Departing government officials set for R81-million payday

South Africa News News

Departing government officials set for R81-million payday
South Africa Latest News,South Africa Headlines
  • 📰 TheSAnews
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

Ahead of tomorrow’s first sitting of a new National Assembly, departing government officials won’t exactly be out of pocket …

Departing government officials, including Ministers and Members of Parliament whose service is no longer required, are in for a BIG payday. Following the African National Congress’ inability to secure a majority vote in theMPs and Ministers who will not return to parliament will receive a sizable payout. After the ANC, the EFF lost five seats and VF+ four seats in the National Assembly.

The departing government officials who have been in parliament the longest will do the best financially. This is through a ‘loss-of-office’ gratuity, in addition to pension benefits. According to reports, the tip equates to four-months’ worth of pensionable income for all departing government officials.

Plus, any member who served more than one term in office – five years plus – receives an additional gratuity. As a result, it is understood that Naledi Pandor will receive close toWhat do you think of departing government officials receiving so much money after the fac while millions of South Africans live below the poverty line?

Be sure to share your thoughts with our audience in the comments section below. And don’t forget to follow uson Facebook for the latest updates. Click the links below to check out trending stories in the last 24 hours on our website …

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheSAnews /  🏆 25. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

R81 million handshake for departing MPs, ministersR81 million handshake for departing MPs, ministersPoliticians not returning to Parliament after the 2024 national and provincial elections will not leave empty-handed.
Read more »

R81 million handshake for departing MPs, ministersR81 million handshake for departing MPs, ministersPoliticians not returning to Parliament after the 2024 national and provincial elections will not leave empty-handed.
Read more »

Departing Ministers and MPs set for R81 million in ‘tips’Departing Ministers and MPs set for R81 million in ‘tips’Close to 150 Ministers, Deputy ministers and MPs are set to receive R81 million in out-of-office gratuity.
Read more »

Outgoing MPs and Ministers Set to Receive R81 Million in Gratuity PayoutsOutgoing MPs and Ministers Set to Receive R81 Million in Gratuity PayoutsThe 143 Members of Parliament and Cabinet Ministers who won't return in the seventh administration will receive combined gratuities of R81 million.
Read more »

Michael Schumacher’s Watch Collection Fetches R81 Million At AuctionMichael Schumacher’s Watch Collection Fetches R81 Million At AuctionSouth African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »

National Assembly’s first sitting to go ahead as planned - SABC News - Breaking news, special reports,National Assembly’s first sitting to go ahead as planned - SABC News - Breaking news, special reports,The first sitting of the National Assembly (NA) will go ahead as scheduled tomorrow.
Read more »



Render Time: 2025-02-22 03:13:18