Prasa boss fired over 350% salary increase
The board confirmed that it had not authorised his pay hike and said it viewed the controversy over his pay “in a dim light”
Defiant Passenger Rail Agency of South Africa acting CEO Collins Letsoalo was axed on Monday night in the wake of disclosures by Sunday Times of his 350% salary increase. The Prasa board said on Monday night it had unanimously agreed to terminate his contract. The development came in a day of drama which saw Letsoalo attack the Sunday Times for its weekend revelations. Letsoalo claimed at a press conference on Monday that that the board had confirmed the increase. But the axe fell when the board confirmed that it had not authorised his pay hike and said it viewed the controversy over his pay “in a dim light”. It said procedures relating to Letsoalo’s gargantuan pay increase had been flouted‚ “leaving the board with no choice but to terminate his temporary tenure with immediate effect”. Read the full story in The Times
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