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Eskom, saddled with about R392bn in debt, has offered unions wage increases of 4%-5.3% — in line with the Reserve Bank’s inflation target range of 3%-6% — for its nearly 30,000 employees in the bargaining unit.

In a document seen by Business Day on Monday, Eskom is offering a one-year pay hike deal for increases of 5.3%, 4.5% and 4% for its 28,374 employees in the bargaining unit, a platform where the employer and unions discuss and agree on wages and other conditions of employment. Employees in the bargaining unit are spread across different salary scales...

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