Prasa wants state refund for acting CEO Letsoalo’s 350% pay increase
The Department of Transport will be held financially liable for the 350% pay hike Passenger Rail Agency of South Africa acting group CEO Collins Letsoalo secured for himself, says agency board chairman Popo Molefe. He said on Monday that Prasa would write to the department demanding the immediate return to Prasa of money paid to Letsoalo over and above the R1.3m salary he should have received. Letsoalo’s contract was terminated with immediate effect on Monday. He had claimed that Prasa’s board approved his R5.9m, the salary of a permanently employed Prasa CEO. Letsoalo‚ who has returned to his post as the department’s chief financial officer‚ was seconded to Prasa by the department last year with an annual package of R1.3-million plus a 12% "acting allowance". His brief was to "sort out" the floundering agency. Molefe said: "The monies paid to the department by Prasa must be returned immediately. "The monies which we seek are what were paid over and above what Letsoalo should have b...
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