PetroSA bosses must repay undeserved bonuses

Image courtesy of: www.petrosa.co.za

Image courtesy of: www.petrosa.co.za

We stand fully behind the DA’s call that the R17.3 million awarded to 11 executives at the entity be repaid immediately.

The litigious nature of the DA, which highlights the opposition party’s propensity to run to the courts for a solution, has provided some signs of success and added some failures to the cause of governance.

At best, it forces a reluctant government to take action; at worst, it bogs down urgent issues in the quicksand of claim and counterclaim, suit and countersuit.

But we stand fully behind the DA’s call that the R17.3 million awarded to 11 executives at the massively underperforming quango, PetroSA, be repaid immediately and in full.

Likewise, we stand behind the opposition’s contention that the opinion which “informed this disastrous payment”, obtained from the head of PetroSA’s head of legal services, Mokgaetsi Sebothoma, who was paid R2.4 million despite leading the failed Project Irene, be made public and tabled before parliament.

It is courting disaster for state-aligned enterprises – especially those as strategic as PetroSA – to be given an open cheque book. It’s certainly not for the board to award themselves dubious bonuses after a string of disastrous decisions that have resulted in a mind-numbing R14.5 billion shortfall.

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