Golden handshake for Majola?

2012-09-07 09:22
Gerald Majola (Gallo)
Johannesburg - Suspended Cricket SA (CSA) chief executive Gerald Majola tabled a settlement to walk away from his job, according to a report on Friday.

The New Age reported that Majola's lawyer, Pumezo David, confirmed that they made an offer to the CSA that Majola would leave if he was paid two year's salary.

"We're waiting for the CSA to come back to our client to inform us whether they've accepted our settlement offer or not," David told the newspaper.

"It's been over two weeks since our meeting and we're still to receive any correspondence from the CSA. We are not sure as to what is taking them so long to get back to us."

David would not elaborate on the details of the settlement.

The newspaper reported that Majola earned about R2 million a year and could walk away with about R4 million if CSA paid him out.

Majola was suspended in March following the release of the Nicholson report, which found he had paid R4.7 million in bonuses to CSA staff without clearance from the board or the remuneration committee.

However, CSA's lawyer Nicholas Preston told the newspaper that it was unlikely that the offer would be accepted.

"Proposals from Majola and CSA could not be agreed upon as they were miles apart from each other," said Preston.

"This means that in all likelihood the CSA will continue with the disciplinary process against Majola next month."

According to the report, two affiliated presidents, who did not want to be named, said the CSA wanted to take the matter to Sport Minister Fakile Mbalula for approval.

Mbalula's adviser Justin de Allende said the matter had nothing to do with the ministry and it was between Majola and the CSA.

Read more on:    csa  |  gerald majola  |  cricket

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