DA calls on PetroSA executives to pay back the money immediately
The DA has called for the R17.3m reportedly paid to PetroSA’s top executives to be paid back immediately, and says the legal opinion that informed this disastrous payment must be made public and tabled before Parliament. The Sunday Times revealed on Sunday that the cash-strapped state-owned entity paid 11 executives a total of R17.3m in bonuses‚ even though these bonuses were not approved by PetroSA’s board. The bonuses were paid out based on a legal opinion which stated that "affordability would not qualify as a justifiable reason to not pay the bonuses". They were paid the bonuses despite the entity reporting a record loss blamed largely on the failed Ikhwezi gas-drilling project, Business Day reported last month.
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