Monday, September 07, 2015

DA concern by high salaries of Eskom executives

Loyiso Langeni
07 Sep 2015

The Democratic Alliance has summoned Public Enterprises Minister Lynne Brown and Deputy President Cyril Ramaphosa to Parliament to explain the R50 million salaries spent on top executives for poor performance.

DA’s MP Natasha Mazzone said Eskom’s Integrated Report 2015 on the entity’s financial performance for the 2014/2015 financial year shows clearly that Eskom is in a financial crisis with a revenue having fallen from R7 billion to R3 billion during the period under consideration.

The party has noted with concern that although Eskom continue to perform exceptionally badly these salaries continue to be exorbitant and increased annually.

“We find it unacceptable that the executives are accepting these exorbitant salaries considering that they cannot keep the lights on.

We have no problem with high salaries being paid to experienced directors if they are in fact doing their job but when the lights don’t stay on the executives cant be paid those salaries,”   Mazzone said. 

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