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http://www.fin24.com/articles/default/display_article.aspx?ArticleId=1518-24_2562604
Highlights:
May 2007 he was paid R3 850 000.
His salary rapidly increased with a raise that October of 7% to R4 119 500.
April 2008 he got another 15.31% increase – the median of the market, according to Hogan – taking him to R4 750 000
Then again in October when the company pays everyone annual increases he was paid another 8.84%, taking him to R5 170 000.
But bizarrely she lists the first bonus Maroga received as a short-term incentive bonus of R1 103 000. It was allocated in March 2007 – a full month or more before he was actually officially appointed, although he was made CEO-designate in February.
So what does this do for us now? He was paid handsomely for running a company into the ground, he and those who knew what was happening should be arrested for Fraud – it is fraud in my opinion for he was not doing what he was charged and appointed with!!!
Stop paying the government to steal our money! Efficient Products will save you thousands and will stop putting money into incompetent parastatals pockets!!!!!
The article in FIN24 has revealed how incestuous the ANC/ESKOM relationship remains after agreeing over 20 months ago to “disengage” themselves from any ESKOM deals.
The South African population can not be at the centre of these organisations policies, it is becoming more and more evident that greed and profit drives this.
We as the consumer pay for it – 15 years ago reports were circulated advising of the need to start commissioning additional power stations yet nothing was done. We are only starting to see these effects now! What has happened to the profits from prior years – no doubt made it’s way into many ANC and other closely related organisations back pockets.
We are and have been lied to and now also expected to cough up to pay for this stupidity, corruption and theft?
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