Home Finance Eskom executives get R6m bonus each

Eskom executives get R6m bonus each


Johannesburg – The National Union of Mineworkers (NUM) was disappointed by Eskom Executive’s decision to award themselves a R6 million bonus each from a pool of R1.7 billion.

NUM is currently engaging with Eskom for wage negotiations which will happen when they meet this coming Friday to discuss the conduct of the executives whom it alleged to be undermining the wage talks. Mandating on Eskom’s l%-7% wage offer would continue before negotiations resume on July 13, the union said according to BDlive.

NUM energy sector co-ordinator Paris Mashego said in a statement that the union “is extremely disturbed by the comments made by the Eskom’s spokesperson, Khulu Phasiwe, who said the 7% wage increase tabled by Eskom will lead to deeper cost cuts. “Eskom is not cash-strapped. It is profitable. Evidence of financial stability could be derived from Eskom’s advance payment of R578m to Tegeta, a Gupta-family-controlled company supplying the utility’s Arnot coal-fired facility in Mpumalanga.”

However Phasiwe said on Friday information on the annual bonuses would be made available when the entity released its annual report in July.

Phasiwe also slapped down claims by the NUM that an Eskom executive had said that black female employees were poor performers and therefore deserved below the minimum salary increase. “Based on this shared responsibility, the recent statement by NUM is therefore inaccurate, malicious and misleading. Eskom remains committed to the advancement of women, especially black women,” Eskom said.