Eskom wants SA to pay R1.8bn in bonuses as loadshedding returns

Eskom wants SA to pay R1.8bn in bonuses as loadshedding returns

Eskom is expecting South Africans to pay an extra R1.8 billion in bonuses to the power utility. This is despite the news that loadshedding has returned and the company is struggling to keep the lights on.

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Briefly.co.za learned that the allegations that Eskom is seeking a huge payout for bonuses have been revealed in the court papers filed by Nersa (National Energy Regulator of SA).

South Africa was estimated to have had stage 4 loadshedding had it not been for the festive season and the closure of many factories for the holiday period.

Stage 2 loadshedding was introduced this weekend after a conveyor belt failed at the Medupi Power Station.

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Nersa is preparing for a court appearance in which Eskom plans to request an extra R69 billion from the people of South Africa.

During its preparation, Nersa found that Eskom was seeking an additional R1.8bn solely for the purposes of paying performance bonuses between 2019 and 2022 according to city-press.news24.com.

If this money were paid to all Eskom employees, 47 658 of them, each would receive approximately R88 000.

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The last time Eskom posted it's earning it revealed that it had lost R20 billion and this is expected to be repeated this year.

Yesterday, Briefly.co.za covered a story about the return of loadshedding as factories resume production in the new year.

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Source: Briefly.co.za

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