Cancelling bonuses and increasing tariffs won’t fix Eskom’s problems
Eskom’s senior executives will not take their annual bonuses for the financial year 2013/14. The utility’s interim CEO, Collin Matjila, says that this decision was made as part of Eskom’s efforts to cut costs in light of the projected R225-billion revenue shortfall over the five-year period 2013 – 2018. The decision to forgo bonuses […]