Streaming issues? Report here
Abongile Nzelenzele 2019 1500 BW
Early Breakfast with Abongile Nzelenzele
04:00 - 06:00
volume_up
volume_mute

Up Next: Breakfast with Refilwe Moloto
See full line-up
Early Breakfast with Abongile Nzelenzele
04:00 - 06:00
Home
arrow_forward
Business
arrow_forward
Politics
arrow_forward
Local
arrow_forward
Opinion

Taxpayers take very, very good care of resigning ministers

11 June 2019 8:23 PM
Tags:
Jeff Radebe
Susan Shabangu
Bathabile Dlamini
Business Day
The Money Show
Siyabonga Cwele
MPs
Derek Hanekom
Bruce Whitfield
Members of Parliament
Nomaindia Mfeketo
Carol Paton
ministers
Thokozile Xasa
Dipuo Letsatsi-Duba
Are the ex-ministers resigning to keep their fat pensions? Bruce Whitfield interviews Carol Paton of Business Day.
FILE: Former Minister Bathabile Dlamini. Picture: Supplied.

When you cease to be a minister… Parliament pays you a gratuity worth about a third of your annual salary for five years… It’s a lot of money to say no to…

Carol Paton, journalist - Business Day

A fresh bunch of people of a higher calibre is needed in Parliament.

Carol Paton, journalist - Business Day

Derek Hanekom (ex-Minister of Tourism) on Tuesday became the eighth former minister to resign as a member of Parliament.

The announcement came a few hours after Bathabile Dlamini (ex-Minister of Women in the Presidency) resigned.

Other former ministers who have resigned are Jeff Radebe, Nomaindia Mfeketo, Susan Shabangu, Thokozile Xasa, Dipuo Letsatsi-Duba and Siyabonga Cwele.

All the MPs who are walking away failed to make it onto President Cyril Ramaphosa’s executive.

The Money Show’s Bruce Whitfield interviewed Carol Paton, a journalist at Business Day.

Whitfield asked Paton if the ex-ministers resigned merely to retain larger pensions than they would’ve been entitled to as ordinary MPs.

Paton reckons some of them would be well advised to stay on and earn MPs’ salaries.

Listen to the interview in the audio below (and scroll down for more quotes from it).

These people who are quitting now have decided the good times are over for them… take that nice gratuity you would not otherwise get.

Carol Paton, journalist - Business Day

There are so many jobs [for ex-ministers] … Dozens and dozens of opportunities… Somebody like Jeff Radebe is probably going to get a very senior government appointment somewhere… Someone like her [Bathabile Dlamini] … She might get the gratuity, but what is she going to do in the next five years? … I don’t think there are dozens of opportunities for her… She doesn’t seem to have the skills the private sector wants…

Carol Paton, journalist - Business Day

We are expecting big announcements around Eskom…

Carol Paton, journalist - Business Day

The number of people who are firmly opposed to Ramaphosa… is diminishing.

Carol Paton, journalist - Business Day

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Taxpayers take very, very good care of resigning ministers


11 June 2019 8:23 PM
Tags:
Jeff Radebe
Susan Shabangu
Bathabile Dlamini
Business Day
The Money Show
Siyabonga Cwele
MPs
Derek Hanekom
Bruce Whitfield
Members of Parliament
Nomaindia Mfeketo
Carol Paton
ministers
Thokozile Xasa
Dipuo Letsatsi-Duba

More from The Money Show with Bruce Whitfield

Jeremy Mansfield gets real about his money and beliefs about it

13 September 2019 1:03 PM

Bruce Whitfield interviews Jeremy Mansfield about his attitude to money (hopes and fears, successes and failures, etc.).

Read More arrow_forward

'We had a disdain for money. Material possessions counted for so little'

12 September 2019 3:20 PM

Justice Albie Sachs talks about his attitude to money (hopes and fears, successes and failures, etc.).

Read More arrow_forward

My daughter (10) and son (5) must start working early - Riky Rick

30 August 2019 2:06 PM

Bruce Whitfield interviews rapper Riky Rick about his attitude toward money (hopes and fears, successes and failures, etc.).

Read More arrow_forward

Buying a used car? New app sends mechanic to inspect it before you decide

28 August 2019 8:16 PM

Hanru Reyneke is on a mission to disrupt the used-car industry in South Africa by providing peace of mind to punchdrunk consumers.

Read More arrow_forward

I come from having very little, to having a lot - Craig Gradidge

28 August 2019 6:31 PM

The Money Show’s Bruce Whitfield interviews Gradidge about his attitude to money (hopes and fears, successes and failures, etc.).

Read More arrow_forward

Former Morning Live co-anchor Tracy Going opens up, gets vulnerable about money

22 August 2019 6:04 PM

Former Morning Live co-anchor Tracy Going opens up about her attitude to money (hopes and fears, successes and failures, etc.).

Read More arrow_forward

Want to get rich? Got R100? You don’t need millions to start

20 August 2019 7:58 PM

Bruce Whitfield interviews Anthea Gardner, author of "Make Your Money Work for You: Think Big, Start Small".

Read More arrow_forward

How to calculate how much money you need to never have to work again

6 August 2019 6:34 PM

How much is enough? Is there a simple calculation? Warren Ingram, a personal financial advisor at Galileo Capital, explains.

Read More arrow_forward

'Emigration is draining skills, destroying the future of South Africa’s economy'

31 July 2019 8:17 PM

Small business guru Pavlo Phitidis shares shocking anecdotes and advises business owners on how to address this challenge.

Read More arrow_forward

How to get a nice, fat tax refund from Sars (a guide for business owners)

29 July 2019 6:36 PM

The Money Show's Bruce Whitfield interviews Daniel Baines, author of "How to Get a Sars Refund for Small Businesses".

Read More arrow_forward