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Race Card and Delusional Greedy Entitlement: 0“His complaint is that he was not the highest-paid person at Dimension Data MEA. This complaint is without merit,” Dimension Data said.
“In his 12-year tenure at Dimension Data MEA, he received (directly and indirectly) in excess of R500 million. This is significantly more than the amounts received by any other executives of Dimension Data MEA over that period.”
Dimension Data also said it was “alarmed” that Ngcaba would allege institutional racism in an organisation that he led for 12 years.
“During that time Mr Ngcaba was Executive Chairman and a member of the Remuneration Committee and was privy to all salary-related information at all levels of the organisation,” the company said.
“At no point in his 12-year tenure did Mr Ngcaba raise any of the issues about which he now complains.”
“If there had been institutional racism in any form, one would have expected him to have addressed this during his tenure, in the interest of all employees,” it added.
But he says he flew to Japan to complain to Nippon when he discovered the disparity? It's either he did or he didn't.At no point in his 12-year tenure did Mr Ngcaba raise any of the issues about which he now complains.”
According to the article he was chair of the remuneration committee. So back in 2004
He claims he was unaware of the alleged disparity in pay until the Companies Act was amended, which required Dimension Data to disclose its directors’ remuneration.
The devil’s in the detail: CIPC issues a notice regarding individualised disclosure requirements in respect of director remuneration and benefitsOn 21 July 2020, the Companies and Intellectual Property Commission (CIPC) issued a notice stating that it is mandatory for annual financial statements to include a disclosure of not only the remuneration of directors and prescribed officers, but also a disclosure of all other benefits paid, payable or receivable as per sections 30 (4),(5) and (6) of the Companies Act 71 of 2008 (Act).
Because all poor downtrodden and underpaid employees hop on an international flight to complain about how little they get paid.
So he lost once before. Did he forget that one?Black economic empowerment has been harshly criticised recently, including by ANC secretary-general Gwede Mantashe, for focusing on shareholding and ownership and failing to be an effective transformation tool.www.timeslive.co.za
The businessman loses his CCMA case, in which he alleged his former employer committed unfair labour practices.www.itweb.co.za
Businessman and activist Andile Ngcaba is taking aim at his former employers again, this time in court in a R430m civil law suit he filed, alleging discrimination and unfair remuneration practices.www.timeslive.co.za
Said the exact same thing to my wife yesterday afternoon. I hope DD draw this out for a long time.I dont get it, every contract is negotiated individually, if you did a worse job at negotiation then someone else then that is your problem.
Trying to pull the race card to squeeze more money is just super lame and I hope DD wins this one on principal.
Besides, anyone who has worked at any mid to large size company in SA knows that when a director is described as an "entrepreneur" then it almost always just means they are a BEE figurehead to keep the numbers up without doing any real work.
His complaint is that he was not the highest paid person at Dimension Data MEA. This compliant is without merit. In his 12-year tenure at Dimension Data MEA, he received (directly and indirectly) in excess of R500m. This is significantly more than the amounts received by any other executives of Dimension Data MEA over that period.
We are alarmed that Mr Ngcaba would allege institutional racism in an organisation that he led for 12 years, especially given that he had a fiduciary duty and legal obligation to oversee issues of governance, transformation and remuneration across the entire Dimension Data MEA organisation. This duty extended not only to his personal interests but also to the interests of all Dimension Data MEA employees.
During that time Mr Ngcaba was Executive Chairman and a member of the Remuneration Committee and was privy to all salary related information at all levels of the organisation.
I dont feel how the figure paid to him is relevant without disclosure on how much the other execs were paid - to me that just appears to be a tactic to portray him as a money grabber.
How speshul do you want to be?