Broke Eskom to splash on bonuses for Brian Molefe, Matshela Koko
The parastatal is down to its last R20bn and could find itself unable to pay November salaries
Scandal-plagued Eskom has only enough cash to last it for the next three months — but it still wants bonuses to be paid to axed CEO Brian Molefe, suspended acting chief executive Matshela Koko and others.
According to its annual financial statements, the power utility is sitting on its last R20-billion. This means that, unless something is done urgently, the parastatal could find itself unable to pay November salaries.
The financial statements, which the Sunday Times has seen, were presented to Public Enterprises Minister Lynne Brown late in June. Her office on Saturday refused to comment, saying it was premature.
Read the full article in the Sunday Times.