Fin24

Report: 'R100k per meeting'

2012-08-26 11:47

Johannesburg - Two chairmen of state-owned enterprises are earning more than R100 000 a meeting, according to a report on Sunday.

Transnet chairman Mafika Mkhwanazi was paid R1m for presiding over eight board meetings, reported the Sunday Times.

His Eskom counterpart, Zola Tsotsi, earned R908 000 in the last financial year for the eight board meetings he chaired.

This is according to information contained in the latest annual reports by the two companies, said the Sunday Times.

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Comments
  • hermann.hanekom - 2012-08-26 11:54

    Absolutely disgusting and we, the consumer, must cough up to make the selected few rich.

      ike.jakson - 2012-08-26 13:44

      Where are we heading? How much more of this can we take before we sink?

      amanda.victor.92 - 2012-08-27 09:24

      @Alician - Mandela has stolen his fair share too. Stop with this hero mentality. He kicked the whole thing off.

      denis.dendrinos - 2012-08-27 11:42

      Maseko - are you referring to the white people in government parastatels (the very very few that there are) or the ones in private companies - you know - where tax payers money isn't used and are NOT being squandered?

  • Dylan Dillboy Allison - 2012-08-26 12:22

    Wait... I've seen this before... It's the snouts in the trough syndrome again! No, this never happens in SOE's here... Nah never... Get your fat snouts clamped up you greedy pigs!

  • larry.piggott1 - 2012-08-26 12:24

    I bet he is well set in the ANC?

  • jimmy.kawa.1 - 2012-08-26 12:28

    and eskom wants to increase their tariffs? there is so much fat that can be trimmed from these idiots. who do these people think they are getting paid to go to meetings. they are salaried employees of their companies and are expected to attend these meetings as part of their job.

      wesley.bischoff - 2012-08-27 09:24

      Exactly! What have they done to deserve that kind of money? Clearly not from sorting out their crisis which they failed to make a plan for. Morons

  • wouter.basson.5 - 2012-08-26 12:45

    WTF???

  • helmut.smrz - 2012-08-26 13:04

    The A...H... vote for them so there deserve to be robbed blind by the so called elite

  • hendrikvs - 2012-08-26 13:29

    Hulle sal nooit ophou steel nie!

  • George - 2012-08-26 13:31

    No problem with good remuneration. However, there must be corresponding excellence in results. So in both cases will the chairmen return the money, leave the chairs behind, and get the hell out of town. Thanks

  • boltonbarry - 2012-08-26 13:32

    Zola Tsotsi you bloody Tsotsi agent

  • robin.stobbs.9 - 2012-08-26 13:51

    They don't EARN this - they simply get paid it for polishing a chair seat.

  • mabotja2 - 2012-08-26 13:54

    Amazing ,R100K to chair a meeting for day ,Marikana miners earns mere R4k/month , police must arrest this criminals.

  • desmond.webster - 2012-08-26 14:09

    Surely attending Board Meeting is a function of The Chairman of the Board. One of these days they will get paid extra just for turning up at the office.Can you also feel the icy breeze coming off the Titanic.

  • andre.rabie3 - 2012-08-26 15:24

    What is happening is the Rich get Richer and the poor get poorer, this is how it works in Africa and with dictarship, this just shows where we are going to end, very very poor!!!!!!!!!!!!!

  • sello.molekwa.1 - 2012-08-26 17:29

    And we blame miners when they demand that same R100K PER YEAR.

  • jacques.stander - 2012-08-26 17:54

    How is this even legal !!!!!! ? What can possibly justify such an amount of money?they are nothing but thiefs!!

  • alison.l.muller - 2012-08-26 18:13

    Gotlapina!!! No wonder nothing ever gets beyond meetings ....

  • pieter.steyn.984 - 2012-08-26 19:10

    Keep in mind that Mkwanazi is also Chairman of the Eskom Board Tender Committee; the remuneration of which is not a pittance, but not mentioned? Interesting is the agenda these two [?] drives in terms of transformation. Look at the latest Eskom tender advertisements i.t.o. BEE and set-asides AS WELL AS THE RIGHT TO CHANGE TENDER OUTCOMES (after a fair, transparent and auditable evaluation process) TO SUIT THE GOVERNMENT'S TRANSFORMATION TARGETS! We are in fact paying fat cats to pursue a racist agenda to suit them and their cohorts. Eskom Chairman have you ever declared your interest via subsidiaries in Steinmuller, the largest [by value]Eskom subcontractor on boiler maintenance? Obviously not as you do not sit on the Board Tender Committee and you do not have any influence on the latter's decisions! Bull - dust, as the balance of the Board and Eskom Exco members are there at the behest of the Minister and you! What we have is a bankrupt Eskom Board perpetuating the views of Luthuli House with a singular objective of leveraging Eskom as a State Owned Company to get rid of whites in Eskom [the loss of tacit knowledge does not matter]and using Eskom and its present procurement power as a sledge hammer to pursue a blacks only agenda, irrespective. I cry for you Eskom, having served you for so many years and you having looked after me, culminating in a very senior position, albeit white.

  • anthony.kay.965 - 2012-08-26 19:35

    This has to stop. What do they think they are doing? This is theft, and they should go to jail. PRONTO. The zuma regime can't get it right. Thieves upon thieves are exposed daily. Where is those thieves come from? There is is no excuse mr president. In your watch, we see the biggest thefts this country has ever seen. Electricity has gone through the roof, and that idiot thinks we can not do without him. Fire them mr zuma, if you want to gain some respect, because you have nothing left.

  • johnnie.vercuil - 2012-08-26 19:36

    Who in hell gave permission for these people to get these amounts of money. What does the Government do about this wasting of money. There are thousands of unemployed grade 2 and 3 people walking the streets who would do the job for a tenth of that salary.

  • KCorsar - 2012-08-26 20:21

    Mafi(k)a and Tsotsi ---Mmm very apt names indeed :) Actually a complete joke, they are using global parastatal comparatives as the yard stick. Apart from sitting as Board Chair, what other value do they add to the SOE? Unlike their private sector counterparts, who are regularly in the media, I have NEVER heard a single comment from either of these two. Its wrong, fees in SOE's should be fixed and related to company performance; as serving on the Board of an SOE is as good as being a civil servant.

  • aiazmir - 2012-08-26 22:24

    I can't imagine what contribution one must make to a meeting, or what glowing wisdom one should have to earn these extravagant amounts for chairing a meeting. If one of them could actually contribute a similar amount, or more, which is the whole purpose of paying them their attendance fee, in value (which I doubt). One can only draw the conclusion that is another way that the ANC pays its cadres for support. Unfortunately, their major support comes from the poor and defenceless, who thankfully are seeing that the empty promises of the ANC only have value to those politically connected and at the expense of the poor.

  • jannie.debeer - 2012-08-27 08:17

    Calm down. These board members dont arrive like croupiers and deal cards. There is a stack of background work, pre-meeting, sub-committee meetings, analysis and other work that needs to be done before a board meeting. The board meetings are a culmanation of this work. Strategic and operational decisions of this magnitude takes dedication and attention. Pay them to do a good job. If not, axe them. Currently, I favour the latter.

  • Michael - 2012-08-27 09:10

    Our government is just a bunch of thieves. Plain and simple. Worse than the scum who smash car windows, at least some of them can claim poverty. Members of government and their pals live the high life, constantly on the lookout for more ways to steal from the poor and/or hardworking citizenry. It makes me want to puke.

  • wo0two0t - 2012-08-27 10:22

    Here I thought Eskom had no extra money??? "His Eskom counterpart, Zola Tsotsi, earned R908 000 in the last financial year for the eight board meetings"

  • tshepo.ally - 2012-08-27 14:44

    LOL SA.

  • sibs.dlamini.1 - 2012-08-29 18:04

    Ridiculous. It just shows that these people are not in touch with reality. Sies

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