{"id":261179,"date":"2018-07-26T12:13:03","date_gmt":"2018-07-26T10:13:03","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=261179"},"modified":"2018-07-26T12:13:29","modified_gmt":"2018-07-26T10:13:29","slug":"saa-is-paying-millions-for-consultant-executives-to-do-6-months-work","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/261179\/saa-is-paying-millions-for-consultant-executives-to-do-6-months-work\/","title":{"rendered":"SAA is paying millions for ‘consultant’ executives to do 6 months work"},"content":{"rendered":"

South African Airways, which has received over R15 billion in government bailouts over the past year, is spending over R16 million on the salaries of new executive hires – including R10 million for three who are only doing six months work.<\/p>\n

The numbers were revealed in a response by the airline to a request by finance minister Nhlanhla Nene, who wanted to know the details of these contracts.<\/p>\n

It also follows reports showing that SAA’s interim chief financial officer (CFO), Robert Head, would receive a package of R5.5 million for six months work.<\/p>\n

According to the Mail & Guardian<\/a><\/strong>, citing sources within SAA, Head\u2019s package includes a R1.9 million retainer, a R3.2 million salary, and a R342,000 car allowance \u2013 and when annualised, makes him better paid than any chief executive or finance head at other state companies.<\/p>\n

This has now been confirmed by SAA.<\/p>\n

In a letter to the minister, SAA reported Head’s salary would be R5.511 million for the six month contract which started on 1 April 2018. However he was only one of four executives who were hired by the group as ‘fixed-term contractors’.<\/p>\n

The others include Thabang Motsohi and Mpati Qofa, who will be paid R2.088 million each for six months work, and Robert Newsome, who will be paid R2.5 million for a 12 month contract.<\/p>\n

The airline also revealed the permanent appointment of Hendus Venter would draw a R4.174 million salary.<\/p>\n

\"\"<\/a><\/p>\n

It was previously reported that SAA was\u00a0forking out millions of rands for executives and consultants<\/a>\u00a0<\/strong>\u2013 including a R25 million deal with Deutsche Bank to analyse its finances and restructure the airline\u2019s debt.<\/p>\n

SAA CEO, Vuyani Jarana has justified the spending in past, saying that it is necessary to address a severe skills shortage at the airline.<\/p>\n

Jarana, is set to earn R6.7 million for a full years\u2019 work.<\/p>\n

\n

Read:\u00a0SAA is paying its interim financial head R5.5 million for 6 months of work: report<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South African Airways, which has received over R15 billion in government bailouts over the past year, is spending over R16 million on the salaries of new executive hires – including R10 million for three who are only doing six months work.<\/p>\n","protected":false},"author":10,"featured_media":137355,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26,1675],"class_list":["post-261179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-saa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/261179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=261179"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/261179\/revisions"}],"predecessor-version":[{"id":261203,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/261179\/revisions\/261203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/137355"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=261179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=261179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=261179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}