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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
the company’s chief financial officer Thabile Dlamini said the incentive scheme is available to 300 employees, who have annual targets set for them.<\/p>\n
If the targets are reached, a specific formula to calculate \u201cthe overperformance that has to be paid out\u201d is used, he said.<\/p>\n
Philiso\u2019s bonus was an overlap of the 2014\/15 fiscal year, which \u201cwas a good year in terms of performance for commercial enterprises\u201d, stated the report.<\/p>\n
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