Today's Labour News

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eskomANA reports that the Democratic Alliance (DA) on Sunday urged Public Enterprises Minister Lynne Brown to stop bonus payments to “ineffective” Eskom executives.  

Brown has the power to stop “the handover of millions of public money to Eskom executives who have utterly failed, and, in some cases, are the cause of the dire financial situation at the power utility”, DA spokeswoman, Natasha Mazzone said.  This referred to short-term bonuses of R5.5-million for three former and current executives, which formed part of a R13-million payment for top executives, namely R2.1-million for former Eskom CEO Brian Molefe, R1.5-million for suspended acting CEO Matshela Koko, and R1.9-million for CFO Anoj Singh.  Mazzone claimed that Eskom finances were in a shambles and she claimed that the state-owned power utility “may not be able to pay salaries to its 49,000 employees come November,” which Eskom has since refuted.

  • Read this report in full at eNCA
  • Read too, Broke Eskom to splash on bonuses for Molefe, Koko, at Sunday Times
  • And also, Eskom confirms executives, including Brian Molefe, to get bonuses, at eNCA
  • The DA’s press statement in this regard is at DA Newsroom

Get other news reports at the SA Labour News home page