• Water shortage

    Climate-related consequences are raising food prices, joblessness, crime, and instability.

  • High food prices

    Mandi Smallhorne looks beyond the weather as the cause for rising food costs.

  • Sars Wars returns

    Allan Greenblo looks at the leadership concerns around the 'Twin Peaks' regulatory model.

All data is delayed
Loading...
See More

Minister slates big bonuses

Feb 16 2011 18:35
Sapa
Cape Town - Science and Technology Minister Naledi Pandor stepped outside her portfolio on Wednesday to criticise what she called the "huge bonuses" paid to South African bosses.

Speaking at the end of a two-day debate in the National Assembly on last week's state-of-the-nation address, she also warned against "union bashing" by opposition MPs.

"One of the most horrifying aspects of the debate was the union bashing we sat through yesterday.... [It] suggests some of us are lesser democrats than we claim to be.

"Even more distressing, is the fact that bonus payments in America and Europe were criticised, while nothing was said about South African bosses who pay themselves huge bonuses when they have shop floor workers who earn a pittance.

"In fact, very little was said about the inequality of wages in South Africa - it seems some believe we can have economic growth and poverty reduction through the favoured flexibility of impoverished workers who have no security and cannot alter their conditions of poverty."

The ANC could not accept this, Pandor said.

Her remarks were greeted with loud applause from ANC benches, and heckling from opposition MPs.

naledi pandor  |  national assembly  |  bonuses

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
41 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The regulation of WhatsApp and other OTTs is:

Previous results · Suggest a vote

Loading...