{"id":364582,"date":"2020-01-07T11:23:27","date_gmt":"2020-01-07T09:23:27","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=364582"},"modified":"2020-01-07T11:23:27","modified_gmt":"2020-01-07T09:23:27","slug":"eskom-wont-pay-out-performance-bonuses-but-will-pay-13th-cheques","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/364582\/eskom-wont-pay-out-performance-bonuses-but-will-pay-13th-cheques\/","title":{"rendered":"Eskom won’t pay out performance bonuses – but will pay 13th cheques"},"content":{"rendered":"

Eskom says it has not applied to the National Energy Regulator of South Africa (Nersa) for R1.8 billion to pay performance bonuses, as reported<\/a> <\/strong>in a Sunday newspaper.<\/p>\n

The power utility said in a statement<\/a> <\/strong>on Tuesday (7 January), that its application for the three year period did not include any allocation for performance bonuses.<\/p>\n

However, it does include a provision for an annual bonus which is the equivalent of a 13th cheque and forms part of employees’ normal remuneration package, it said.<\/p>\n

“For those employees for whom a 13th cheque is not part of their conditions of service (i.e non-union employees), an option is given to structure their package to provide for a 13th cheque without increasing their overall compensation.<\/p>\n

“In keeping with a board decision reflecting the poor performance of the business, no performance bonuses have been paid to employees in the last two years.”<\/p>\n

Eskom added that Nersa incorrectly disallowed these contractual costs, and therefore, they do not form part of the allowed revenue granted to Eskom.<\/p>\n

Load shedding<\/strong><\/p>\n

The increased scrutiny on Eskom’s spending comes as South Africa constantly lives under the threat of daily power cuts.<\/p>\n

The company was able to avert power cuts for much of the festive period as many businesses closed during the holiday, however, it was forced to implement stage 2 load shedding again over the past weekend.<\/p>\n

While no power cuts have been scheduled for this week, Eskom has warned that its system is under strain.<\/p>\n

Businesses are expected to return by mid-January, which will increase the demand for electricity. \u201cThe system remains constrained and vulnerable, and as such load-shedding stage 2 will, unfortunately, have to continue,\u201d Eskom said.<\/p>\n

\n

Read: Cosatu\u2019s plan to save Eskom without losing jobs<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Eskom says it has not applied to the National Energy Regulator of South Africa (Nersa) for R1.8 billion to pay performance bonuses, as reported in a Sunday newspaper.<\/p>\n","protected":false},"author":10,"featured_media":364548,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[1164,26],"class_list":["post-364582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-eskom","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/364582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=364582"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/364582\/revisions"}],"predecessor-version":[{"id":364588,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/364582\/revisions\/364588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/364548"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=364582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=364582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=364582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}