It’s been circulated that Former SABC COO, Hlaudi Motsoeneng has again, gained a massive salary increase from the South African Broadcasting Corporation.
BuzzSouthAfrica gathered that Mr Motsoeneng’s salary was increased by almost half a million. And, is the highest paid executive at the broadcasting corporation.
As contained in SABC’s annual report which was released yesterday, Motsoeneng as SABC COO was paid more than the Chief Executive Officer.
His basic salary was R2,550,000. He received commissions amounting to R213,000 where as other allowances totaled R945,000.
Validating the circulating reports, the Democratic Alliance (DA) party divulged that Motsoeneng’s salary was increased from R3,784,000 to R4,197,000 during the 2015/16 financial year.
The opposition party pointed-out that the increase is outrageous and above the almost R1 million increase he received during the 2014/15 financial year.
“The further increase in Motsoeneng’s salary is a slap in the face of South Africa’s public, the courts, civil society and Parliament,” DA stated.
Thus, the party will be requesting that an investigation into why and how Motsoeneng’s salary was increased, be included in the parliamentary inquiry into the SABC.
BuzzSouthAfrica reported yesterday that the monetary figures of SABC’s 2015/2016 financial statement are on the heartbreaking side.
The public broadcaster’s acting CEO, James Aguma presented the corporation’s financial report in Auckland Park disclosing SABC bagged a loss of R411 million for the 2015/16 financial year.
Among other things, factors that contributed to the loss include consulting fees which doubled to R80 million.
Aside that, SABC recorded material losses due to unauthorized, fruitless and wasteful expenditure. It climbed from R58 million to R92 million. R19 million thereof, was caused by recruitment where proper processes were not followed.
The financial report also indicated that the total unauthorized, fruitless and wasteful expenditure losses in cluded an increase in payments without contracts from R13 million to R40 million.