Prasa appoints Lindikhaya Zide as acting CEO

Acting CEO of Prasa, Collins Letsoalo has been removed from his position, following allegations in media reports that he hiked his own salary by over 350%.

The newspaper claimed that he demanded a salary increase from the pay package of R1.3 million to a R5.9 million pay package.

Letsoalo was seconded to PRASA by Transport Minister Dipuo Peters in July previous year, to turn the agency's fortunes around after it bled R13.9-billion because of irregular contracts.

"In fact, the agreed and official salary remains the R1.3-million annual package which was approved by the Minister of Transport as the terms of the secondment package which were agreed upon by Mr. Letsoalo".

Zide's appointment follows the axing of Collins Letsoalo.

Letsoalo read out a letter from the board‚ stating its pleasure at his acceptance of the offer to act as group CEO.

According to PRASA's Human Resource (HR) policy relating to Group CEO salary packages‚ it is the prerogative of the Human Capital and Remunerations Committee‚ part of the PRASA Board Committee‚ to recommend such changes and communicate such to the Human Resource Executive concerned.

During a briefing in Pretoria earlier, Letsoalo refuted the claims against him.

In an interview with eNCA, Letsoalo said clearly, "I am not fired.they are not going to do that to me".

However, in subsequent meeting held late meeting on Monday, the Prasa board voted unanimously to dismiss Letsoalo, with immediate effect. "I was informed through media reports", adding, "Only the minister can terminate my contract".

Molefe told The Times that the board would insist that the department of transport pay the difference in the salary increase received by Letsoalo.

  • Leroy Wright