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.

eskomBusiness Report writes that Eskom’s proposal of a tariff increase of 15% for three years has been met with harsh criticism, with Cosatu warning the state-owned power utility that this could very well be its the death knell.  

The labour federation said on Tuesday that if the National Energy Regulator of SA (Nersa) approved the hikes, the mining industry was likely to move off the grid and set up electricity plants at the mines.  Cosatu went on to note:  “We have seen no solid and coherent plan to turn the utility around, or manage the escalating debt levels and eradicate corruption.  We are yet to see a forensic audit of its legendarily corrupt contracts.”  What Cosatu found even more upsetting was that the extra money would to be used to cover the massive R419 billion debt incurred by Eskom through years of corrupt and incompetent mismanagement.  The United Association of SA (Uasa) also slammed Eskom, describing the proposal as a slap in the face of already over-burdened workers.  It said:  “Workers are stretched to the limit and can barely make it through the month on their take-home pay.  How does Eskom imagine milking and holding South Africans to ransom for its poor leadership and corruption will improve anything?”  Eskom CE Phakamai Hadebe indicated that the company would reach a debt level of R600 billion should it fail to implement its proposals.

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