maneater

R10 mil for sitting at home? jerrrrrr!!!!!!!
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BaleliM

10M for doing nothing? Then how much do they pay for doing something?
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Phunyukabemphethe

SOEs that fall under his department do not receive increases until a proper remuneration policy is in place..
........................................................................................................................................................
Melusi Gigaba is a dictator like my uncle Pres Rob
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R18SN

i wish this Gama was my man staying at home woth me and making love then paid R10 m for that. i would then take my 30% share.
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TheNewFreedomFighter

As usual the ANC government has got it all wrong - AGAIN. Let's face it, and don't take this as though I support the likes of the R10 mil hand out to the executive, but the real issue here is that the ANC places so much energy in setting and monitoring KPI's for a handful of SOE's, when countless billions of Rand are spend on salaries every month to teachers (and other civil servants) that clearly have failed to deliver even the slightest bit of competence when you take the 2011 matric results into account.

Why waste your time on a few tens of millions when you are throwing away billions and in the process also throwing away the futures of hundreds of thousands of children every year?

This ANC government is clueless. Their policies have failed across the borad and they have no real solution to the problems in SA. They dabble here and dabble there as they squabble here and squabble there. They are just like a bunch of cowboys chasing after a heard that has run amok. They focus on one cow but yet 500 others have bolted. Stupid!

On Black Tuesday 2011 the ANC government became a fascist regime.
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maneater

@ TheNewFreedomFighter

you out of order comrade, Mr Gigaba is the minister of state enterprises and he is adressing the issues pertaining to his department. the issue of teachers need to be adressed to the education minister. fact is unless each minister does his bit ( which is what i think mr Gigaba is doing) then we are not going to win.
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Papage

Please guys, let us put money aside and start working, if we all deliver on what we promised, money matters will sort themselves later. we need to work and remove the Anger that is killing us.
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MorenaWaPolelo

I think Gigaba has got the point here this executives needs to achieve their KPI's before they can receive the bonuses. Also I think people must take Gigaba serious he does not only say he does!!!
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RobinH

WHat's up with this. The following comment was removed. What on earth is offensive in this: "Talk is easy. Just do it!".
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DJWinner

Noted......
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SeshegoGuY

My Former Boss-- Big-ups my brother

We have been writing Memos about this for a while now. Eskom, Transnet and that Loss making Denel's executive pay should be squeezed. They should focus on their KPIs

I fully support this Minister
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Socrates

Where was Gibaba when we needed people like him to question the exhorbitant pays of the CEO's, especially with the SOE's
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Makhosini0408

State owned enterprises are white elephants, waste of our tax payers money and most of the time, their CEOare clueless about a turn around strategy. When are we going to start taking Ministers to task, who are also clueless about contracts, labour issues. Blind leading the blind? We will always bail this State owned enterprises because they have become cash cows for comrades.
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Mosquer

Good morning.

Scripture of the day:Isaiah 9:6

"For to us a child is born, to us a son is given, and the government will be on his shoulders. And he will be called Wonderful Counselor, Mighty God, Everlasting Father, Prince of Peace."
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SebolaNtimetseAdikateMoketla

The last two paragraphs of this article refer

GIGABA- Didnt you know that all this time??

So you have been leading a Department, not knowing or not doing these things
Our time wasted

BABY MINISTERS WITH NO EXPERIENCE

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MorenaWaPolelo

@Makhosini0408
Your comments are like a pie hole chief totaly irrelevant to the article. Sit down chief!!
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Makhosini0408

@MorenaWaPolelo
Please indulge me or rather shall we say enlightens me.
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GrRRRpha

So if you want to curb, how does he invesage to attract the best competent CEO. R10 mil these are one of the things that infuriates the public into mass demostration. That's my bloody tax
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oldlady2

So many plans, so little action, while the taxpayer is being bled dry.
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tumzangwana

R10 mil paid to do nothing? ijoooo jah neh ................mzansi for sure.
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Makhosini0408

@MorenaWaPolelo
Maybe I hit a nerve when I said they have become cash cows for comrades. Lets do the maths, Former Rand Water CEO got more than R5 million in an out of court settlement, Dali Mpofo about R11 million. The list is endless. After all, our hard earned tax payers money is footing the bill. Having said that we need to aknowledge the contributions that Maria Ramos made at Transnet.
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Bombay_Mafia

When calculating their "BONUSES" they should first deduct the “GRANT” they get from the government, then the profits made out of that “GRANT”, then calculate their “thieving bonus”!










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FarCeSpotter

Good! We know anything you pay for an incompetent person is too much.

No worries ANC, we note how you have been conducting your business. Duly noted!
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majef

Viva comrade MK- (Malusi Kikaba)! You're a force to be reckoned now and FOREVER. You're a real proponent of corporate governance. You are cementing effective and proper leadership through the principle of moral foundation. Some of us value your objective opinion and will like to see you growing in the ranks of the movement. You are really not a toxic leader to this country and have the interest of this country at heart. I wish we could all see this and avoid being hypocrites when someone is doing the right thing for the benefit of everyone. Go comrade Go, you used to be the president of the youth league and why not aspire to be the future president of this country. You have all what it takes and criticism will build you and make you become a good leader who is NOT AFRAID TO MAKE UNPOPULAR DECISIONS to the benefit of this country. You're a custodian of corporate governance, hence they have given you the responsibility to run such a big portfolio that our economy is dependent on. Adherence to the Key Performance Indicators should be a rule and guiding principles to all executives because we cannot continue making SOE's milking cows. VIVA COMRADE MK!!!!!!!!!!!!!!!!!!!
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LaVidaLoca

talk, talk talk, talk, talk........DO IT
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Lekgowa

I agree with the Minister here. The executive of these SOE's pay themselves huge bonuses and the employees who deserve much for their effort get nothing at the end of the financial year.

Don't get me wrong but am working for one of the SOE and it is just like that and that need to be administered.

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MsKinkyakaKamaSutra

clamp down on the excessive payment of senior executives and board members of state-owned enterprises (SOEs).
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Not condoning what senior executives do but @Gigaba dont you think you should be examplary. Stop your extravagance by not following what is in the Ministereal Handbook and then you can start dictating, as it seems like ANC is resorting to draconian laws
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M'khaba

Eeeee Comrade! I Have this post for you....
.................................................................................
Job Spec: Sit and do nothing
Salary: 10mil
Bonus: 18% of annual salary
Benefits: Cell phone (R5000), Car, House, travell, Entertainment, holiday packages.

Suitable candidates:
Anyone who say "My Chief"
No knowledge of what they are talking about, but still elaborates on issues.

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TKay

I like this...hopefully it will br implemented - we have a lot of executives who are getting fat bonuses even though their companies are not meeting the required performances
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whiteminority

Money corrupts people, this world needs to end money created by AMERICA.
It is one big scam
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Sinudeity

For every R1 that the government spends on salaries, it spends 20c on service delivery.
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MommaC

Only in the government could you get a performance bonus for not being at work. If Transnet 'performed' so well without him then its pretty damn obvious that he is not worth his salary to start with.

I also can't figure out how one man can sit on that many boards and still run a business. There is no way that someone can give 100% of their attention when they are spread out that thinly. Some days I wonder if we only have 20 families in SA as there are only about 20 families who ever seem to be on these boards or getting tenders
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Sinudeity

whiteminority - In the 80's, Nixon scrapped the gold standard. Meaning that the Mericans could just print money, without having gold to back up the currency.

That is the biggest scam.
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T.C.T

is SOUTH AFRICA benefiting from corruption?
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Sinudeity

T.C.T - "is SOUTH AFRICA benefiting from corruption?"


Nope, corruption is stealing from South Africa.
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MommaC

T.C.T
is SOUTH AFRICA benefiting from corruption?


Well some are benefiting. The majority are becoming poorer because of it, but there are a connected few who seem to be benefiting very handsomely.
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zaco

zaco
WOW......GUYS!! ITS SOMEBODY SPECIAL'S BIRTHDAY
Lets sing together:

happy birthday to you,happy birthday to you,happy birthday to you,happy birthday to you,
o gole gole, o gole gole, o gole gole, o gole gole,
o gole *****,o gole *****,o gole *****,o gole *****,

hip-hip.....hoooooree,hip-hip.....hoooooree,hip-hip.....hoooooree,hip-hip.....hoooooree,hip-hip.....hoooooree,hip-hip.....hoooooree,hip-hip.....hoooooree,hip-hip.....hoooooree,


how old are u now, how young are you now, how old are u now, how young are you now


somebody sing along...........please!!


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The-Rothschilds

R10 million made up of tax payers money for sitting at home.

How does this in anyway help remove the legacy of apartheid?


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Mahungu

Our Tax goes to drain every year. Good aproach Mr Gigaba.
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MommaC

Sbali

No man boet. You are getting as irritating as the Mosque Man or the broken Tractor now. Enough with the cut and paste.
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WaitAMinute

Its too late and he will be reshuffled the moment he intends implementing this.
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Tsafendason

Thanks Gigabe for taking action, those who say this is just talk, maybe they should re-read the article as it clearly quotes teh minister saying "The decision we have taken is not to increase the remuneration of non-executive directors until we finalise our views on these.

"The same applies to the chief executives of the companies,"

So what do you mean its talk and you want action? you must go back to school and demand your change man.

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