Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

eskomThe Sunday Independent writes that plans to privatise Eskom emerged after senior executives met last week at a closed executive forum, “Eskom cannot save itself”.  

Last week, the power utility confirmed that it was working on a new corporate plan that would assess “if any assets will be sold”.  The state-owned entity (SOE) is R390-billion in debt.  Eskom’s Khulu Phasiwe confirmed a new corporate plan would provide guidance on the structure of Eskom and its role in the renewable energy space.  He explained that the plan would address issues such as the utility’s staff complement and “if any assets will be sold”.  “It’s important to note that staff reductions have not been raised in all the engagements that Eskom had with the trade unions.  All these matters will be shared and debated with the trade unions first,” said Phasiwe.  Zwelinzima Vavi of the SA Federation of Trade Unions (Saftu) said that selling off Eskom would be a declaration of war against the poor and Saftu would fight this till “the last drop of blood”.  He added:  They are not going to face Saftu alone.  They will face the National Union of Metalworkers of SA, the National Union of Mineworkers and even Solidarity and all other 147 working-class organisations.”  He also said:  “The handing over of power generation to private institutions will be the last nail in the coffin.  Because of the signing of the IPPs, 90,000 people face being thrown into the streets and we can’t have that.”  A senior source within Eskom revealed that a further 15,000 jobs faced the axe to cut costs and reach its sale revenue targets.

Read a summary of this report by Ayanda Mdluli at The Sunday Independent and read the full report on page 1 of The Sunday Independent of 7 October 2018


Get other news reports at the SA Labour News home page