The Sunday Independent reports that Eskom suffered huge losses and incurred irregular expenditure of billions of rand at the same time the power utility paid former bosses Brian Molefe and Matshela Koko millions of rand in salaries and bonuses.
In audited financial statements, tabled in Parliament, Eskom revealed that Molefe, who was chief executive, was paid more than R6 million in 2017. In addition, he was paid a bonus of R2.1m in the same year. Molefe was paid another R958,000 in other payments. Former Eskom chief financial officer Anoj Singh was paid R4.8m in salaries and R1.8m in bonuses in 2017. In addition, Singh was paid R522,000 in various other payments. Former acting chief executive Koko was paid R3.8m in salaries, R1.4m in bonuses and another R79,000 in other payments. Sean Maritz, who was also appointed acting chief executive at the power utility for several months, took home a salary of R2.6m and raked in R1.1m in bonuses. Maritz also bagged R155,000 in other payments. Eskom stated that it incurred irregular expenditure of R19.2bn between 2012 and this year.
- Read this report by Siyabonga Mkhwanazi in full at IOL News
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