SABC News - Eskom to pay out millions in bonuses:Monday 17 July 2017

Eskom to pay out millions in bonuses

Monday 17 July 2017 08:42

SABC

Former Chief Executive at Eskom, Brian Molefe is among those who will receive a bonus.

Former Chief Executive at Eskom, Brian Molefe is among those who will receive a bonus. (SABC)

Eskom has confirmed that it is to pay multi-million rands in bonuses to present and former executives, including former Chief Executive, Brian Molefe.

The Democratic Alliance wants Public Enterprises Minister, Lynn Brown to stop the bonuses.

Eskom spokesperson, Khulu Phasiwe says all deserving employees who contributed in the past financial year will receive bonuses.

“In 2015, we were sitting at about R28-billion. On Wednesday, when we release our results we will be showing that we are actually sitting at nearly R40-billion. So that it is the measure of profitability, and the management team together with everyone else within Eskom were measured against that, and because they have met and exceeded the target that the Minister had given them, it is against that principle that management and everyone else who qualify will be getting this bonus.”

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