Sacked Transnet CEO will still receive a salary

JOHANNESBURG - Sacked Transnet CEO Siyabonga Gama will still get his salary for the next six months.

He’s expected to receive more than R3-million for doing nothing.

READ: Transnet's Siyabonga Gama fired

The parastatal’s board dismissed him with immediate effect but says it has a contractual obligation to pay him for the notice period.

Gama is implicated in corruption and maladministration, relating to a multi-billion rand locomotive deal.

Transnet board member Edward Kieswetter says Gama was fired because Transnet lost confidence in his ability to lead the parastatal.

eNCA's Shahan Ramkissoon spoke to Kieswetter.


Paid Content