Data provided by iNet BFA
Loading...
See More

Sanral boss gets R1m salary bump - report

Sep 14 2013 11:05

(http://www.shutterstock.com)

Related Articles

Sanral appeal in toll tender succeeds

E-tolls delay chokes Sanral's ratings

Sanral knew people opposed e-tolls - DA

Sanral: Aarto won't be used for e-toll fines

Sanral to spend R85m on e-toll ads

Downgrade pains us, says Sanral

 
Johannesburg - SA National Roads Agency Limited (Sanral) CEO Nazir Alli's salary package has increased by R1.1m compared to the previous financial year, Beeld reported on Saturday.

According to the report, Alli presently received a total package of R3.061m and a bonus payment of R679 000.

In 2012, his total package was R1.919m excluding bonuses, according to Sanral's yearly statements published this week.

Sanral received an unqualified audit, however the auditor general warned that the group's situation needed to be watched.

The AG said because of a R5.7bn cash injection from government, Sanral was no longer a concern, Beeld reported.

Sanral's balance sheet indicated it had an accumulated loss of R4.7bn.

Sanral spokesperson Vusi Mona told the newspaper the company was not in trouble financially.

He said roads that were not tolled were financed by the Treasury and Sanral received about R10bn from government for them annually.

sanral  |  nazir alli
NEXT ON FIN24X

 
 
 

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
80 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Savings survey not realistic

Fin24 readers respond to an in-house survey, which found that 60% of readers were confident that they would be financially comfortable in their retirement.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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