Hlaudi Motsoeneng ordered to pay back R11.5m to SABC
Former SABC COO Hlaudi Motsoeneng has been ordered to pay back the R11.5 million success fee given to him by the public broadcaster.
This after the High Court in Johannesburg found the SABC board's 2016 decision was unlawful and invalid, setting it aside.
The court delivered the judgment on Wednesday, giving the defamed COO seven days to pay back the money.
The litigation against Motsoeneng forms part of the Special Investigating Unit’s bid to recover financial losses suffered by the SABC through irregular payments made to some individuals.
SIU spokesperson Kaizer Kganyago says the R11.5 million must be paid with a interest at the rate of 15,5% per annum calculated from September 2016 to the date of payment.
“In the event Mr. Motsoeneng fails to pay within seven 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,” says Kganyago.
Motsoeneng was also ordered to pay the costs of the application together with the costs of two counsel.
SABC CEO Madoda Mxakwe welcomed the judgment.
“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.”
Read full judgment below:
Hlaudi Motsoeneng ordered to pay back R11.5m to SABC by Jacaranda FM News on Scribd
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