In an effort to cut costs, Eskom announced that certain executives will be retrenched. There are currently 25 executives with more than 400 senior officials and general managers. Eskom has employed over 16,000 additional staff over the last 10 years and currently has 207 more senior staff than 17 years ago. It is not known..
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Eskom announces retrenchments, but experts say that it wont make any difference to its financial situation
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SABC nearing bankruptcy yet executives pocket R45 million in paychecks
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In times of dire financial distress, the spotlight falls on the SABC’s exorbitant executive salaries. The South African Broadcasting Corporation (SABC) is struggling to stay afloat, yet executives are still being paid millions. Usually, when a company is struggling to make ends meet, salaries are often the first expenses closely examined and adjusted accordingly. But..
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