- Feb 11, 2017
The bonus will just be renamed to something else and paid anyway , its friends signing off on friends income.
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That's already happening. Eskom shows loss of R20bn, but the accounts owed by Soweto, at R40bn is a debtor and an asset. If it were written off as bad debt as happened in the past, Eskom would be a R60bn loss. To me, it isn't a recoverable debtor as residents cannot pay.Now watch the income statements being manipulated!
That’s my concern as well. Blanket policies almost never make sense. Even with R400B debt, there are likely employees that actively prevented this going down to R800B. Those people should still be paid.So now all the people that are left that actually know anything will simply leave for greener pastures
It will cause a riot of note. This f-up is the consequence of the ANC giving people free stuff from the beginning.Why is Eskom not cutting of Soweto? Who is responsible for this?
I don't really think there is a good answer to this. I mean yes, blanket rules cause exactly this kind of problem. Some highly skilled managers will leave. But Eskom is not burning, it is in nuclear meltdown. They have to control costs. Controlling costs should be the highest priority.That’s my concern as well. Blanket policies almost never make sense. Even with R400B debt, there are likely employees that actively prevented this going down to R800B. Those people should still be paid.
One of the reasons I left my previous company was because they would occasionally apply blanket policies. E.g., one year they said, the company didn’t do that great, so no increases to anyone. Fine... except that I did do exceptionally well, and I was still playing catch-up income wise to those who were hired in the dot-com boom. One year, they also said that managers were overpaid, so no managers are getting increases. Makes sense if this was true for all versus true on average.
I know it can be hard to believe, but there could easily be some people standing between massive debt and whole new level of disaster, that may quit over this.