Sunday, September 20, 2009

DA calls for Armscor’s CEO’s salary increase to be explained

By Khanyisa Tabata
20 September 2009


The Democratic Alliance believes that the 89-percent remuneration increase of Armscor chief executive Sipho Thomo needs to be explained to Parliament’s defence committee.

The DA’s David Maynier says Thomo’s increase includes a 19-percent salary hike to one-point-45-million-Rand and a one-thousand-181-percent benefits increase to over one-million-300-thousand-Rand.

Maynier says this happens while Thomo was required to undergo counselling to deal with his management style as well as a disciplinary hearing after making offensive remarks to an employee.

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