by Sinikiwe Mqadi. Acting CEO of Prasa, Collins Letsoalo has been removed from his position, following allegations in media reports that he hiked his own salary by over 350%. Former Prasa CEO Lucky Montana faked a job offer to get a salary increase, the state capture inquiry heard on Friday.File photo. In a statement, the board of Prasa said it viewed these allegations against Letsoalo “in a dim light”. In her secondment letter, sent to Letsoalo and Prasa chair Popo Molefe, she makes it clear that the acting CEO’s pay package of R1.3-million would not change. He would, however, receive a 12% “acting allowance”. They now call me Mr 350% – defiant Prasa CEO . According to Prasa’s Human Resource policy relating to Group CEO salary packages, it is the prerogative of the Human Capital and Remunerations Committee, part of the Prasa Board Committee, to recommend such changes and communicate such to the Human Resource Executive concerned. The board says there was a ‘huge misunderstanding’’ regarding a confirmation letter of his October 2016 appointment and that the R5.9 million annual salary was never approved. Rossell ó appointed José Ortiz, a former PREPA board chairman and CEO of the island's state-owned water utility, as the new CEO. CEO Pay Ratio 128:1 Board of Directors in PRA GROUP INC For its 2019 fiscal year, PRA GROUP INC, listed the following board members on its annual proxy statement to the SEC. Image: Sunday Times/Esa Alexander prasa: (2020-2023) wage increase and back pay The following communique (see attached) was received from the office of the Acting Group CEO PRASA Corporate. 1 March COMMENT: Something is seriously “out” in the 350% hike that former Prasa acting CEO Collins Letsoalo got shortly before he was dismissed (read re-deployed) recently. She has helped PRASA win court victories against Swifambo, Siyangena, and Siyaya. The move follows … Former Prasa CEO Lucky Montana faked a job offer to get a salary increase, the state capture inquiry heard on Friday.File photo. #Prasa appoints new acting CEO ... Letsoalo denied claims in a Sunday Times report that he increased his salary by 350%. Executive Manager, Adv. Prasa’s new CEO is ‘too old’ at 64 to take up post - HR Pulse D Le Roux, confirmed in writing that the date as stipulated in the communique is incorrect and should read “2020/21” and not “ 2019/20”. CAPE TOWN – As former directors of the Passenger Rail Agency (Prasa), we note the press conference held by the agency’s former acting CEO Mr Collins Letsoalo on Monday 17 December 2018. The state-owned Passenger Rail Agency of South Africa (Prasa) has not had a permanent CEO since 2015 and Mbalula says Matthews’ appointment signals a positive change. Letsoalo was seconded to Prasa by Transport Minister Dipuo Peters on July 7 last year. “I wish to assure our employees, particularly those affected in the corporate as well as Metrorail, that their salaries will be delayed with the maximum of 24 hours but they will be paid by the 28th. Prasa's board on Monday took a decision to terminate Letsoalo's employment with immediate effect. THE board of Prasa has repeated its claim that it has never taken a resolution on the R5,9 million salary package of former Prasa CEO Collins Letsoale. The acting CEO told the committee that since the salary difference was in the spotlight, he was constantly under scrutiny. He had claimed that the Prasa board had approved his R5.9-million salary — the salary of a permanently employed Prasa CEO. Transport Minister Fikile Mbalula has slammed claims that the newly-appointed chief executive officer (CEO) of the Passenger Rail Agency of SA (Prasa), Zolani Matthews, is too old for the position. The rail agency has been dogged by fraud and financial mismanagement problems over the past 12 years, which Mbalula says, were pronounced in 2015/16. Johannesburg, 27 February 2017 - Prasa CEO Collins Letsoalo will brief the media in Pretoria on Monday morning, in a bid to set the record straight. The board says there was a ‘huge misunderstanding’’ regarding a confirmation letter of his October 2016 appointment and that the R5.9 million annual salary was never approved. 27 February 2017 12:42 PM. The DA welcomes the dismissal of Mr Collins Letsoalo as Acting CEO of Prasa following his alleged 350 % salary increase. Prasa acting CEO denies 350% salary increase, cites plot to discredit him . Daily news update: Dudu Myeni visits Nkandla, Prasa gets permanent CEO and second batch of vaccines arrives in SA 28.2.2021 5 years later PRASA gets permanent CEO … JOHANNESBURG - Prasa CEO Collins Letsoalo is expected to respond to Sunday newspaper reports that he's seeking a whopping 350 percent salary increase for himself. He is adamant it was approved by the company's board. Matthews is Prasa’s first permanent CEO since 2015, a period where the agency has endured 10 CEOs. Prasa and Letsoalo were summoned to Parliament on Tuesday to explain his so-called 350% salary hike. In September 2010 he presented Prasa’s then CEO, Lucky Montana, with a fake letter offering him a job as an engineering services specialist in a German company, DB Schenker. JOB TITLE: Manager : Office of the CEO SALARY GROUP: Management LOCATION: PRASA Technical DEPARTMENT: Office of the CEO POST NUMBER: 30058846 REFERENCE: CEO/MAN - 00 4 /01 /1 5 Mission: To facilitate the necessary focus in provision of strategic, advisory and management support to the CEO and PRASA Technical Executive Team. Prasa denies approving R5.9m salary for acting CEO Collins Letsoalo. On 29 January, Ngoye and Khena were served with letters from Acting Group CEO Thandeka Mabija stating that they had “exceeded the normal five years fixed-term contract” and that their contracts of employment were terminated with immediate effect. Prasa CEO - Celebrity gossip and the latest news , South Africas top best scandals here on Sa411 from Mzansi actors , Political figures , Celebs , Radio presenter and Sport Stars. Something is seriously “out” in the 350% hike that former Prasa acting CEO Collins Letsoalo got shortly before he was dismissed (read re-deployed) recently. According to Prasa’s Human Resource policy relating to group CEO salary packages, it is the prerogative of the Human Capital and Remunerations Committee, which is part of the Prasa Board Committee, to recommend such changes and communicate such … In a meeting that was more akin to a “soapie”, according to MPs, the suspended CEO and the board continued to hurl accusations at each other. According to leaked internal correspondence obtained by GroundUp, his salary as Prasa’s GCEO was R15,904 a day, making his leave payout R1,370,463 before tax. Prasa Acting Chief Executive Officer (CEO), Nkosinathi Sishi, has attributed the late payment to a glitch in their payroll system. In 2018, GroundUp reported on the strange circumstances surrounding former acting chief executive Cromet Molepo , who, at 62, was promoted against advice and made to retire after just 73 days in the apex role at the rail agency. After a shaky start to the briefing at the portfolio committee on transport today, Prasa board member Tefetso Phitsane told MPs a CEO’s salary needs to be approved by the board. Acting PRASA CEO fired after 350% salary hike Published: Feb 28, 2017 | by News24.com Collins Lestoalo (Photo by Gallo Images / Foto24 / Brendan Croft) Image: Sunday Times/Esa Alexander “The Prasa board would like to place on record that that no board resolution was adopted regarding such a salary increase nor payment of an annual salary package of R5.9 million,” Prasa … The Prasa board voted to dismiss Letsoalo after the Sunday Times revealed that he allegedly increased his salary from R1.7-million to R5.9-million Prasa’s swift action against Letsoalo is a …