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BusinessLive reports that CEOs of the 11 parastatals in the Department of Transport have seen their combined salaries staying as high as R27m, despite the fact that the financial standing of most of those entities has worsened.
Amongst the 11 entities are the Passenger Rail Agency of SA (Prasa) and the SA National Roads Agency (Sanral). The CEOs enjoyed hundreds of thousands of rand in performance bonuses and other benefits. Yet, the department received a qualified audit from the auditor-general, who mentioned leadership deficiencies, uncertainty caused by litigation and procurement weakness in most of these entities. Democratic Alliance (DA) MP Manny de Freitas commented that increases to CEO salaries were "almost proportional" in that "worse the entity does the more the salary goes up". He is to submit a question to the minister to get more details on how the entities determined salaries.
- Read this report by Khulekani Magub in full at BusinessLive
Get other news reports at the SA Labour News home page