Fin24

Minister slates big bonuses

2011-02-16 18:35

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.

Comments
  • Igor - 2011-02-16 18:41

    When can we expect a drop in your salary and benefits, minister?

  • Naledi's cousin - 2011-02-16 18:42

    You tell them, Minister Pandor!!!! It is the same with these spendthrift government officials and ministers who drive cars that cost more than what the average South African citizen will earn in a lifetime. Despicable!!!!!!

  • lilian - 2011-02-16 18:44

    Excuse me but bosses WORK for their wages and bonuses. What do our ministers and MP's do for theirs? THEY earn far too much!

  • Raymond - 2011-02-16 19:04

    I wonder if the same goes for state and semi state managers, like municipal managers and ministers? The relationship is far worse there that in the private sector Sort it out in the goverment first...and then worry about the private sector.

  • ntokozoe - 2011-02-16 19:04

    Fair enough, im pissed of with the DA for pretending to be democrats whre in they seek to gain the black man's vote to bring back apartheid. DA and other white extremist complain about the labour laws that r biting, yet the same laws helped the HIV employer who was dismissed coz he was HIV positive. The is demonstrative that white people who rule the private sector want the laws to be infavour of unfair labour practice. they want to dismiss employers like they used to do in the old doomed days. pathetic.

  • Ravensqarr - 2011-02-16 19:48

    A saying not heard enough nowadays: "Do not point your finger, for if you look closely at your hand then three fingers point back at you" I fully agree about the pitance payed to staff whilst the bosses get overmuch. But this is also prevalent in our government. Did everyone forget the minister-car saga? How much does Minister Pandor earn comparative to lower workers even in her own ministry? Guide us with your own actions.

  • el - 2011-02-16 19:54

    So lets turn the tables. Why do government officials get such high salaries and allowed to drive > R750 000 cars and stay in lavish houses and benefit from tenders ect, but the majority of South Africans suffer to get employment, millions do not have food on the table. The president gives false hope in advicating that many jobs will be created. His speech was like a salesman trying to sell a car, not telling the whole truth........

  • Benzo - 2011-02-16 20:16

    The answer is simple. Link highest pay to lowest pay within an economically active unit while restricting SA tax deductions for remunerations to non-residents. SA New Economics (SANE) has been promoting this for years. Politically difficult to get through as it would have to be equally applied to civil servants and parliamentarians.

  • Fly on the wall - 2011-02-16 20:38

    So why don't you pick up the phone and call the PIC /GEPF, your very own cadres. In other words stop blaming others and start looking inwards, the Govt of the day is failing its own people, you have the means to hold CEO's to account.

  • rina - 2011-02-16 20:43

    Do you mean the big ANC shots at Transnet,Sabc,Telkom,Sasol,SAA and others Ms. Pandor?

  • croix - 2011-02-16 21:06

    The audacity of this woman! She is the last to talk about 'huge (salaries) bonuses' - at least most 'bosses' can DO THEIR JOBS. What about the total failure of ministers and heads of departments, etc, etc, to do their jobs properly AND still feel they deserve the huge salaries, flashy cars, perks and 'bonuses' whilst the poor don't even have safe water? Shut up and go back into exile.

  • PeterM - 2011-02-16 21:08

    While agreeing with her stance it would be nice if her & her cronies practiced what they preached!!

  • GF.A - 2011-02-16 21:16

    Is it not strange that many of the recipients of bonuses paid out to executives go to the ruling partie's cadres who are deployed to these positions. Seems rather disengenuous that that the ruling party politicians applaud this statement...

  • marx - 2011-02-16 21:19

    big bonuses paid for nondelivery & gross incompetence,sounds like government is leading the way.

  • Punk27 - 2011-02-16 21:38

    Mmmmm ... a bit of "the pot calling he kettle black" there Mrs. Pandor. Maybe the ANC needs to review the exhorbitant salaries paid to government and municipal officials, nevermind BEE bosses!

  • What a laugh - 2011-02-16 21:43

    Heavens did she take into account her own salary and that of her counterparts and then compared that down the line to the workers. Its those same bosses she alludes to that allows her own salary being paid via taxes and the like. Take a drop yourself madam and look inward before you play the part as its seriously not fitting......where were you when the teachers were being so badly paid and did it change????????? LOOK INWARD LOOK INWARD

  • Philip - 2011-02-16 21:48

    And what about the huge bonuses and salaries ANC politicians and upper echelon government workers are paid?

  • JONNNO - 2011-02-16 22:32

    here we go again. another incompetent minister making an idiotic comment. the entrepeneurs and BOD at the top make the bucs, BECAUSE they provide jobs to thousands/ millions. rather clean the laundry by eradicating nepotism, corruption and incompetence in parastatals (think R40billion armsdeal etc...) think of massive salaries and dismissal penalties to cronies... Sort out your own house first minister

  • cvdm - 2011-02-17 06:31

    Fantastic! The more they earn,the more TAX they pay and with the little they have left, they can affort to pay the toll fees, the high electricity cost, private hospitals, security services, private schools, the salaries of those work in the Johannesburg Billing & Revenue Department, as a matter of fact, they pay for everything, includng the minister's salary.

  • T Africa - 2011-02-17 07:13

    Election time we hear all this nice words about this and that, wait until the electioin dates. Service delivery under the carpet and nepotism start all over again new mangers in place.

  • Cheryl - 2011-02-17 07:49

    And this from a miniister earning serious big bucks from my taxes .... this the ANC can obviously accept. Just can't accept someone actually working for big bucks, rught?

  • William - 2011-02-17 07:58

    okay, when he dropped his bonus I will do the same to mine.

  • WIlliam - 2011-02-17 08:00

    @ ntokozoe... Your argument that the DA wants to bring back Apartheid is pathetic... Did your chief thell you to say that?

  • Grant - 2011-02-17 08:31

    What an idiot. If it wasn't for the outrageous labour laws, such huge bonuses wouldn't be needed to entice the businessmen to do business in South Africa. It's about time the government woke up and toned down the communist/socialist stance and did something for the employer. Maybe the millions of jobs could be created.

  • Theo - 2011-02-17 08:33

    Take you own advice minister

  • john - 2011-02-17 08:40

    This minister was in the UK welfare system for a good part of her life and education.She basically came back to Souyh Africa without a clue on the economy of this country and thinks that we have the same capital clout that can afford a bloated beaurocracy as they have in Europe that gets paid well for no work,exactly what she is doing now.The private sector bosses are the people that take the risks,do the planning,manage efficiently,employ people spend a lot of time not getting overtime at their workplaces trying to keep a business afloat in a country plagued with corruption a government that has no idea how to generate or thriftly spend money from a dwindling tax base.So its their business literally and figurativly how they spend their OWN money not waste other peoples money and lead a productive lifestyle unlike the freeloaders in government

  • Paul - 2011-02-17 08:42

    The last time I read more than 50% of the SA Fiscus was allocated to paying Politicians! I do believe though that bonuses paid to CEO should be looked into, limited in specific situations. The government should not be focusing on creating jobs themselves but rather creating an environment condusive to business and competition.

  • Hans - 2011-02-17 08:44

    In the private sector you get a huge bonus if you successful, you get fired if you're a loser. In the public service, you get a bonus irrespective and if you're really useless, they give you an ambassadors job. The non-contributing pension scheme for MPs & MPCs is the best in the world.

  • lizzy - 2011-02-17 09:05

    WOW! This from the person who singlehandedly wrecked the South African educational system? Is there such a thing as "self-satire"?

  • Brendan - 2011-02-17 09:09

    Minister you can have it both ways, if company bosses must be critersised then so should the ministers for getting massive salaries for doing nothing but messing up government departments spending public money and nothing to show for it

  • LEIGH - 2011-02-17 09:23

    So one can assume that this starts with the Parastatals like EishCon and SAA etc etc where Cadre's who add no value to the economy pay themselves HUUUUUUUGGGEEE bonuses .. as well as all those Government Ministers who drive big fat Mercedes and BMW's etc etc .... Clean up your own house first Minister !!!

  • Jo de Stille - 2011-02-17 09:44

    Why are people always so negative? Do not crucify the minister for talking sense - she probably meant to include parastatals and government in her statement, otherwise it would be just nonsesical. It is high time somebody said something about the culture of greed wrecking our economy.

  • TheOne - 2011-02-17 11:12

    Government should be 1st to curt salaries and benefits. After all, they do no work, play racist games and make life misrable for all (like toll fees, increasing costs of living, and a lot more). Vote for a worse life for all, except themselves of course.

  • Shrek - 2011-02-17 11:21

    @ Ntokozoe...Sissie, I cen tell you are not very intelligent. Never mind, god had to create some stupid people....he choose you and Malema. Anyway sissie, Pandor is complaining about the ANC appointed CEO's in parastatals earning hugh salaries.

  • J Maree - 2011-02-17 13:13

    I earn more in one day than most people earn in a year

  • Andy Capp - 2011-02-17 14:40

    I have the solution!. Lets become a piss poor communist country like Cuba!. Then we can all be poor and miserable. Then minister, you would earn about $1000 usd per month. No fancy car, no body guards, fancy expensive overseas trips, and all the other incomes you won’t tell us about.... . You, minister, still don’t get it; you are in cloud coo coo land. If big bonuses weren’t paid, would the poor get any richer?. hmm.. Let me see

  • J Maree - 2011-02-17 15:06

    And I'm hanging on longer than Mugabe!

  • JohnJ - 2011-02-18 07:15

    Bonusses in private sector are paid for achievement in terms of contractual undertakings. So in order to qualify for the bonus, the executive has to produce more profits, which means more tax to be paid, which means more for ministers etc on the gravy train. A R 9m bonus means about R3,6m in taxes, which would pay for both of useless Sephiwe Nyanda's BMW's plus a few other cars!!!!! Go on Pandor, show you really mean what you say and ask for a pay cut!!!

  • @ntokozoe - 2011-02-18 13:43

    Im not sure where you get your intel from but I highly doubt the DA are for the apartheid . Firstly the DA where never responsible for the apartheid and secondly the ANC have already brought apartheid back. There is still racial segregation in SA more than any other country. Ntokozoe what you dont understand is that your labour laws is whats stopping job creation in its tracks. Why would I want to start a business if I had to employ people in our strict labour conditions. Its far less stressful to work for big company or in another country. Now if they had to make it easier for an employer there would be more jobs - make sense???

  • Albie - 2011-02-18 14:28

    Just shows how bad our education system is when ministers dont have a clue! These bonuses are paid to people who create Jobs and manage the economy. Politicians however are consumers only and create chaos through promises only the private sector can meet. As a business the ANC would have been liquidated yrs ago! Assist business with enabling legislation and let us run it. We create jobs, not legislation!

  • Neal - 2011-02-18 17:29

    I am amazed that we would rather attack a "messenger" than the party. It is called electioneering, and is another small part of the ANC's "big" picture to scam citizens (I can't call them Organised labour as most are unemployed) into voting for it again.

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