TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      Alviva shares leap higher on R3-billion take-private offer

      30 June 2022

      Datatec to sell Analysys Mason for as much as R4.1-billion

      30 June 2022

      Eskom ramps up load shedding as crisis deepens

      30 June 2022

      Signs Eskom crisis is creating diesel shortages

      30 June 2022

      Huawei, MTN to help build 5G-powered ‘smart mine’

      30 June 2022
    • World

      Graphics card prices plummet as crypto demand dries up

      30 June 2022

      Bitcoin just had its worst quarter in a decade

      30 June 2022

      The NFT party is over

      30 June 2022

      Samsung beats TSMC to 3nm chip production

      30 June 2022

      Napster plots crypto comeback

      29 June 2022
    • In-depth

      The great crypto crash: the fallout, and what happens next

      22 June 2022

      Goodbye, Internet Explorer – you really won’t be missed

      19 June 2022

      Oracle’s database dominance threatened by rise of cloud-first rivals

      13 June 2022

      Everything Apple announced at WWDC – in less than 500 words

      7 June 2022

      Sheryl Sandberg’s ad empire leaves a complicated legacy

      2 June 2022
    • Podcasts

      How your organisation can triage its information security risk

      22 June 2022

      Everything PC S01E06 – ‘Apple Silicon’

      15 June 2022

      The youth might just save us

      15 June 2022

      Everything PC S01E05 – ‘Nvidia: The Green Goblin’

      8 June 2022

      Everything PC S01E04 – ‘The story of Intel – part 2’

      1 June 2022
    • Opinion

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022

      How AI is being deployed in the fight against cybercriminals

      8 April 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»Eskom bosses must pay back bonuses: DA

    Eskom bosses must pay back bonuses: DA

    News By Editor7 March 2014
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Pylons-sunset-640

    The Democratic Alliance is demanding that R31m in bonuses paid to Eskom “directors” be “returned” to national treasury following Thursday’s rolling blackouts, the first since 2008’s power crisis.

    The DA says it wants the money paid back so that it can be used to buy generators for hospitals and emergency services affected by the power cuts, which became necessary after heavy rains this week led to Eskom’s coal stocks becoming wet.

    The opposition party said it was basing the R31m figure on information published in Eskom’s financial statements last year.

    It said “board members” that must pay back their bonuses included outgoing CEO Brian Dames and former chief financial officer Paul O’Flaherty. Other “directors” named by the DA are Bhabhalazi Bulunga, Thava Govender, Erica Johnson, Steve Lennon, Dan Marokane, Ayanda Noah and Mongezi Ntsokolo.

    However, the people listed in the party’s statement are or were all members of Eskom’s executive committee rather than its board of directors. Only Dames and O’Flaherty were on the board.

    “Given the unacceptable power crisis we currently find ourselves in, and the reasons for South Africa still experiencing rolling blackouts six years after the last period of rolling blackouts, they neither deserve nor can they reasonably justify awarding themselves bonuses for good performance,” DA MP Natasha Michael said in the statement.

    “When board members are unable to deliver on their mandate, they should get warning letters, not bonuses.”

    Michael said the deadline for completion of the Medupi power station project has been moved out three times due to what she called “Eskom’s mismanagement”.

    She said the Eskom board had “simply raised prices and let South Africa down”, harming businesses and costing jobs.

    “South Africans are rightly furious with Eskom rewarding itself when numerous delays in the construction of the Medupi power station, which has resulted in the project being significantly over-budget, has left our grid without the necessary capacity to deal with external challenges such as heavy rains,” she added.

    “It is both shameful and unforgiveable that six years after our last energy crisis we are back to square one. There must be accountability for this monumental failure that has let South Africa down. Eskom’s directors should start this process by handing over their bonuses without delay.”  — (c) 2014 NewsCentral Media

    Ayanda Noah Bhabhalazi Bulunga Brian Dames Dan Marokane Erica Johnson Eskom Mongezi Ntsokolo Natasha Michael Paul O'Flaherty Steve Lennon Thava Govender
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleCarrim blocks SABC chair from CEO post
    Next Article Cell C’s anti-MTN ad must go

    Related Posts

    Alviva shares leap higher on R3-billion take-private offer

    30 June 2022

    Datatec to sell Analysys Mason for as much as R4.1-billion

    30 June 2022

    Eskom ramps up load shedding as crisis deepens

    30 June 2022
    Add A Comment

    Comments are closed.

    Promoted

    Billetterie simplifies interactions between law firms and clients

    30 June 2022

    Think herding cats is tricky? Try herding a cloud

    29 June 2022

    How your business can help hybrid workers effectively

    28 June 2022
    Opinion

    Has South Africa’s advertising industry lost its way?

    21 June 2022

    Rob Lith: What Icasa’s spectrum auction means for SA companies

    13 June 2022

    A proposed solution to crypto’s stablecoin problem

    19 May 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.