Browsing: Eskom

Riddle of the Eskom billions

Where will the money come from? This is the key question arising from confusion over cabinet’s decision to “support” — as opposed to authorise — a proposed additional R20bn for power utility Eskom.

Eskom defends CEO on pay

Eskom on Thursday defended the pay and bonuses for its executives, including CEO Brian Dames. The public utility said in a statement that Dames’s salary increase was only 10,6% and that his reported 91% increase was due to “performance bonuses” from the previous two years.

Eskom rakes in huge profit

Eskom posted a R3,6bn net profit for the 2009/10 year, the electricity parastatal said on Wednesday. The previous year the utility had reported a R9,7bn loss.…

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