EXCLUSIVE: Bosasa CEO Gavin Watson paid a R5m 'bonus' amid job losses

  • 📰 News24
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 80%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

CowansView WHY is is that Watson is silent and not been detained in prison where he belongs with his pals?

CowansView WHAT!!!!!

CowansView So that's GavinWatson sorted out: Tough luck for the thousands of retrenched Bosasa workers!

CowansView Haha

CowansView For a change this case has shown that corruption is a disease not only for Africans but across all races. These people should honestly go to prison, this is totally out of order!

CowansView Did you honestly expect anything else?

CowansView God said the hypocrite could have it during the morning prayers.🖕

CowansView He should be awarded the JZ prize of the year for the biggest theft !!!!

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:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

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 this is the same Duduzani and Jacob situation. Y don't they treat it the same?
Source: IOL - 🏆 46. / 51 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. Perhaps a different approach is required. What did Baba ka-Cyril actually deliver to AGO for his monthly retainer fee, and what did 'Offtake (Pty)' deliver ? Finally you've spoke some sense ever since cup cake came into power...
Source: TheCitizen_News - 🏆 6. / 75 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. Whether he refuses or not is irrelevant, he’s got his fingers on the cookie jar-Ramaphosa must do an honorable thing & resign as both president of country & ANC- His presence poses double jeopardy, he’s gonna lose big Cause he just as corrupt as the rest. CyrilRamaphosa no back bone and a complete joke. Just another looter the ANC are devoid of telling the truth
Source: ewnupdates - 🏆 30. / 53 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.
Source: TimesLIVE - 🏆 28. / 59 Read more »