Today's Labour News

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RamokgopaTimesLIVE reports that Electricity Minister Kgosientsho Ramokgopa has promised that Eskom workers will enjoy a “better Christmas” if the power utility improves generation capacity.

This is despite the ailing state-owned entity posting a net loss after tax of R24bn, up from R12bn the previous year, and the government recently announcing planned cost-cutting. It also comes as load-shedding alternated between stages 2 and 3 for most of last week after a nine-day reprieve. Ramokgopa made this promise during an oversight visit to the Arnot power station on Monday in a clip shared by Newzroom Afrika. “If you continue the good work [and] the better the performance, the better the incentive. You’ll see it in your pockets. Once you give us the kind of progress, the kind of improvement we want, you’ll see your families will be happy and you’re going to enjoy a better Christmas. Let us undermine load-shedding,” he stated. Eskom presented its annual results for the year ended March 31 last Tuesday. Its debt burden increased from R396bn in the 2022 financial year to R423bn in 2023. Acting CEO Calib Cassim said the utility had had to implement load-shedding on 280 days during the year, compared with 65 days the previous year.

  • Read the full original of the report in the above regard by Khanyisile Ngcobo at BusinessLive

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