Taxpayers take very, very good care of resigning ministers
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.
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:
This article first appeared on 702 : Taxpayers take very, very good care of resigning ministers
Bruce Whitfield interviews Sipho Hotstix Mabuse about his attitude toward money (hopes and fears, successes and failures, etc.).Read More
You only live once — personal finance guru Warren Ingram on divvying up your income if you're not the budgeting type.Read More
Small business guru Pavlo Phitidis shares shocking anecdotes and advises business owners on how to address this challenge.Read More
The Money Show's Bruce Whitfield interviews Daniel Baines, author of "How to Get a Sars Refund for Small Businesses".Read More
Bruce Whitfield interviews Jeremy Mansfield about his attitude to money (hopes and fears, successes and failures, etc.).Read More
Justice Albie Sachs talks about his attitude to money (hopes and fears, successes and failures, etc.).Read More
Bruce Whitfield interviews rapper Riky Rick about his attitude toward money (hopes and fears, successes and failures, etc.).Read More
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
The Money Show’s Bruce Whitfield interviews Gradidge about his attitude to money (hopes and fears, successes and failures, etc.).Read More
Former Morning Live co-anchor Tracy Going opens up about her attitude to money (hopes and fears, successes and failures, etc.).Read More