The time to consider bonuses for Eskom executives will come when they start cancelling corrupt contracts and recover stolen funds, and not a day before. I am amazed that bonuses have even been mentioned. It shows that the Eskom board has no understanding of the damage it has done to the South African economy and the reputation of the country or of their customers’ anger. Over the past 10 years, a succession of boards and well-paid executives have presided over the descent of Eskom from one of the top five utility companies in the world to junk status. How is it possible to even think about bonuses for such a disastrous performance? What the country needs is to see the Asset Forfeiture Unit swing into action. There is more than enough evidence to justify the seizure of at least one coal mine that I can think of, and that’s just for starters. The whole electricity industry is changing with the advent of renewables. Eskom needs a board that understands the challenges that lie ahead. We...
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.