Today's Labour News

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eskomTMG Digital reports that Eskom’s Integrated Report 2016 on the entity’s financial performance for the 2015/2016 financial year has revealed that the utility’s bosses received R18.3 million in short and long term performance bonuses.  

This would mean that in the last financial year an average of R1.6 million was doled-out for 11 Eskom directors and executives for keeping the lights on‚ Natasha Mazzone, Democratic Alliance (DA) spokesperson on public enterprises, noted.  “With ordinary taxpayers covering the bill for a R23 billion Eskom bailout in 2015‚ the average person in the street would be devastated to see bonuses of such magnitude being paid out‚” she stated.  Mazzone pointed out that since the initial electricity blackouts in SA in 2008‚ the National Energy Regulator (Nersa) had granted Eskom an annual average increase of 22% a year for seven years.

  • Read this report in full at TimesLive
  • Read the DA’s press statement on this matter at DA Newsroom

Get other news reports at the SA Labour News home page