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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!!!!!
Can Solar Save Us?
The sun is a utopian fuel: limitless, ubiquitous, and clean. Surely someday we’ll give up on coal, oil, and gas—so hard on the climate, so unequally distributed worldwide—and go straight to the energy source that made fossil fuels.
This is the second article from National Geographic this month featuring Solar Energy and its associated benefits.
Read it here: http://ngm.nationalgeographic.com/2009/09/solar/carroll-text
Have a Solar Day!
www.urban-solar.co.za
Some recent articles on Eskom……
Eskom shocks with R9.7bn loss – Fin24, 27 Aug 2009
Eskom said it lost R9.7bn in its last financial year – a stunningly poor performance that will raise questions about its ability to repay loans, roll out its projects and keep the country’s lights on.
While Eskom is expected to announce a huge financial loss on Thursday, an expert said the power utility has to at least double its electricity prices to remain viable.
‘Eskom can’t manage money’ – Fin24, 10 Sep 2009
Serious allegations of mismanagement, including the ‘disappearance’ of 400 000 tons of coal, were made on Wednesday by DA MP Cobus Schmidt during a sitting of the Parliamentary Portfolio Committee on Energy.
‘Eskom is not well managed’ – MiningMX, 28 Aug 2009
THE resources sector is still reeling from Eskom’s approved 31.3% energy tariff increase, and Thursday’s news that power supply may again become erratic has got the industry talking again.
Eskom stripped of power – Fin24, 30 Aug 2009
The authority to award contracts to independent power producers has quietly been removed from Eskom and transferred to Minister of Energy Dipuo Peters.
Have a Solar Day!
“It is hard to imagine that a power plant could be so beautiful: 250 acres of gently curved mirrors lined up in long troughs like canals of light….”
Great article in this months National Geographic Magazine
Read it here : http://ngm.nationalgeographic.com/2009/09/solar/johnson-text
Have a Solar Day!
www.urban-solar.co.za
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