SABC pays out R42 million in golden handshakes
17 September 2015
In a reply to a parliamentary question, Minister Faith Muthambi has revealed that the SABC paid executives R42 605 000 in golden handshakes over the last six years.
The amount paid to executives whose contracts are terminated prematurely averages out at R 7 million per year. This is the equivalent of 26 415 annual TV licence renewals.
The five biggest golden handshakes were paid to:
-Former SABC CEO Dali Mpofu. He received a golden handshake of R13.2 million, after he fell out with the SABC Board.