Eskom management makes millions
Top management at Eskom have been paid tens of millions of rands in bonuses, despite the power cuts and problems that have plagued the electricity supplier, says the Democratic Alliance.
"Eskom's last three annual reports show that the power utility's ability to supply the country with power has had little bearing on the amount senior executives are paid in bonuses," DA public enterprises spokesperson Manie van Wyk said in a statement on Thursday.
Over this three-year period, Eskom's top management was paid a total of R143m, including R57m in bonuses.
"In addition to the current electricity woes, this time period also includes the ongoing power outages experienced in the Western Cape because of problems with the Koeberg power station.
"It is surprising to note that while Eskom has encouraged the nation to save electricity, it has failed to use its finances wisely – spending in excess of R100m on under-performing managers, rather than on critical expenditure such as maintenance and the financing of new power projects."
Van Wyk said his party would submit a parliamentary question to establish how the bonuses were agreed on, and whether they were tied to any performance targets.
Loading ...