Eskom executives score R11 million in bonuses

The Democratic Alliance says that Eskom’s top 10 officials received almost R11 million in bonuses in 2014.

This was revealed in a reply to a DA parliamentary question Minister of Public Enterprises, Lynne Brown, and is over and above their salaries of R32.7 million.

Last week, the embattled South African power utility told four of its top executives to “step down”amid an inquiry believed to be related to performance.

The executives sent to the sidelines include CEO Tshediso Matona, finance director, Tsholofelo Molefe, and two others.

The company is also under fire from unions for its retrenchment policy.

The DA said it has previously called for Eskom executives to pay pack the estimated R63 million they have been rewarded with since load shedding began in 2008.

“We see no reason why this call is not applicable in this circumstance,” said Natasha Mazzone, DA shadow minister of public enterprises.

Mazzone said she has written to the Chairperson of the Portfolio Committee on Public Enterprises, Dipuo Letsatsi-Duba requesting that she summon Minister Brown to appear before the Committee to explain why the executives received incentive bonuses even as they were presiding over the collapse of the company.

“If the Minister is at all serious about resolving the current crisis and holding those tasked with it accountable, she must put an immediate freeze on executive bonuses at Eskom, until the company is stable once again. Anything short of this sends the message that failure at Eskom is acceptable,” Mazzone said.

Eskom has been forced to implement countrywide rolling blackouts in 2015 as it tries to build up power reserves.

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Eskom executives score R11 million in bonuses