Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too
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/ 19 October 2008
Our government would have taken stakes in the Big Four, say to the tune of R120-billion or so. Now this would be a debate to have locally.
Remuneration report shows chief executives are rolling in it.
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/ 31 October 2007
The Premier Soccer League (PSL) has set aside R70-million with which to pay members as a ”token of gratitude” for their part in securing rights and sponsorship deals. The amount would be ”apportioned to the members of the negotiating team and other role players” and would be a one-off payment.
Finance Minister Trevor Manuel says he has been assured by Absa there will be no individual enrichment in its sponsorship deal with the Premier Soccer League (PSL). ”We have the assurance that Absa would do everything in its power to [ensure] that the money is used as intended, for the advancement of soccer in this country,” he said on Friday.
Premier Soccer League (PSL) executive members have not been paid commission for their part in the R1,6-billion television rights deal or the R500-million Absa sponsorship deal. The PSL had not even formally decided yet whether it would pay its negotiators any commission at all, said chairperson Irvin Khoza.
The Premier Soccer League (PSL) has expressed disappointment with Finance Minister Trevor Manuel for involving himself in its affairs and has written to Sports Minister Makhenkesi Stofile, asking him to intervene, the South African Broadcasting Corporation reported on Monday.