Court gives Hlaudi Motsoeneng seven days to pay back R11.5m ‘success fee’ with interest
Former SABC COO Hlaudi Motsoeneng was paid a 'success fee' in 2016 by the then SABC board under questionable circumstances for negotiating a deal with MultiChoice for broadcast rights, including access to the SABC's archives. File photo.Former SABC boss Hlaudi Motsoeneng has been given seven days by the Johannesburg high court to repay the public broadcaster R11.5m.
Judge Jenine Khan ordered that Motsoeneng repay the SABC the money with interest amounting to 15.5% per annum calculated from 13 September 2016 within seven days from 15 December. However, on Friday morning, Motsoeneng told Sowetan that he was yet to read the judgment and will only respond once he has done so.
According to the 65-page judgement, delivered on Wednesday, in the event Motsoeneng does not pay within 7 days, the SABC Pension Fund, the first respondent in the matter, is ordered to pay the aforementioned amount to the SABC.The SIU and the SABC had approached the court to review and set aside a decision by the former SABC board to pay Motsoeneng a success fee and recover financial losses suffered by the SABC due to that decision.
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