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 need farsighted people who understand the technologies available and can make good decisions for the future.
Janine MyburghPresident, Cape Chamber of Commerce and Industry