Auditor-General gets increase worth millions

Terence Nombembe Auditor General gets increase worth millions

Auditor-General Terence Nombembe has received a salary increase of close to a million rand a year, backdated for more than six years.

Details of the increase are contained in a letter, dated May 23 this year, sent by President Jacob Zuma to Parliament.

The letter was published this week in a parliamentary document.

“(The president has determined that) the annual salary package of the Auditor-General Mr TM Nombembe be increased from R1 708 600 per annum to R2 650 000 per annum, with effect from December 1 2006.”

This meant Nombembe’s salary package would increase by R941 400 a year, backdated for six and a half years, a windfall of well over R6 million.

The date of December 1 2006 is the day on which Nombembe – who replaced Shauket Fakie, who retired – was appointed to the post.

The letter also announces a huge increase in Nombembe’s termination benefits.

“(The) Auditor-General’s termination benefit (is to) be increased from 10% of the average term compensation for each year of service to 50% of the average term compensation for each year of service…”

According to the letter, the payment of back pay would be done in accordance with the guidelines applicable to the Auditor-General’s office.

Zuma’s decision to increase Nombembe’s salary package was based on a recommendation of the parliamentary committee on the Auditor-General.

The post Auditor-General gets increase worth millions appeared first on City Press.

Powered by WPeMatico

This entry was posted in South Africa News. Bookmark the permalink.

Leave a Reply