Eskom report shows its workers are close to SA’s best paid - Mike Schüssler

(Also read: Eskom wants you to pay 19.9% more for electricity… or else!)

The average Eskom worker earns R789 000 per year, according to economist Mike Schüssler.

When excluding executives and senior managers, the average Eskom employee’s earnings still exceed R600 000 per year.

Schüssler made the calculation using the publically available Eskom annual report.

According to Schüssler, Eskom is one of the best paying employers in South Africa, with its workers in the top 1% to 2% of households in terms of income.

Unions are embroiled in a wage dispute with Eskom, with workers demanding a 15% wage hike.

Eskom on Thursday warned consumers that power supply may be under threat with several workers being intimidated, and at least one hospitalised.

The company claims that some workers are deliberately cutting electricity to certain areas.

The Money Show’s Bruce Whitfield interviewed Schüssler.

Listen to the interview in the audio below the tweets (and/or scroll down even further for quotes from it).

Eskom pays better than the municipalities…

Mike Schüssler

We don’t know what the median is… The electricity sector has a high median…

Mike Schüssler

It’s become way out of kilter… there’s less electricity produced than a decade ago… There’s a third more staff than a decade ago…

Mike Schüssler

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our mailing list

* indicates required

Recommended

by NEWSROOM AI
Read More
JSE Limited lost 10% of its value on Monday

JSE Limited lost 10% of its value on Monday

The Money Show’s Bruce Whitfield interviews Nicky Newton-King, CEO at the JSE Limited.

Astral Foods, employer of 12 000, is at risk due to failing water infrastructure

Astral Foods, employer of 12 000, is at risk due to failing water infrastructure

Government dreams about bullet trains and megacities, but don't provide basic services, says Chris Schutte, CEO at Astral Foods.

Investec gives staff unlimited leave days and freedom to wear what they want

Investec gives staff unlimited leave days and freedom to wear what they want

The bank rewards innovation with substantial bonuses and pays according to output not hours at work, says Lesley-Anne Gatter.

Eskom wants you to pay 19.9% more for electricity… or else!

Eskom wants you to pay 19.9% more for electricity… or else!

The Money Show’s Bruce Whitfield interviews Chris Yelland, MD at EE Publishers.

How to never-ever fall prey to ID theft… and info about a free service if you do

How to never-ever fall prey to ID theft… and info about a free service if you do

The Money Show’s Bruce Whitfield interviews Manie van Schalkwyk, Executive Director at The South African Fraud Prevention Service.

Funny-man John Vlismas gets dead serious about money

Funny-man John Vlismas gets dead serious about money

The Money Show’s Bruce Whitfield interviews Vlismas about his attitude to money (hopes and fears, successes and failures, etc.)

Popular articles
Public Protector has now become a "rogue unit", says Judge Kriegler

Public Protector has now become a "rogue unit", says Judge Kriegler

Busisiwe Mkhwebane is reportedly probing President Cyril Ramaphosa for alleged money laundering to the tune of R400m.

[WATCH] Sho Madjozi first female South African to win BET award

[WATCH] Sho Madjozi first female South African to win BET award

The rapper, singer and songwriting superstar walked away with the best new international act on Sunday evening in Los Angeles.

Rand Water: 'Don't panic, there will be water!'

Rand Water: 'Don't panic, there will be water!'

Spokesperson Justice Mohale explains that only one purification plant will be affected by the company's planned maintenance.

Gauteng waitress gets R18,000 tip for 'amazing service'

Gauteng waitress gets R18,000 tip for 'amazing service'

A waitress at The Beerhouse in Fourways who received the generous donation wants to finish her matric and become a paramedic.

[WATCH] Looks like 'Mabena' found his way to Sona and Mzansi had a good chuckle

[WATCH] Looks like 'Mabena' found his way to Sona and Mzansi had a good chuckle

The name Mabena has become synonymous with out of step and clumsy soldiers, and it seems one made an appearance at Parliament.

How long to keep tax records available for inspection in South Africa

How long to keep tax records available for inspection in South Africa

Should you keep them "forever"? Tax expert Chris Sloane on the requirement to keep tax records available for inspection by Sars.

Innovative medical glue replaces stitches and staples

Innovative medical glue replaces stitches and staples

Bio-Technology Ph.D. student at the Israel Institute of Technology Alona Shagan explains device similar to a standard glue gun.

Your employer can ask your doctor to write an affidavit to support a sick note

Your employer can ask your doctor to write an affidavit to support a sick note

Law says if a traditional healer is part of medical council with a registered number he or she can write a medical certificate.

Lagos to become the world’s largest city with a population of 100 million

Lagos to become the world’s largest city with a population of 100 million

Lagos - home to 22 million people – is suffering an extreme housing shortage. Bruce Whitfield interviews Lee Kasumba.