Today's Labour News

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eskomSowetanLive reports that Eskom chief executive Brian Molefe‚ who has steered the parastatal to almost 11 months of no loadshedding‚ has been rewarded with a total remuneration package worth R9.5-million for his efforts.  

This works out to a R792‚000 monthly salary‚ excluding bonuses‚ which Molefe said would be reflected in the company’s annual results for the current financial year.  Molefe was roped in from Transnet and he has helped to stabilise the electricity supply.  Eskom also had to dig deep to pay former chief executive Tshediso Matona and former finance director Tsholofelo Molefe following their resignations last year.  The total remuneration package of the Eskom executive directors rocketed to R30-million in 2015/2016 from R8.1-million in 2014/15.

  • Read this report by Mpho Sibanyoni in full at SowetanLive

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