Business Report writes that Cosatu has welcomed the decision of Parliament's Public Enterprise Committee to institute an urgent inquiry over Eskom’s reappointment of Brian Molefe as CEO.
The labour federation said on Wednesday it hoped it would be a wide-raging investigation. It added that this inquiry would help spare the country of any further humiliation sparked by Molefe’s return to the power utility. Saying that the ‘Molefe saga’ also placed a spotlight on the culture of exorbitant salaries for company executives, Cosatu expressed the hope that Parliament would consider introducing legislation that would regulate remuneration of both public and private sector executives. It said that because the country faced a high wage inequity gap between executives and subordinates, it was unacceptable that executives' high salaries went unchallenged.
- Read this report by Zintle Mahlati in full at Business Report
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