IN FULL: Prasa views 350% salary hike ‘in a dim light’
The full statement by Prasa on acting Group CEO Collins Letsoalo’s controversial R5.9m pay packet
The Passenger Rail Agency of South Africa’s Board of Control (Prasa Board) have unanimously agreed to terminate the secondment of the Acting Group CEO Collins Letsoalo with immediate effect. This comes after the controversy behind the remuneration package of the acting Group CEO which the Prasa Board views in a dim light. According to reports‚ the acting Group CEO has authorised a salary hike irregularity. The Prasa Board would like to place on record that that no Board Resolution was adopted regarding such a salary increase nor payment of an annual salary package of R5.9 million. In fact‚ the agreed and official salary remains the R1.3 million annual package which was approved by the Minister of Transport as the terms of the secondment package which were agreed upon by Mr. Letsoalo.
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