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Fin24 reports that Public Enterprises Minister Lynne Brown is holding off remuneration increases for Eskom’s executives, but she has approved a 4.6% increase for non-executives.
The power utility indicated in statement on Saturday: "Public Enterprises Minister Lynne Brown ... approved a below inflation increase of 4.6% in non-executive remunerations for the company, and has decided to defer the decision regarding remuneration increases for Eskom’s executives." No further details were provided about the decision to defer pay hikes for Eskom’s executives. Brown commended the Eskom board and executive management team for stabilising the country’s national power grid.
- Based on a report at Fin24
- Eskom’s press statement is at Eskom online
Get other news reports at the SA Labour News home page