Eskom: 33 000 pensioners get total of R104 million in bonus payments

Eskom: 33 000 pensioners get total of R104 million in bonus payments

- The Eskom Pension and Provident Fund has paid out R104 million to 33 000 members this month

- The fund said it hoped to 'help alleviate the financial distress' caused by the Covid-19 pandemic

- These bonuses are set at half the amount that usually gets paid out towards the end of the year

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The Eskom Pension and Provident Fund has paid around 33 000 members a special Covid-19 payment bonus to the tune of over R104 million.

The fund says it is hopeful the payment will be able to provide relief from the 'financial distress' caused by the pandemic and subsequent lockdown.

The members received payments between R3 500 and R5 425 in line with a formula that pays more out to households with lower incomes. This payment is set to half of the amount that the benefit fund usually pays out towards the end of the year.

BusinessLIVE reports that this payment is a result of 'special considerations and is not likely to be repeated in future'.


Eskom's pension fund has paid out R104 million in Covid-19 bonuses. Image: Eskom
Source: UGC

READ ALSO: Eskom cancels R100 million deal with ex-chair Jabu Mabuza's niece

Despite the hefty payment the fund claims it was able to dish out the bonuses without putting stability at risk:

"The EPPF has considered that the current crisis may have resulted in the reduction of disposable income in many pensioner households, perhaps due to a loss of livelihood of a household member, or cost increases of food items and additional expenses brought about by the national lockdown."

In other news, reported that Eskom had cancelled a R100 million tender awarded to a company owned by Nomvula Mabuza, the niece of the power utility's former chairperson Jabu Mabuza.

The contract to maintain the boiler tubes at the Medupi power station was awarded to the company early last year. A report noted that spokesperson Sikonathi Mantshantsha had explained how an internal probe revealed 'irregularities' in how the tender was awarded:

“Eskom is currently reviewing the roles played by all stakeholders in awarding the tender, including the role of its own employees. Where applicable, disciplinary processes will be pursued and criminal charges laid."

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