Hlaudi Motsoeneng has to repay SABC R11.5 million within seven days – nach Welt

Johannesburg – THE South Gauteng High Court in Joburg has overturned the decision of the SABC Board of Directors to pay its former Chief Executive Officer Hlaudi Motsoeneng a whopping success fee of R11.5 million.

Now the High Court has ordered Motsoeneng to repay this money to the state within seven days.

In a ruling on Wednesday, the court declared the August 2016 decision of the then SABC board of directors to be illegal and invalid.

The court ordered Motsoeneng to repay the amount paid to him as a contingency fee of (R11,508,549.12) within seven days of the order with interest of 15.5% pa, calculated from September 13, 2016 to Date of payment.

If Motsoeneng does not pay within seven days, the SABC Pension Fund will be ordered to pay the amount to the SABC or the entire pension proceeds if the pension proceeds are not R11,508,549.12.

In addition, Motsoeneng was ordered by the High Court to pay the costs of the motion, along with the costs of two legal counsel.

The Special Investigating Unit (SIU) and SABC went to the High Court to review and overturn a decision by the former SABC board of directors to pay Motsoeneng a success fee and recover the financial losses suffered by SABC.

SIU spokesman Kaizer Kganyago said the court case was informed by the SIU investigation into SABC’s affairs, which found that SABC had mistakenly paid funds to individuals and entered into contracts to the detriment of the public broadcaster.

The SIU was instructed by President Cyril Ramaphosa to investigate allegations of corruption, maladministration, malpractice and payments by the SABC, and the conduct of its employees.

If necessary, the SIU has been empowered to initiate civil proceedings to refer evidence to the National Prosecutor’s Office (NPA) for prosecution under the SIU Act.

SIU Head Advocate Andy Mothibi welcomed the High Court’s verdict.

“This is a continuation of the implementation of the SIU investigation results and impact management to recover funds lost by the SABC. There are other cases pending decision by the High Court and Special Tribunal that will lead to further recoveries for the SABC, ”Mothibi said.

SABC’s Group Chief Executive Officer, Madoda Mxakwe, welcomed the verdict: “This verdict shows SABC’s commitment to addressing past corporate governance failures while ensuring that funds owed to the company are recovered. We are confident that this ruling shows progress towards the turnaround of SABC. “

Politburo

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Reference-www.nach-welt.com

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