'Eskom cannot afford salary increases'

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

READ: 'Eskom is making workers pay for management's mismanagement and corruption'

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...


Recommended

by NEWSROOM AI
Read More
"Poverty premium" hits poorest hardest with high data costs

"Poverty premium" hits poorest hardest with high data costs

Koketso Moeti says South Africa's underprivileged are the ones paying a 'poverty premium'.

First the snake and Doom pastors, now congregants fed dog meat! What's going on?

First the snake and Doom pastors, now congregants fed dog meat! What's going on?

Prof David Mosomo says their role as the CRL Rights Commission is to compile reports, so legislation can be implemented.

Overstaffed Eskom refuses unions call for wage hike

Overstaffed Eskom refuses unions call for wage hike

Eksom has refused the call for a 15% wage increase for workers and is currently overstaffed by some 16 000 workers.

We are in a very dire financial situation - Eskom

We are in a very dire financial situation - Eskom

The parastatal explains why workers will not be receiving an increase this financial year.

'Eskom is making workers pay for management's mismanagement and corruption'

'Eskom is making workers pay for management's mismanagement and corruption'

Saftu says Eskom will be retrenching 10 000 jobs in the next three years on top of the wage cut this year.

[LISTEN] Former Trillian exec on why she blew the lid on corruption

[LISTEN] Former Trillian exec on why she blew the lid on corruption

Bianca Goodson says weeks before she resigned, the Trillian CFO Tebogo Leballo said Pravin Gordhan would be replaced.

Popular articles
'Drug traffickers are used as a decoy'

'Drug traffickers are used as a decoy'

Director at advocacy group Locked Up SA, Patricia Gerber describes the extent of drug trafficking from South Africa.

Sucking titties does not cure cancer, it detects it - Lillian Dube

Sucking titties does not cure cancer, it detects it - Lillian Dube

Actress, Cancer survivor and activist Lillian Dube shares why she decided to be a cancer activist.

Yet another wet and cold weekend for Gauteng warns weather service

Yet another wet and cold weekend for Gauteng warns weather service

Gauteng residents are warned to brace themselves for another weekend of heavy rain, possible hail and damaging winds.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.

'It's unacceptable that government officials pay R75 for luxury apartments'

'It's unacceptable that government officials pay R75 for luxury apartments'

IFP national spokesperson Mkhuleko Hlengwa says the party is calling for a review of these rates that are a cost to taxpayers.

Getting drunk improves creative problem solving - Harvard Business School

Getting drunk improves creative problem solving - Harvard Business School

Bruce Whitfield asks branding and advertising expert Andy Rice about a peculiar study that has creatives reaching for the tequila.