Eskom is in crisis and should be treated as a crisis. The company is hopelessly bankrupt and operationally fragile due to years of looting, mismanagement and race obsession. The new CEO, André de Ruyter, has to be given comprehensive powers similar to that of a business rescue practitioner. If Eskom is not treated as if..
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Solidarity: Eskom is in crisis due to years of looting, mismanagement and race obsession; asking taxpayers to fund R1.8 billion in performance bonuses is wrong
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R150-million “winter challenge” bonanza considered by bankrupt Eskom – Please tell us where you will get the money from?
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Cash-strapped Eskom is considering paying its employees a R150-million “winter challenge” bonus for avoiding power cuts, a move that has been slammed by Public Enterprises Minister Lynne Brown. The submission comes a month after the power utility reportedly paid R4.2-billion in performance bonuses to staff, and two months after Brown approved bonuses totaling R13-million for..
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