THE Special Investigating Unit (SIU) and the SABC have welcomed the High Court decision ordering Hlaudi Motsoeneng to repay over R11.5 million within 7 days.
A decision by the former SABC Board to pay its former Chief Operations Officer a success fee amounting to over R11,5 million has been reviewed and set aside by the court.
The high court declared the 19 August 2016 decision by the then SABC Board unlawful and invalid.
The court ordered Motsoeneng to repay the amount paid to him, as a success fee amounting to (R11,508,549.12) within 7 days of the order, with interest at the rate of 15,5% per annum calculated from 13 September 2016 to date of payment.
In the event Motsoeneng fails to pay within 7 days, the SABC Pension Fund is ordered to pay the aforementioned amount to the SABC or all the pension proceeds where the pension proceeds do not amount to R11,508,549.12.
Motsoeneng was also ordered by the High Court to pay the costs of the application together with the costs of two counsel.
SIU Head Advocate Andy Mothibi has welcomed the High Court judgement.
“This is a continuation of implementation of the SIU investigations outcomes and consequence management to recover monies lost by the SABC. There are other cases enrolled in the High Court and in the Special Tribunal awaiting adjudication and will result in further recoveries for the SABC,” Mothibi said.
The SABC’s Group Chief Executive Officer, Madoda Mxakwe in welcoming the judgment said:
“‘This judgment bears testimony to the SABC’s commitment to addressing corporate governance failures of the past, whilst ensuring monies due to the Corporation are recovered. We are confident that this judgment demonstrates progress in the SABC’s turnaround journey.”
– Inside Politics