Tuesday, January 10, 2006

Big money for CT City bosses

Cape Town - Four of the City of Cape Town's top managers earned bonuses last year that pushed their before-tax earnings to over R1m each...

City manager Wallace Mgoqi received a bonus of R186 011.98 on top of his salary of R966 296.04 and a car allowance of R90 000. "Similar bonuses were handed to three other top management figures, perhaps the most disturbing of which was the R178 832.50 paid to the executive director of transport, roads and planning, Mike Marsden, on top of his salary of R929 000.04,"

"[This was] the same year that the metro was placed on national government's Project Consolidate programme for dysfunctional municipalities," Read More

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