Thursday, June 30, 2011

Eskom reacts to uproar over executives’ pay hikes

By Khanyisa Tabata
30 June 2011

Eskom has rejected accusations that its executives’ salary increases, amounting to 109-percent, are inappropriate.

It says the four executives whose pay packages are listed in its annual report joined Eskom very recently.

Their 2011 full year packages, therefore, compare to pro-rata payment during 2010.

According to Eskom the executives who were in place throughout 2010 and 2011 saw their pay packages increase by an average five-percent or less.

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