STATE-OWNED companies have challenged a decision by government to freeze pay increases for chief executives and senior executives and a similar freeze on increasing attendance fees for board members of these entities.
Give Minister Gigaba a Bells, if these incompetent fat cats dont like it let them go to private enterprises and fail there. Eskom, Denel, Telkom, with the exception of transet they have all failed and neither deserve any increase. Report Abuse
Apr 25, 2012
RobinH
I fully support the moratorium on the excessive salaries these appointed cousins award themselves, BUT I feel that our parliamentarians are quick to advocate such things whilst being even quicker to vote themselves bigger and bigger increases every year. To me the salaries (and the most unbelievable perks and privileges) that our parliamentarians command is virtually criminal. Report Abuse
Apr 25, 2012
MommaC
We live in a freee world. They have to keep firmly in mind that the competent people are constantly being headhunted so the salaries in SA have got to be in line with those from other countries. They also have to keep in mind that having the head office in SA is very much a changeable decision for large corporations. Report Abuse
Apr 25, 2012
Sinudeity
"a review of executive pay at state-owned companies - had not gone down well with executives and board members of these entities."
MommaC - If only the parastatals would hire said 'competent people', instead of these deployees. Report Abuse
Apr 25, 2012
MommaC
Sinudeity
That, unfortunately, is the crux of the problem.
If you are prepared to pay for a Graham McKay or a Jeff Bezos, then at least get someone of that calibre. Report Abuse
Apr 25, 2012
Sinudeity
MommaC - These dudes currently earn more money than most directors in South Africa. Report Abuse
Apr 25, 2012
MommaC
Sinudeity
You get what you pay for.
Both of them also make most of their money from share profits. Makes for a good incentive to do the job right Report Abuse
Apr 25, 2012
Sinudeity
MommaC - "You get what you pay for."
In that case, we are overpaying the dudes. Report Abuse
Apr 25, 2012
MommaC
Sinudeity
If some of them were paying us, we'd still be getting short changed :( Report Abuse
Apr 25, 2012
Maratachelete
I must say,our government is screwing us from all levels,we pay high electricity tariffs and the top dogs benefit from our sweat.We pay for criminals to lead lavish lives in prisons,with DSTV's that we can't even afford ourselves.So much for a 'better life for all'. Report Abuse
Apr 25, 2012
JahNeh
They are already over paid! If they're not happy, let them dust their CV and go look somewhere else. Report Abuse
Apr 25, 2012
TDK
Common guys, why only employees of these entities are the ones getting higher salaries than the rest of govt employees? Safa officials award themselves millions. If we perform more we must be paid more thousands as well. Report Abuse
Apr 25, 2012
RobinH
And I have just read on another site that King Mswat III has given himself a jet for his birthday. Can you believe it. The country is starving but the maiden-dazzled king buys a plane!!! Report Abuse
Apr 25, 2012
Oshmax
I would also complain if my package was only 50% higher than the equivalent in the private sector, with the only risk ,,, being caught doing something lucrative but illegal. Report Abuse
Apr 25, 2012
Oshmax
RobinH
You are naive. Its the same all over. Our pres has two jets ,goodness knows how many motorcars, the Aurora directors allegedly stole the mine blind, making people destitute, Mobutu destroyed a whole country building his riches, hello Bob etc...
Where have you been? this is not something extraordinary. Our leaders do this all the time. Report Abuse
Apr 26, 2012
RobinH
Oshmax: My dear Sir. I am far from naive. The fact that leaders all over do the same thing does not make it right at all. It simply shows that leaders all over abuse the resourcers of their country. If you're fine with that, then so be it, but don't call me stupid for pointing out the abuse to a people already conned into being blind followers of conscienceless conmen. From your first comment it seems as though you would fit right into that mould and all strngth to you. But don't for a second think it is acceptable. Report Abuse
Apr 30, 2012
Nzwere
RobinH
Oshmax: My dear Sir. I am far from naive. The fact that leaders all over do the same thing does not make it right at all. It simply shows that leaders all over abuse the resourcers of their country. If you're fine with that, then so be it, but don't call me stupid for pointing out the abuse to a people already conned into being blind followers of conscienceless conmen. From your first comment it seems as though you would fit right into that mould and all strngth to you. But don't for a second think it is acceptable.
=========================
I am with you on this one RobinH... Report Abuse
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Comments
maneater
Give Minister Gigaba a Bells, if these incompetent fat cats dont like it let them go to private enterprises and fail there. Eskom, Denel, Telkom, with the exception of transet they have all failed and neither deserve any increase.Report Abuse
RobinH
I fully support the moratorium on the excessive salaries these appointed cousins award themselves, BUT I feel that our parliamentarians are quick to advocate such things whilst being even quicker to vote themselves bigger and bigger increases every year. To me the salaries (and the most unbelievable perks and privileges) that our parliamentarians command is virtually criminal.Report Abuse
MommaC
We live in a freee world. They have to keep firmly in mind that the competent people are constantly being headhunted so the salaries in SA have got to be in line with those from other countries. They also have to keep in mind that having the head office in SA is very much a changeable decision for large corporations.Report Abuse
Sinudeity
"a review of executive pay at state-owned companies - had not gone down well with executives and board members of these entities."LOL
Report Abuse
Sinudeity
MommaC - If only the parastatals would hire said 'competent people', instead of these deployees.Report Abuse
MommaC
SinudeityThat, unfortunately, is the crux of the problem.
If you are prepared to pay for a Graham McKay or a Jeff Bezos, then at least get someone of that calibre.
Report Abuse
Sinudeity
MommaC - These dudes currently earn more money than most directors in South Africa.Report Abuse
MommaC
SinudeityYou get what you pay for.
Both of them also make most of their money from share profits. Makes for a good incentive to do the job right
Report Abuse
Sinudeity
MommaC - "You get what you pay for."In that case, we are overpaying the dudes.
Report Abuse
MommaC
SinudeityIf some of them were paying us, we'd still be getting short changed :(
Report Abuse
Maratachelete
I must say,our government is screwing us from all levels,we pay high electricity tariffs and the top dogs benefit from our sweat.We pay for criminals to lead lavish lives in prisons,with DSTV's that we can't even afford ourselves.So much for a 'better life for all'.Report Abuse
JahNeh
They are already over paid! If they're not happy, let them dust their CV and go look somewhere else.Report Abuse
TDK
Common guys, why only employees of these entities are the ones getting higher salaries than the rest of govt employees? Safa officials award themselves millions. If we perform more we must be paid more thousands as well.Report Abuse
RobinH
And I have just read on another site that King Mswat III has given himself a jet for his birthday. Can you believe it. The country is starving but the maiden-dazzled king buys a plane!!!Report Abuse
Oshmax
I would also complain if my package was only 50% higher than the equivalent in the private sector, with the only risk ,,, being caught doing something lucrative but illegal.Report Abuse
Oshmax
RobinHYou are naive. Its the same all over. Our pres has two jets ,goodness knows how many motorcars, the Aurora directors allegedly stole the mine blind, making people destitute, Mobutu destroyed a whole country building his riches, hello Bob etc...
Where have you been? this is not something extraordinary. Our leaders do this all the time.
Report Abuse
RobinH
Oshmax: My dear Sir. I am far from naive. The fact that leaders all over do the same thing does not make it right at all. It simply shows that leaders all over abuse the resourcers of their country. If you're fine with that, then so be it, but don't call me stupid for pointing out the abuse to a people already conned into being blind followers of conscienceless conmen. From your first comment it seems as though you would fit right into that mould and all strngth to you. But don't for a second think it is acceptable.Report Abuse
Nzwere
RobinHOshmax: My dear Sir. I am far from naive. The fact that leaders all over do the same thing does not make it right at all. It simply shows that leaders all over abuse the resourcers of their country. If you're fine with that, then so be it, but don't call me stupid for pointing out the abuse to a people already conned into being blind followers of conscienceless conmen. From your first comment it seems as though you would fit right into that mould and all strngth to you. But don't for a second think it is acceptable.
=========================
I am with you on this one RobinH...
Report Abuse
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