Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg -
Former Vodacom chief executive Alan Knott-Craig on Sunday denied
being paid R1m per month by cellular network operator
Vodacom.
He admitted to having an agreement with Vodacom but denied that
his retainer was R1 million.
"Whilst I cannot disclose my remuneration, my before tax
monthly remuneration is significantly less than half (a) R1m," Knott-Craig said in a statement.
"I have a two-year agreement to render services to the Vodacom
Group CEO personally, which also restrains me from working in South
Africa," he said.
He was responding to allegations in the Sunday Times that
Vodacom had paid him R1m per month as a retainer from March
last year.
The publication alleged that Vodacom never disclosed the payment
to shareholders, which included the South African government.
"This agreement prohibits me from working in any way for any
company in the ICT (information and communication technology)
industry in South Africa, and in effect totally prohibits me from
seeking employment in my field of expertise," said Knott-Craig,
adding that he paid his own travel and office expenses.
- Sapa