Knott-Craig's contract 'above board'

ALAN KNOTT-CRAIG

VODACOM has slammed recent reports accusing its former CEO, Alan Knott-Craig, of riding a free wave on a R1 million a month salary after his retirement

The company's spokesman, Richard Boorman, says Vodacom has done everything by the book and there is nothing sinister in Knott-Craig's contract with Vodacom.

Knott-Craig also denied claims that he has been paid a hefty R24 million since his retirement. "I have a two-year agreement to render services to the Vodacom Group CEO personally, which also restrains me from working in SA. While I cannot disclose my remuneration, my before tax monthly remuneration is significantly less than half the R1 million quoted by the Sunday Times on 14 February 2010."