DA slams R400 million salaries of CEOs of failing state-owned entities

The South African

The DA condemns high executive salaries in South Africa’s SOEs, revealing over R400 million spent annually despite ongoing bailouts and poor performance. Executives earn salaries exceeding national guidelines, lacking oversight and public accountability. Examples include DBSA CEO earning R15.5 million, Transnet’s CEO earning R8.5 million amid struggles, and PRASA CEO earning R7 million.
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