I did not raise my salary by 350%, says Prasa's Collins Letsoalo
Former CEO Lucky Montana weighs in on the furore over the acting CEO's enormous pay increase
Acting Passenger Rail Agency of SA (Prasa) CEO Collins Letsoalo has dismissed claims that he increased his own salary by 350%‚ saying it was a smear campaign. Letsoalo addressed members of the media on Monday after the Sunday Times reported that he insisted he be paid the same as former Prasa head Lucky Montana. Letsoalo‚ who remains an employee of the Department of Transport‚ was seconded to Prasa by Transport Minister Dipuo Peters in 2016, to turn the agency around. In her secondment letter, Peters said Letsoalo’s pay package of R1.3m would not change. He would‚ however‚ receive a 12% "acting allowance"‚ the Sunday Times reported. On Monday, Letsoalo his salary would return to R1.3m when he returned to the department‚ but that the R5.9m he was earning at Prasa had been approved by the agency’s board. Letsoalo read out a letter from the board‚ stating its pleasure at his acceptance of the offer to act as group CEO. The letter also states that Letsoalo will be paid the annualised sa...
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