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EWN reports that some economists have expressed shock after Eskom agreed to a 7% annual increase for all non-managerial employees over the next three years.
During their central bargaining forum meeting on Thursday, Eskom reached an agreement with the National Union of Mineworkers (NUM), the National Union of Metalworkers of SA (Numsa) and Solidarity. Chief economist of the efficient group, Dawie Roodt, said the 7% annual wage agreement was a slap in the face of taxpayers. “We’ve got something like 45,000 people getting paid by Eskom and they are getting increases well ahead of the inflation rate in South Africa while many millions of South Africans are losing their jobs. There is no way we can allow this,” he reacted. CEO for the South African Savings Institute, Gerald Mwandiambira, said the cost of this agreement was likely to be felt by the taxpayer: “It will have an impact on the majority of the country in terms of the Eskom customers because that cost is likely to be passed on to the customers either directly through electricity bills or indirectly through subsidies which are obviously supported by the government.” The wage agreement will come into effect from next month until 2026.
- Read the original of the short report in the above regard by Orrin Singh at EWN
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