.  “Had we been aware, we would have raised our concerns at that meeting and taken the company to task,” Mazibuko said.  According to Mazibuko, workers were told no incentives would be paid due to Transnet’s poor performance.

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