Government is paying state CEOs millions of rands for maladministration, bad audits and missed targets: AA

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The Automobile Association of South Africa says that parliament needs to review how chief executives at state-owned companies are paid, noting that these individuals are drawing salaries of millions of rands, but are failing to deliver.

“The high remuneration of executives at State-Owned Enterprises remains a concern and should be the focus of a Parliamentary inquiry in 2022,” it said. This remains particularly true in several groups or entities within the transport sector, it added.

In the case of the RTIA, its Registrar and CEO was paid a remuneration package of just under R10.9 million in 2020 but was fired earlier this year for what the agency said was “serious maladministration”, the AA said. “Yet, in the same year, the CEO of the RTMC’s total remuneration was R9.8 million, in spite of the adverse findings of the Auditor-General. In addition, the RTMC has failed to fulfil its core mandate of reducing road deaths in South Africa, despite receiving billions of rands from the government to address the issue.”

“In fact, Gautrain has never achieved its target annual ridership levels since operations commenced. In 2017, the system recorded its highest ridership levels at just over 15.6 million riders, a far cry from its projected annual ridership of 47.5 million commuters,” the AA said.

Source: News Formal (newsformal.com)

 

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GMA needs to cover more routes with trains and buses. Lower the prices to attract more commuters; it's better to use a car sometimes. Create more bus stops; people don't need to travel over a kilometre in formal work ware.

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