Acting SABC boss scores R877,000 payout

Acting chief executive officer of the SABC, Nomsa Philiso, scored a R877,000 bonus for the year ended March 2016 as part of a total package of R3.4 million, the City Press reported.

The paper said that the public broadcaster justified the payment by saying that she earned it through “sheer hard work” despite the company posting a R977 million loss after tax for the 2016/17 financial year.

SABC spokesperson Kaizer Kganyago told City Press that Philiso qualified for a bonus as general manager for sales operations, a unit within the commercial enterprises division.

the company’s chief financial officer Thabile Dlamini said the incentive scheme is available to 300 employees, who have annual targets set for them.

If the targets are reached, a specific formula to calculate “the overperformance that has to be paid out” is used, he said.

Philiso’s bonus was an overlap of the 2014/15 fiscal year, which “was a good year in terms of performance for commercial enterprises”, stated the report.

 


Read: SABC posts R977 million loss

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Acting SABC boss scores R877,000 payout