Tuesday, January 26, 2010

Maroga to receive nine million in Eskom’s shares

By Khanyisa Tabata
27 January 2010

The South African Chamber of Commerce and Industry says a survey has revealed that taxpayers can only afford a three- to five-percent increase in electricity tariffs.

Power utility Eskom is currently considering public opinion on their three proposed 35-percent tariff increases.

Sacci’s Peggie Drodskie says they have submitted their own plans to Eskom and will hold a meeting with stakeholders in Johannesburg today.

Meanwhile, Solidarity has revealed that about nine-million-Rands in Eskom shares will be transferred to former Eskom chief executive Jacob Maroga later this year and next year.

The trade union says the shares had previously been awarded to him.

This means that Maroga, despite having left the company last year already, could still make millions out of the company if he decides to sell the shares.

No comments:

Western Cape welcomes Christmas Day babies

The Western Cape has welcomed, as of 11:30, about 18 Christmas Day babies at its public health facilities. Of these, 10 were girls. In a ...