https://www.engineeringnews.co.za

Brown outlines State company board costs

Public Enterprises Minister Lynne Brown

Public Enterprises Minister Lynne Brown

Photo by Duane Daws

21st October 2014

By: Creamer Media Reporter

  

Font size: - +

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

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.

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.

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.

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.055 0.11s - 139pq - 4rq
Subscribe Now