Fin24 reports that former acting CEO of the Passenger Rail Agency of SA (Prasa) Collins Letsoalo does not need to pay back any perks, remuneration or benefits accrued to him during his tenure at the state-owned entity.  

This was revealed former transport minister Dipuo Peters in response to a parliamentary question.  Peters was one of a number of ministers replaced in an overnight Cabinet reshuffle on 31 March.  She was responding on Monday to an outstanding question posed by the DA’s Chris Hunsinger in March who asked her to elaborate on Letsoalo’s secondment to Prasa.   Letsoalo was appointed as acting CEO in July 2016 and then removed from his position by the Prasa board following allegations that he hiked his own salary by 350%, from R1.7m to R5.9m a year.  The former transport minister dissolved the Prasa board on 8 March, citing governance problems and its treatment of Letsoalo.  In her response, Peters indicated that the Prasa board and Letsoalo had entered into an agreement that Prasa would pay him an annualised salary rate “applicable to the position”.

• Read this report by Liesl Peyper in full at Fin24

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