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It’s not unfounded, Garach, the NEF CEO ‘does earn more than Ramaphosa’

Politics 1 year ago

It’s also not ‘misleading’ that the NEF doesn’t have money to execute its mandate yet she is earning a R6 million salary, the DA’s trade and industry spokesperson said.


16 Nov 2019
PREMIUM!
It’s not unfounded, Garach, the NEF CEO ‘does earn more than Ramaphosa’

CEO of the National Empowerment Fund, Philisiwe Mthethwa during an interview on September 4, 2014 in Johannesburg, South Africa. Picture: Gallo Images / City Press / Elizabeth Sejake

Democratic Alliance (DA) trade and industry spokesperson Dean Macpherson stood by his comments that chief executive officer of the National Empowerment Fund (NEF), Philisiwe Mthethwa, is the highest-paid civil servant and earns more than the president. Macpherson said yesterday, in the wake of the NEF board of trustees’ statement that his comments were unfounded and misleading, there was nothing unfounded about the NEF struggling to provide financial support to black entrepreneurs. “What is unfounded or misleading about what I said? “Is it not a fact that she earned a R2 million bonus while the NEF is struggling to support black-owned...

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