EXCLUSIVE: Bosasa CEO Gavin Watson paid a R5m 'bonus' amid job losses | CowansView
Two weeks before corruption-accused African Global Operations - formerly known as Bosasa - was placed under liquidation, the company paid its CEO Gavin Watson a R5m"performance bonus" - over and above his monthly salary of R5.7m.In a supplementary affidavit provisional liquidator Cloete Murray reveals that the board took a decision to pay Watson the bonus of R10m on January 21, 2019.
Murray is opposing the application, arguing that the directors, including Watson and AGO chairperson Joe Gumede, no longer want him as a liquidator because he is investigating their affairs. He has also questioned the independence of his fellow provisional liquidator, Ralph Lutchman, who was appointed based on a number of requisitions signed by AGO chair Gumede.
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.
IEC to probe claims Bosasa funded ANC’s election 'war rooms' | IOL NewsIEC has confirmed its investigation into the ANC’s election “war rooms” that were established by the controversial Bosasa ...
Read more »
IEC to investigate ANC’s ‘Bosasa-funded election war rooms’ – DAThe electoral commission has promised to refer the matter to the Directorate of Electoral Offences for investigation.
Read more »
Ramaphosa on son's Bosasa link: 'If you care to know, there's nothing to hide'Democratic Alliance leader Mmusi Maimane says he was provided with a copy of Andile Ramaphosa’s contract with African Global Operations.
Read more »
Bosasa: Parliament protecting 'uBaba kaAndile', complains MaimanePresident Cyril Ramaphosa has something to hide, DA leader Mmusi Maimane has said after Ramaphosa didn't answer his question about how much the contract between his son, Andile, and Bosasa is worth.
Read more »
There is nothing to hide about Bosasa and my son - Ramaphosa | IOL NewsPresident Cyril Ramaphosa refused to be drawn on his son's previous business dealings with African Global Operations as he answered questions in the National Assembly. RamaphosaQandA
Read more »
Ramaphosa ‘not disclosing son’s Bosasa earnings shows he has something to hide’'We have moved from a parliamentary culture of protecting uBaba ka Duduzane, to now protecting uBaba ka Andile,' DA leader Mmusi Maimane says.
Read more »
Ramaphosa refuses to reveal son’s earnings from Bosasa contractThe president says he has nothing to hide and that the Public Protector has all the information including the value of his son’s contract for work done outside the country.
Read more »
ANC could face Electoral Court after DA lodges complaint over Bosasa donationThe IEC has confirmed receiving a complaint from the Democratic Alliance that the ruling party was granted funds by Bosasa to set up an elections war room in previous elections.
Read more »
Ramaphosa mum on how much his son made from BosasaPresident Cyril Ramaphosa has declined to tell MPs how much his son Andile made from his business dealings with controversial government service provider African Global Operations, previously known as Bosasa.
Read more »
Ramaphosa refuses to be drawn on Bosasa and his sonMmusi Maimane wants the president to say exactly how much his son has benefited from his dealings.
Read more »