July 20, 2010
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The board of SA Airways will institute action against its former CEO Khaya Ngqula, who left the company in March 2009, in order to recover R30.8 million, chairwoman Cheryl Carolus said on Tuesday.
Steps would be taken to recover R27 million spent on retention bonuses for SAA employees under Ngqula, which was in excess of his authority, Carolus told media in Kempton Park.
The board would also seek to recover R3.3 million for the hiring of hospitality suites in various sports stadiums by Ngqula.
It would also institute action for at least R500 000 for free junkets Ngqula granted to friends.
"The law requires us to take every reasonable step to recover the money," Carolus said. - Sapa