Depsite the threat of strike action by workers, Eskom cannot afford to increase salaries.
Deputy editor at the Financial Mail Sikhonathi Mantshantsha told Bongani Bingwa that the parastal has been in a debt spiral for years.
Eskom cannot afford. It borrows money to pay salaries, it borrows money to pay debt.— Sikhonathi Mantshantsha, Deputy editor: Financial Mail
It just cannot afford the number of people it has employed at the moment.— Sikhonathi Mantshantsha, Deputy editor: Financial Mail
Trade unions have threatened strike action as a last resort if their demands for a salary increment of 15% are not met.
Trade unions exist to serve their employees and they are doing exactly what they should be doing.— Sikhonathi Mantshantsha, Deputy editor: Financial Mail
Listen to what Mantshantsha thinks about the upcoming job losses...