News24

CSA: Error in paying bonuses

2012-01-17 12:22

Pretoria - Cricket South Africa's remuneration committee would not have approved millions of rands in bonus payments if it knew staff had already received money for the same work, former CSA finance committee chairperson Hentie van Wyk said on Tuesday.

Van Wyk told the ministerial inquiry into CSA that its CEO Gerald Majola should have disclosed details of bonuses paid by the International Cricket Council (ICC) and the Indian Premier League (IPL) to either the CSA board or the remuneration committee.

"The biggest cloud around that (the IPL and ICC bonuses) was that it was not revealed," Van Wyk said.

"It was not disclosed anywhere, because when we decided on the bonuses we included the (organisational) performances of the IPL and ICC (tournaments). We see it as a double payment.

"If we knew at that stage, when we had the remuneration committee (meeting), that they had already received these bonuses, we would not have given them eight times the monthly salary.

"That is how we viewed it. We also said that the money should be paid back to finalise the financial statements for that year."

The inquiry heard earlier that Majola was among 40 CSA staff members who received significant bonuses in May 2010, despite having been paid by the ICC and IPL for hosting cricket tournaments in 2009.

Van Wyk said the bonuses from the ICC and IPL were made known only two months later in July 2010 through an internal audit process conducted by the CSA audit committee.

Judge Chris Nicholson, who heads the inquiry, asked Van Wyk about a meeting held on July 10, 2009, when it was believed Majola verbally disclosed the bonuses.

Van Wyk said Majola was asked by a member at the conclusion of the meeting whether CSA staff had received bonuses.

According to Van Wyk, Majola said he had negotiated with the IPL for bonuses for his staff.

However, Van Wyk said this declaration had not been sufficient, particularly with regards to the substantial amounts involved.

"With the whole statement there is something fishy," he said.

"It should be declared with names. And, to my mind, seeing that the amounts are substantial, it should have been declared.

"I don't think that (verbal statement) is adequate."

SAPA

Comments
  • Michelle - 2012-01-17 12:33

    Ja, right!!

      Janice - 2012-01-17 12:53

      ERROR????????????????? Okaaaaaaay, whatever! More like a f up!

      Gareth - 2012-01-17 13:33

      This reminds me of the lyrics to GYM CLASS HEROES - Can't keep my hands (oh), my hands (oh), my ha oh hands (oh) Can't keep my hands (oh), my hands (oh), my ha oh hands (oh) Can't keep my hands (oh), my hands (oh) My hands out the cookie jar

      Gareth - 2012-01-17 13:34

      You see I got this problem I need help trying to solve it Because meeting after meeting and I'm still a cookie-holic You can hide 'Em I'm gonna find 'Em on the counter in the closet And I'll say I ain't do it with my face covered in chocolate...

      Mike - 2012-01-17 13:59

      Can I come work for the CSA? May I come and work at CSA?

  • Emile - 2012-01-17 12:43

    ooops! hulle het perongeluk n paar MILJOEN in my gatsak gedruk omdat ek nice is, sorry, nie geweet dis verkeerd nie! Dude, kyk wat het met Hansie gebeur, het jy niks geleer nie!

  • ivan.coetzee2 - 2012-01-17 12:44

    Cricket is meant to be a gentlemans game, pity their aint one in sight at CSA!

  • Merkwaardig - 2012-01-17 12:45

    What did their employment contracts say? Were they oblidged to divulge such information? If yes, fire them. If no, fire the laywers that advised the HR department in writing the contract.

      roberta.keeling - 2012-01-17 13:37

      I don't think it would be in their contract to divulge this information. But the CSA financial people should have divulged in their reports where the money went. I cannot believe that Majola can award himself millions without the finance director knowing about it. If he did, and also scored, and then "forgot" to put it in the financial reports, he should be fired, and charged!

      garethjphillips - 2012-01-17 14:44

      In terms of the King Report on Corporate Governance as directors, their earnings had to be disclosed, regardless of what their contracts did or did not say.

  • Max - 2012-01-17 12:51

    They must be idiots if they believe him....the sad thing is they are.

  • Brett - 2012-01-17 12:55

    This is a joke, really when is this sh*t going to stop......news as of late is either about "some" greedy @#$%&er stuffing their pockets with money or some poor bastard is getting murdered or killed. Bring back the porn debate!

  • Larry - 2012-01-17 12:58

    Rubbish.

  • mr.louis.nel - 2012-01-17 13:02

    "If we knew at that stage, when we had the remuneration committee (meeting), that they had already received these bonuses, we would not have given them eight times the monthly salary." Who gets such fat bonusses anyway?!

      Deon - 2012-01-17 13:25

      The 3 soccer bosses got a bit more, but it was not hidden away. Fire Majola minister.

  • Anthony - 2012-01-17 13:03

    I want I want I want wtf?????

  • Pat - 2012-01-17 13:05

    The South African story. Oops! Theft is still theft. Where are the honest respectable gentleman of this sport???? No moral obligation to do the right things anymore.

      roberta.keeling - 2012-01-17 13:39

      They're in it for the money, Pat. Their interest in the sport has looong gone!

  • Gail - 2012-01-17 13:16

    ERROR?? I think that the remuneration committee should be held accountable for 50 percent of the repayment because they are appointed to study documentation, especially when it involves lots of lolly

      Mike - 2012-01-17 14:04

      I love the surprised look on his face? It's says: "Me?????? There is no extra money in my account??!! What money???". "Now honey, go and put your new Porche in the garage before the neighbours sees it!!"

  • patrick.saunders123 - 2012-01-17 13:18

    Why do they need bonuses for work they get paid huge salaries for in the first place? Too much gravy, not enough train.

  • Hendrik - 2012-01-17 13:20

    What about possible "tax evasion" on such large bonuses received direct from IPL and ICC? Can SARS not be asked to investigate and go after Majola & Co. Although he thinks he can walk on water, so did Al Capone and eventually tax evasion is what they nailed Capone with. Here's hoping.....

  • Chumscrubber1 - 2012-01-17 13:25

    Why did van Wyk not ask for the details when told the okes had received bonuses? Rubbish, he is also part of the whole deal - the whole lot of them are greedy ogres that need to be brought to book. At least pay all back plus interest, plus penalties. Corruption seems to be a very aggressive disease. Disgusting. Thieves!

  • roberta.keeling - 2012-01-17 13:33

    Exactly! Why should anyone be paid a bonus on top of the salary that he is paid to do a job? And it's not as if they are poorly paid! Overpaid is more like it. A few years ago Bacher earned R56 thou a month if I remember rightly. And then he took R5 mill to "boost his medical aid and pension fund"? Does he want to tell us that his earnings werenot enough to give him a liveable pension? Lot of thieves they are, crooked and greedy!

  • Roy - 2012-01-17 13:36

    Would seem as if a bunch of IDIOTS run CSA and were aware of what they were doing but thought they could get away with it by keeping quiet. The whole bloody lot should be sacked and all bonuses etc should be paid back. This includes Ali Bacher. What type of Dr was he that he did not make provision for his retirement and why should CSA pay for it?

  • Tshiamo - 2012-01-17 14:16

    The tenderprenuers (read ANC) are giving the expression to saying" To err is human a whole new meaning".

  • Dennis - 2012-01-17 14:33

    The worst deadly sin is GREED and there are quite a few South Africans guilty of this sin !!!

  • Vic - 2012-01-17 15:16

    1stly,let's get rid of Ali Bacher story.He was a medical practitioner who are allowed to call themselves "Dr.",whilst in medical practice.Unless they study further(which he didn't) & then qualify for a Doctorate, they are NOT allowed to refer to themselves as Dr,once they leave the profession.Ali Bacher left MANY YEARS ago (probably about 40yrs ago),& became a cricket administrator,but of course he loved the "title" & being referred to as "Doc" all the time.!!Have you noticed how many politicians & top sports "bosses" have now acquired this title.!! Yes, Ali (Barba & the 40thieves?) got Pd R5M bonus,for the staging of the Cricket World Cup in 2003 (think it was). Absurd, as you say, when he was simply doing the job he was employed to do. Of course becoming a Sports administrator, is what "these" people aim for, as best way to "steal" money & get Pd a fortune,when the money should go to the players & development of youngsters.!!Why do you think guys like Blatter fight tooth & nail to hold on to their positions & look at their unbelievable wealth.!Why get a "proper" job, when you can make & steal more, from Sports Administration.??!!Of course Majola is simply another SCUMBAG thief, who should've been fired a LONG long time ago.!! If he's NOT fired very soon & made to repay the bonus money + interest,it will simply mean CSA is totally corrupt & I don't know WHEN we'll be able to recover from it & get decent sponsors back on board to help keep cricket going & develop it further!

      Riaan - 2012-01-18 12:36

      Well said.

  • Christopher - 2012-01-17 16:14

    Gerald Majola is starting to look more and more like a very crisp piece of burnt toast. I hope this horrible little man - outted as both a liar and a thief by both Ali Bacher and Norman Arendse - gets more than a little jail time. AND gets to pay all of his ill-gotten 'bonus' back.

  • camiel.phillips - 2012-01-17 19:10

    Dr Ali Bacher received R5M for? Everybody is on Majola's case.Let us hear what all you guys have to say about your Dr Bacher.

  • Lance - 2012-01-18 09:55

    There were many rumours around the time that Hansie Cronje got stitched up, that he was a fall guy for quite a few "big boys" in SA cricket. Among these big boys was our friend Ali Bacher. "Chickens coming home to roost" springs to mind. And Yes. SARS can take these guys out for not declaring income. I just hope that they do...

  • sandra.j.rennie - 2012-01-18 11:57

    As the CSA is a section 21 Company there are no bonuses paid to anyone. Gerald Majola should have known this being quite offay with the rules of said Company.

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