News / National
Parastatal packages submission deadline lapses
24 Jan 2014 at 07:04hrs | Views
The deadline for submission of current parastatal packages lapsed on Wednesday.
A source said many firms appeared apprehensive about revealing to the Office of the President and Cabinet what management and boards had been paying themselves.
"The process of revising packages is underway. The major problem we have is that many board members do not have professions. So if they don't get money from board activities they are stranded. They are trying to make a living out of board appointments but this is coming to an end," a well-placed source said.
The source said the board and management of one parastatal was unhappy that their new minister disallowed continued payment of packages approved prior to the harmonised elections last year.
A source said many firms appeared apprehensive about revealing to the Office of the President and Cabinet what management and boards had been paying themselves.
"The process of revising packages is underway. The major problem we have is that many board members do not have professions. So if they don't get money from board activities they are stranded. They are trying to make a living out of board appointments but this is coming to an end," a well-placed source said.
The source said the board and management of one parastatal was unhappy that their new minister disallowed continued payment of packages approved prior to the harmonised elections last year.
Source - herald
