https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

2

Brown outlines State company board costs

Public Enterprises Minister Lynne Brown
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

21st October 2014

By: Creamer Media Reporter

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

  • Miniter Brown's official Parliamentary Response to Mr E J Marais (DA)
    Download
    0.10 MB
Sponsored by

Public Enterprises Minister Lynne Brown has released details of the remuneration of the chairpersons and nonexecutive directors of the various State-owned company boards falling under her Ministry.

The remuneration costs, a PDF of which is attached, are based on figures published by the companies as of March 31, 2014.

Advertisement

The tables show that Eskom chairperson Zola Tsotsi receives the highest yearly remuneration of over R1.7-million, while the utility’s 12-person-strong board is also the most costly to maintain at over R7-million a year.

It is followed by Transnet’s board, which costs R6.7-million a year, and South African Airways at R5.8-million.

Advertisement

Surprisingly, Alexkor chairperson Rafique Bagus’ total cost to company, at R1.2-million, is higher than that of Transnet’s Mafika Mkwanazi, who costs the freight logistics group just over R1-million a year.

But Mkwanazi also sits on the Eskom board where his cost to company is R493 000 a year.

Details are also provided for the costs associated with maintaining the boards at Denel, Safcol, South African Express and Broadband Infraco.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now