In an effort to cut Eskom’s bloated workforce, finance minister Tito Mboweni is trying to persuade the older and consequently more expensive workers to take generous retirement packages. His eye is on the 600-odd managers who are collectively doing a pretty poor job and seemingly need ridiculously large salaries to do it.

The danger is that competent managers will take the package, knowing their skills and experience will gain them employment elsewhere, while the incompetent are more likely to remain, not fancying their chances in a highly competitive jobs market in the outside world...

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