Eskom says unaffordable deal will add R1bn to wage bill
Increase of 7% signed with unions is ahead of the expected inflation rate
05 July 2022 - 14:20
UPDATED 05 July 2022 - 23:23
Union leaders have signed a 7% across-the-board wage deal with Eskom, adding R1bn-plus to the salary bill of the cash-strapped state-owned company and ending a weeklong wildcat strike that deepened SA’s electricity supply crisis.
The pay hike agreement, which is above the headline inflation rate of 5.9% forecast by the Reserve Bank for 2022, will also see about 28,374 Eskom employees in the bargaining unit getting a R400 increase in the housing allowance...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.