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Well...
05/09/2008 08:28
If it is true that the 3-4 years prior he only got 4% then I suppose it's not too bad that he gets a bit of a hike. "IF".
I'm more concerned with the other two salary increases over 60% though. Now that is outrageous and warrants severe drinking all weekend long.
B - Brandon |
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Do as I say
05/09/2008 08:35
...............and not as I do, truly an indication of the times we live in. - Gail |
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Tito
05/09/2008 08:36
Agree so much! This now was one year where Tito could have scored browny points... but eish, he lost many credit with this action. So predictable of the fat cats.... - JR |
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ignorance is bliss
05/09/2008 08:37
it only smacks of hypocrisy if you base your decisions on the little that you know, and what exactly do you know? Perhaps his increase was performance related, especially in the trying times we currently are in?
Once you know everything, and perhaps sat in meetings where his increase was discussed, then you can make a judgement call, otherwise keep quiet. - turbo_superboss |
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Get over yourself!!
05/09/2008 08:38
The man deserves his increase! There are no bonuses and share options for Tito. He gets paid a third of top CEO in the finance sector BEFORE additional remuneration. The man has done an excellent job. Do u not think he would be snapped up for double his salary in the private sector? It is also part of his job to tell people to tighten their belts, and it is not hypocritical as his salary is determined by a committee. Viva Tito Viva!! - Fuzz |
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ANC Members
05/09/2008 08:39
DONT get paid for doing their jobs. They get paid for their positions, for their skin colour and for whom they know. - Sinudeity |
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I agree
05/09/2008 08:41
I wouldn't have had a problem with even an 18% increase. But what really and utterly dumbfounds me is his deputies getting between 60 and 60%!!! What the hek!! Is that true? - dave the brave! |
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No No No Len
05/09/2008 08:41
Mr. Mboweni is an excellent person to have as governor of the reserve bank and is doing an outstanding job! If you doubt his abilities, simply look at the situation in other comparable international countries like India to see how fortunate you are to have a brilliant head at the wheel of monetary policy! As long as he does such a good job, give him 40%! - Econ |
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Other CEOs
05/09/2008 08:42
This is not unique to only SARB as Top Management in all companies do get rewarded with exorbitant bonuses and share incentives. The retail industry are probably one of the worst culprits in this regard ? the majority of there workforce work on a part time or casual basis and at times employees have to work 7 days a week and only take home less that R800 at times. This wage is way below a living wage. Your article would have carried more value and substance if you included these facts and named and shamed all other CEOs and managers who age guilty of the same sin. - colin |
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Paded pockets
05/09/2008 08:43
No wonder he is willing to stay on another term - no matter who the next president is. With a well padded pocket anyone can live where costs and inflation are hurting the poor and middle class people of South Africa. Is this not what we are seeing all around in South Africa's leaders? Take care of yourself while you can. Taking care of your people is not important. Is Mandela the only exception?
Where will this end? - gjs |
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You sound surprised?
05/09/2008 08:43
you should not be ,its the way. Look after myself and to hell with everyone else. It's the way it is. - IceCreamMan |
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13%+1??
05/09/2008 08:44
"13% + 1% like everyone else"
It has been ten years since my company, a leading national IT corporate, has paid even half what you say "everyone else" gets. I have resigned myself to getting poorer every year, and am on the edge of bankruptcy right now, as I did not even get an increase this year, while ten years ago I considered myself fairly well off.
- Gavin |
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Gravytrain
05/09/2008 08:45
Just another one... - jfky |
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TITO
05/09/2008 08:45
I personally feel he deserves every cent. Like Jeremy said this mornig on Highveld, SARS, Minister of Finance and Tito are our key heads of our country's finances. Take a look of the amount that SARS brought in from the taxpayers. These are the only government departments are that are giving back to the poor. - VJN |
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whatever
05/09/2008 08:47
Get a life man! The "tightening belts" call had to do with erroneous spending you fool. I fail to see how getting a decent "above-inflation" increase has anything to do with that. - Tito fan |
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not surprised
05/09/2008 08:48
Agreed, and not surprised by this hypocrisy! - pj |
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One of the corrupt dont you think????
05/09/2008 08:48
And we criticize corrupt officials, when the man in charge of the finances takes the biggest chunk for himself. Amazing how they aired the story a day before on how desperate the country is to keep him on for another term. The next line we will hear is that they had to pay him that increase to stop him from leaving. Judging from the last two years, I say, let him go if thats his cost to the country. Its outrageous. - Zet |
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His belt is loose now
05/09/2008 08:50
he has always made statements such as those with 4X4 will return them to the garage. I am sure he will not return his with this salary increase he got. His belt is loose now so he has more to spend. - Percentage |
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Fat Cat Get Ritcher
05/09/2008 08:51
Yet again the fat cat believe that thet do not need to be treated the same as the average public Joe. Tighten your belts, keep increases related to inflation, hell if you do this then I can get my increase at 2.5 times more than inflation. Just another example of the people in power abusing there positions to further there own personal gain. Talk about double standards, practice what you preach. - Fred |
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Absolutely ludicrous
05/09/2008 08:55
but not surprising in the least. government is full of hypocrites. - TS |
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CEO's
05/09/2008 08:55
Make all decisions around a table with advisors and boards and the like. Whether it's Tito or others, I am not as easily impressed. The job aint that hard. Every move you do you check and recheck with others - 2 day policy meeting to decide as a group, blah blah. - AJ |
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R3.9M is small peanuts for Governor
05/09/2008 08:56
Even with the 27.5% increase the governors salary remains reasonable. I have no qualms with this increase! - Hero Nakamura |
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Salary increase
05/09/2008 08:57
Len please stop acting like an idiot, are you saying when every body gets their increases, one man namely Tito must no get his. How dare you? and remember making a noise all the time make us realize how stupid you are. Mr Mboweni says get your salaries and bonuses but spent them wisely ok" - Conny |
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Compare apples with apples
05/09/2008 08:57
South Africa has a large budget surplus, so it can afford the pay rise. Although I agree that a 27.5% pay rise is ridiculous. He tells us to tighten our belts because we are living on borrowed money; this has nothing to do with the budget surplus. In the meantime, heed his advice: cut out the luxuries and buy groceries with your own money. - James |
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He has to afford the Cuban cigars...
05/09/2008 08:58
and Saville Row pin-stripe suits somehow.Not sure if we can blame him entirely for the inflation rate though,especially after I have witnessed first hand how many South Africans are still running up their credit cards for even the smallest of purchases.By the way Len,my apologies if I at all offended you and "Big Bad Bob".After your thoughtless inference of yesterday that the couple shot to pieces by the cops should have known better,you are in fact only a cold-hearted piece of work. - The Truth |
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Increases
05/09/2008 09:01
Fact - Tito would be able to earn more working for a corporate. Fact - He has had 4% pay increases for the last two years. Fact - are you telling me that each one of us would snub a 27.5% pay increase?
Another thing Tito hasnt personally pleaded poverty - he has acted on what you the reader have put yourselves into; loads and loads of debt. - Womble |
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Sorry, I disagree.
05/09/2008 09:02
Compared to his counterparts in the private sector he is being massively underpaid. Add to that, his increases for the last three years were only 4% per increase. He is doing a great job. I will be the first to confess that I had great reservations at his appointment, & he has proven me wrong. He works like a slave to keep the economy in line. - sarah |
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Sounds like Swaziland...
05/09/2008 09:04
Swazilands King is one of the richest monarchs in the world, while his people are dying of hunger. Mrs Mugabe goes shopping in France, while Zims are dying of hunger... And isn't ANC partners with communist party? Shouldn't they be against obtaining personal wealth. Good to see my taxes going for a "useful" purpose... - HT |
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Well sort of
05/09/2008 09:04
I don't think he has to be a man of the people, as long as he's a man for the people. His advice to reign in our spending is valid regardless of his situation. Whether he deserves his increase, not sure if it's for me to judge, only his boss will know what he's accomplished in relation to his targets. Interesting article though, thanks. - Marcel |
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Hey everyone, just admit it....
05/09/2008 09:09
I'm going to admit it, unlike most of the commentators so far - I'M SO JEALOUS!!!!! If I was Tito, I would be smiling all the way to the Ferrari dealership. I wouldn't care what people thought as I drove my new F430 out the driveway. Can we all admit that our salaries are pathetic and our increases were even more pathetic this year. Go Tito! Enjoy the cash and please give me a ride in the new wheels sometime... - gazmic |
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Its a lot
05/09/2008 09:10
but at least he is doing a good job. Yes, inflation is high and so are the interest rates, but had someone incompetent been at the wheel we could be in a far worse situation (just look at how much worse off many other similar countries are). The economic pressures are due to international factors beyond our control, he hasn't done too badly keeping the effects thereof under control. He's one of the few ANC buggers that actually earn their salary. - OB1 |
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Tito's 27,5%
05/09/2008 09:11
When will this country of ours realize that education, security and health services are the main pillars of the future of our people. Men and women alike, who are excellent in their work are being lured away for financial reasons to other countries. Being in education myself, I have seen the quality of education going for a loop. Educators who are passionate about their work are becoming more and more despondent. I urge you to look after those who can help mould the youth of our country. - Johan |
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just think for a moment please
05/09/2008 09:11
Len, the one day you try to pass of our crime rate as not much worse than elsewhere, and trying to defend incompetent authorities. Now you attack our one piece of authority that actually commands world wide respect. Have you ever heard of career progression? Surely a reserve bank governor with 10 yrs experience earns more than one with 5. The 27-13% is the progression component. And I am 100% sure you demand experience and seniority level increases in whatever line you are in. - kwk |
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VJN
05/09/2008 09:12
you only have to look at our economic meltdown with tito raising interest rates unnecessary. He is partly to blame for the current economic situation but as is like with eskom the people that make the situation worse get all the bucks. The sars what is so good about an organisation that takes money from your pocket more than they should be taking??? nothing good about sars... - makondo |
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Jaco Maree @ 18M
05/09/2008 09:13
Guys, the real fat cats on this article is Jaco Maree and this other chap Tom Boardman. They are scooping 18 million and 11 milion respectively. its like winning the lotto every year. Poor Tito he is 12 million behind his counterparts. - Ben |
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LvH, what else was Gov going to do with income
05/09/2008 09:13
Received from higher taxes & proceeds from higher interest rates (from us)? Its also called wealth distribution, i.e. take from previously advantaged & employed / employers, then give to previously disadvantaged. Seems like ANC Gov is following Zim example. Had respect for Tito, now obvious he is one of them (ANC Corrupt officials). On the other hand if we were in his shoes, what would we have one??? Mmmm Another BEE enrichment project???? - Matrix |
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Job reservation
05/09/2008 09:14
How would we really know if Tito is worth the money? Do any of you guys sit in on his performance appraisel? Having worked in Government myself - no one there deserves to earn anywhere close to private sector salaries. Government is the refuge of the incompetent. 90% of government staff wouldnt survive a month in the private sector without getting fired. Same as the old regime - provide sheltered employment for your cronies. Whats new? - Stryker |
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Tito
05/09/2008 09:15
Fact remains, raising interest rates based on erroneous, convoluted data did more harm to the economy than good. It did absolutely nothing to curb inflation. They were not related to such a large degree after all. It was ignorant and misguided. And he (and SARB) has now effectively admitted that the whole system was wrong. So, he FAILED at his job. Made thousands of people lose their homes and INCREASED poverty and suffering. What a bloody a$$hole! - seeker |
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Len i fully agree
05/09/2008 09:17
It's absolutely disgraceful, We get to tighten our belt and he gets 29%, it's shameful. - John Camp |
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@Percentage, Hence the reason the larger sized...
05/09/2008 09:18
Gov Officials at all levels. Intimidation of populus due to weight advantage. Reminds of Sumo wrestlers. Also, propping up their pension packages, i.e they realise that (like in Zim) the value of the Rand will depreciate, therefore they need to make provision for it. He??? - Matrix |
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@Turbo-Superboss and Co
05/09/2008 09:20
Do not assume that because you are ignorant that others are also ignorant. Tito's remuneration was discussed at length by Bruce Whitfield, who interviewed the chair of the remuneration committee last night around 6:22pm. If you bother to read what I wrote, I do not begrudge Tito getting this money, I just find it odd that he was telling everyone else (deserved or not) that they should not be negotiating for huge salary increases and he takes ne himself (silently at that) - Len van Heerden |
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Chicken Wings
05/09/2008 09:21
As Tito once stated, the people must now eat chicken wings rather than the fillet steak. What a hypocrite. Just another fat cat at the throne... Earning more than what he is worth. - Wildboy |
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13% + 1
05/09/2008 09:21
I think there is a few of us like Gavin, the past few years, 3-5% increase is the norm. As I am part of the management level, you can't be part of a union and get the increase they negotiate for the lower workers. Most of us it getting poorer every year then Tito complaining about us using credit. If you don't get an increase keeping up with inflation (nevermind his 27%), what else can you do to buy food and petrol. - ??? |
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Gravy train has picked up another passenger
05/09/2008 09:22
Econ, did you honestly say "situation in other comparable international countries like India". India has one of the fastest growing economies in the world. Have you dozed of and fallen on your head? And Fuzz, if Tito could be earning double in the private sector, would he have not left for greener pastures already? The fact is that private sector CEO's have accountability. Can Tito account for our current interest rate fiasco? How is the increase justified in our current economic climate? - Kamz |
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it adds up
05/09/2008 09:23
it is that bad giving the man a hike but to say he is "doing a good job" is madness....I am also doing a good job,all those workers on the mines are also doing great jobs and all of you,when not on internet,are also doing great jobs.....but the point is just that goverment spend money on themselves as if there is no tomorrow and then me with the 6% increase has to feel sorry for the car gaurd cause goverment failed him(and other poor Saffers)cause he did a great job too, - william |
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Indifferent
05/09/2008 09:23
As someone said, maybe he deserves it. You weren't in the increase meeting so you not 100% in the loop with what considerations were taken to come up with that, hey good luck to him he isn't suffering like the rest of us. It makes the deciding factor to raise interest rates easy for him. He won't feel it. - Point Blank |
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Then again...
05/09/2008 09:24
Mboweni did do the unpopular thing to safeguard us against high inflation. Not many bigwigs risk taking the unpopular highroad... How often do we here him make extreme comments in the media (like Nqakula's stop complaining and leave statements). Our inflation rate is not too high, and the guy shuts up and does his work. If he leaves, who/what will replace him? - HT |
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@the Truth
05/09/2008 09:24
you know why we use our credit cards? because all the interest rates have gone up, and its the only way we can afford our necessities - I cannot afford take-aways and evenings out, by the way, so what luxuries can I cut out? My house? my car? - carel |
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I wonder
05/09/2008 09:25
if the MASSES actually understand how much money these people they so blindly support are earning? I wonder what the outcome would be when one day the masses ACTUALLY wake up to see how the ANC main cheeses benefit while they sh!t bricks to make ends meet?... The masses are stil dropping like flies. Well done Tito... BUT why don't you donate that to an welfare organisation or something usefull... OOPS funds will be gone in no time? - Francois |
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WHO GOT 13% + 1% Increase
05/09/2008 09:27
Only toy toying unions get this, 4 - 8 % for us normal workers. Inflation is under 10% if you live in a shack, use public transport, and most of your possesions fell off the back of a lorry. For the rest it's closer to 20%, Insurance, Medical Aid, Transport, Bond and Food clear the rest of us out monthly? Tito's a thief, like the rest of the ANC gov!!!! - Nick |
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Its not fair at all
05/09/2008 09:29
we need to bridge the gap....if people who earn less that R5000 can get all these increases instead until we have no one earning below R10000 in south africa....
in my world, it would be the perfect reality...
it hurts to hear that there are people who earn in a month what some people will not even make in their lifetime...
this world is an unfair place.... - Amelia |
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@Brandon
05/09/2008 09:29
Yes, Tito has taken 4% in the preceeding years and I think in those years he deserved more. I am just concerned as to the timing, especially after the announcements of belt tightening and warning of inflation dangers regarding salary increases. - Len van Heerden |
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Clever thinking at times of increases
05/09/2008 09:30
I think he is doing a reasonable job, the only place where you can fault him is the timing of implimentation of the "new" basket. The way to have increased his pay was through bonus of achievement of results and keeping the basic salary increase at inflation related. Credibility, you have lost that Tito! Unfortunately, you will be judged by that as you are instructing SA to tighten belts, but you are not doing the same! - christo |
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Real target
05/09/2008 09:30
I think for a lot of people they are not pissed at Tito so much as as they are pissed at 'Executive' remuneration in general. I dont blame Tito in this regard, it is the nature of the beast. I do hate it when they talk bout the 'special skill', 'pressure' etc because I dont buy a lot of that rubbish. These posts are rewards (private or govt). - AJ |
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Its a lot
05/09/2008 09:36
but at least he is doing a good job. Yes, inflation is high and so are the interest rates, but had someone incompetent been at the wheel we could be in a far worse situation (just look at how much worse off many other similar countries are). The economic pressures are due to international factors beyond our control, he hasn't done too badly keeping the effects thereof under control. He's one of the few ANC buggers that actually earn their salary. - OB1 |
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KWK
05/09/2008 09:37
Tito Mboweni made comments about reigning exorbitant salary increases because of the effect they have on secondary inflation. Does he deserve to be paid more? Yes, a lot of people deserve to be paid more but his statement has resulted in hardening of the stance by several companies listening to his advice. I therefore think the timing of his salary is unfortunate. Perhaps he will withdraw his comments about wage negotiations? - Len van Heerden |
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Well done Tito
05/09/2008 09:37
Personally I think the man deserves his increase, and did his level best in his position considering a nation seemingly overly credit hungry. He could easily command a bigger pay check in private practice, and he is still the right man for the job as is ol' Trevor on the other side of the same spectrum - TTBoy |
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Tito
05/09/2008 09:38
With all the grabbing hands out there, I think anybody who is able to keep a country's finances in check (Tito, Manuel ,etc) deserve good salaries. At least they add value unlike some others. - CC |
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Well said 'kwk'
05/09/2008 09:40
Len van Heerden is a chameleon and changes his tune when it suits him. If you are consistent people will listen to you, but if you display inconsistencies in your thinking then you are taking a chance. Len grow up, People in this country cannot afford cars they drive nor can they afford houses they live in. this is the story of this country. dont blame the governor if you cannot meet your over priced expectations of living. I dont see you complain when a soccer star gets bought for Euro50m. - xyz |
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i can't believe what i am reading here
05/09/2008 09:40
there are alot of people worshiping this guy and i am beginning to think the same people are posting under different names. This guy is partly to blame for the inflation as he has approached it the wrong way. Hiking interest rates is not working yet he keeps doing it cmon ppl open your eyes this guy is not doing a good job. - terence |
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Another FAT cat...
05/09/2008 09:42
He was quick to critizise Investec the other day; hopefuly he'll ask for an inflation rate increase in the same manner.Cosatu, why are you guy's not speaking out ?? This proves that he's just another politician, bugger the poor,as long as I'm OK charlie. So TITO, how many STEAK'S are we having...FAT CAT - Mpho |
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@John Camp
05/09/2008 09:44
It's 27.5% not 29%. You can't even read but you want to criticize! - Hero Nakamura |
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The Truth
05/09/2008 09:46
I really think you either need to read properly, or get an education. This is what I wrote "I am sure the Joburg family that was shot by the police know what shoot to kill mean. After escaping a potential life threatening situation, they found themselves attacked by the police told to shoot to kill. Cannot blame the police.." An intelligent person (not you) knows this reflects badly on the dep. minister of police and not the family who were innocent victims for her statements on shoot to kill - L van Heerden |
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Simple Minds
05/09/2008 09:46
All numbskulls, Tito is the best reserve bank governot this country has had - it's called parity, compare his salary to Ben Bernanke US Fed Gov, same job same hours same expertise before crap is spoken. - Jedi |
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Another Simple Mind
05/09/2008 09:49
as for the chop going on about inflation targeting - i'm agasp, not heard about macro economics? Imported inflation? Economic variables that are dictated to an economy? Inflation that is a result of a healthy and growing ecomomy? Please take the day off and do some reading..... - Jedi |
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@Len van Heerden
05/09/2008 09:51
It seems to me that you actually don't have a problem with Tito's salary increase, but only at his comments that might have directly or indirectly affected you own increase. hehehe... - Hero Nakamura |
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If it was 4% on 0..I would understand
05/09/2008 09:51
but it wasn't! a 4%-5% increase on what must have been roughly 1 mil to start with is not bad at all. I would also be able to live credit free and pump money into my savings if I earned that salary. He has a helluva cheek!!! If he was thinking outside the box on ways to try and stem the rampant inflation I would have understood, but he and his cronies have done nothing but sit and watch their policies kill the middle class. - MajorPain |
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@fuzz
05/09/2008 09:52
You dont have a clue what provate CEO's get, so please shut you whap.... - JB |
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All wrong
05/09/2008 09:53
how can all you people who support this characters increase, justify the fact that he has'nt done his job that well,-refer to the inflation figures-warrants such an exhorbitant increase. SA is by no means a wealthy country. The taxes are far to high for what the people get back. Compare this to other first world countries...Oh sorry SA is not 1st world and I can gaurantee it never will be. With the likes of you sheep supporting this kind of abuse, you'll always be poor s/africas. Viva New Zealand - DAB |
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Christo
05/09/2008 09:54
Unlike so many who have responded, I think you get my drift. No one should begrudge Tito getting R4m and those accusing him of corruption really need to have the poles pulled off their bums. My problem is the timing, rather than what he deserves. He deserves R5m in my opinion, but a 28% increase when you have told others that exorbitant increases will affect inflation is what make him a hypocrite (not what he deserves to earn) - LvH |
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@ Conny
05/09/2008 09:55
While you may disagree (so do I) with the view of others (in this case Len), is it really necessary to insult the man? Guys, lets start maturing as commentators, and learn to debate without resorting to cheap insults (I've been guilty of it myself). play the ball, not the man, or the conversation degenerates into emotive and derogatory name-calling, which achieves nothing. - OB1 |
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@Len
05/09/2008 09:56
Please tell us your salary an increase you got this year. If you don't, what the hell has someone else's salary got to do with you! It seems more that you don't understand the basics of the economy. If you don't pay Tito the right amount of money you will lose him. I promise you that the business world out there will snap him up, whereas the directors of Eskom will only be window dressing at most. Go Tito you deserve it my bro! - Rhapelang |
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Tito derserves...
05/09/2008 09:56
every cent he got as an increase. I do not purport to be an economics guru however from little that I know Tito has done an excellent job under trying conditions. It's truly surprising that u consider him to be a mampara of the year! - theDriver |
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Disgrace
05/09/2008 10:00
The Big Tit should go on a diet. Shame on you! Clearly you sleep ok every night. Karma will get you in the end! - Sick to the bone |
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@ Johan
05/09/2008 10:00
"Educators who are passionate about their work are becoming more and more despondent. I urge you to look after those who can help mould the youth of our country.". I'm totally with you on that!! Its shocking how badly teachers are paid and treated by the dept. How are they supposed to deliver a quality education when so many obstacles are placed in there way. Its our children who are going to suffer at the end of the day. - OB1 |
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@carel
05/09/2008 10:00
I'm with you on that boet as I have debt myself (not bad debt but the usual home loan etc.).Fortunately I drive a second hand vehicle which is fully paid for.Not saying that you are living above your means at all but others are,and by using more credit they are merely adding to their woes.One cannot create debt to pay off debt,otherwise it becomes a never ending cycle. - The Truth |
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@ Johan
05/09/2008 10:00
"Educators who are passionate about their work are becoming more and more despondent. I urge you to look after those who can help mould the youth of our country.". I'm totally with you on that!! Its shocking how badly teachers are paid and treated by the dept. How are they supposed to deliver a quality education when so many obstacles are placed in there way. Its our children who are going to suffer at the end of the day. - OB1 |
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@Len van Heerden
05/09/2008 10:00
You should become a union leader and fight for all the underpaid staff whilst their CEO's rake in excess of R15m pa. heh he hee hea hah - mama bolo |
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He deserve +150% salary increase
05/09/2008 10:01
The increase is a shame if u look after 44+million population.His responsibilities as governor are huge..We've seen the impact of external forces to our currency. Thats beyond his control, there is nothing he can do about it unless u anti-Tito come up with a better plan of controlling inflation. I don't know y u comparing with "Mes-kom". HE SHOULD BE GETTING +150% SALARY INCREASE PERIOD!! VIVA TITO!!!!! - TMAN!! |
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real inflation rate
05/09/2008 10:02
If you want to see what the real inflation rate is - not the one we are told - take a look at the salary increase the governor of the reserve bank gives to himself. That's where the truth lies. - susan |
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Bad timing
05/09/2008 10:02
Tightening of belts doesn't mean don't earn more it means start saving and stop overspending.
Inflasion is caused by many factors one been the major issues been oil price and credit problems more banking and retail issues. That can't be blamed on him. He has kept inflation in check and uped the lending rate when needed. Read abit and you will see the world is in the same boat. Do a bit of research before criticizing - Jason |
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Correct me if I'm wrong....
05/09/2008 10:03
Wasn't it announced a while ago that all ministers would get a salary cut rather than an increase because their salaries are so inflated and that the call for the general population to decrease spending and tighten their belts while the fat cats get exorbitant salaries and over-inflated increases, is hypocritical? I thought at the time I heard this that at least they see the imbalance and are doing something about it. Seems I was either wrong or that was just lip-service - again... - Karen |
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@Len
05/09/2008 10:04
Dude... why the hell are you ALWAYS insulting other people? "cant read", "not educated" bla bla bla... and PS: the "police" who shot those people were the ones who pulled that trigger?! is it not... or did the dep minister do it? You're a sick puppy I wish you all the best with your righteous views on right and wrong. - Francois |
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call the whaaaaaambulance
05/09/2008 10:04
I got 20% this year. I worked hard for it. You got a problem with that, Len? - smokey-smurf |
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Deserving
05/09/2008 10:05
Go Tito! The man deserves it. - SKB |
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@ Terence
05/09/2008 10:05
You need more people like terence in SA.
Well said bud.. - DAB |
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this is a response i received from a employ at the reserve bank
05/09/2008 10:07
"Yeah, as shocked as you are, I was left speechless too.
The bugger is as ruthless and selfish I say! The man is earning about R3.8 or so millions a month! Flip, the guy is living it fresh, I bet he can buy a car cash every two month!
On the flip side of the coin, what do we get? Zilch! Nada! Zero!!! Niks!!! Peanuts!"
- makondo |
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I really don't agree with this move
05/09/2008 10:08
and we're not the US so comparing his salary to the US reserve bank governor is not realistic.
I guess then the Zimbabwean governor should also be on parity with the US governor! Astoning arguements indeed! - tshepo |
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Think about the poor
05/09/2008 10:09
Tito is eating Tax payers money.Many people have lost their houses and cars because of tito. - Lebo |
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Disagree...
05/09/2008 10:09
I support Tito's increase, at least the man does actually work instead of only rant. He is head, pay market based salary, good for him! I applaud Mr Mboweni for his efforts, Reserve Bank head is an extremely tough position! - Greg |
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Conny
05/09/2008 10:10
I don't always agree with Len, but I must defend him here. He did NOT say Tito shouldn't get an increase, he wrote about the SIZE of the increase, he also said "I doubt if anyone would blame him if he received 13% + 1% like everyone else". Who's really the "stupid one" here, Conny? You who just comment on what you think you've read, perhaps? And your "how dare you" comment - it's hilarious! Thanks for the laugh on this Friday, Conny! Have a good weekend, everyone - Chantelle |
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happy
05/09/2008 10:10
I am so happy that I have left SA to work and live elsewhere. When one reads about these "officials" raping the gravy train and what is worse, there is no end in sight. Everyone with a bit of savvy s |
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