[LISTEN] Eskom insists there will be no bonuses despite threats from unions

The National Union of Metalworkers of South Africa (Numsa) says its members view Eskom's decision not to pay bonuses as a declaration of war and deal breaker in the ongoing wage negotiations.

Eskom's spokesperson, Khulu Phasiwe, says their stance has not changed because the money is simply not there.

The issue of the bonus in terms of our initial discussions has been a separate matter and we said to the unions we will have a separate meeting and we did last week where we informed them of our position and where we stand.

Khulu Phasiwe, Eskom spokesperson

READ: 'Eskom cannot afford salary increases'

Phasiwe says they met with all three unions recognised within Eskom and communicated this decision.

ALSO READ: Eskom borrows R33.4 billion from China (backed fully by you, the taxpayer)

We did say to them there will be no bonus even what we had offered the previous two years is on the table because the company is posted a huge net loss.

Khulu Phasiwe, Eskom spokesperson

Listen what Eskom is expecting to happen on Friday...


Recommended

by NEWSROOM AI
Read More
5 things we all must realise about the money SA is ‘getting’ from Brics

5 things we all must realise about the money SA is ‘getting’ from Brics

The Money Show’s Bruce Whitfield interviews Marius Oosthuizen of the Gordon Institute of Business Science.

China commits to invest $14.7 billion in South Africa

China commits to invest $14.7 billion in South Africa

Dr Martyn Davies says a bulk of this money is going into saving the cash strapped state owned entities like Transnet and Eskom.

Eskom borrows R33.4 billion from China (backed fully by you, the taxpayer)

Eskom borrows R33.4 billion from China (backed fully by you, the taxpayer)

The Money Show’s Bruce Whitfield interviews Dr Iraj Abedian, CEO at Pan-African Investments and Research Services.

SA and China sign multi-billion rand deals ahead of of BRICS summit

SA and China sign multi-billion rand deals ahead of of BRICS summit

The most notable agreement is a loan of $2.5 billion provided to Eskom from the China Development Bank.

Eskom not laying charges against McKinsey

Eskom not laying charges against McKinsey

Sikonathi Mantshantsha says Eskom states it has laid criminal charges against its former employees but not against McKinsey.

Should people go to jail? Those caught in the wrong should pay the price - Eskom

Should people go to jail? Those caught in the wrong should pay the price - Eskom

The Money Show’s Bruce Whitfield interviews Eskom CEO Phakamani Hadebe.

Eskom reports R2.3 billion loss in the past year

Eskom reports R2.3 billion loss in the past year

Eskom released its Annual Financial Results on Monday reporting on over R19 billion in irregular expenditure since 2012.

[LISTEN]  Is the “average annual salary” for Eskom employees really R780,000?

[LISTEN] Is the “average annual salary” for Eskom employees really R780,000?

Africa Check looked into an infographic making claims about employee numbers, salaries and output at the power utility.

Eskom reports R19 billion in irregular expenditure

Eskom reports R19 billion in irregular expenditure

The power utility released its annual financial results on Monday coupled by its future plans to stabilise the company.

Without coal, there is no Eskom - Analyst

Without coal, there is no Eskom - Analyst

Senior coal analyst at XMP Consulting, Xavier Prevost, says if coal runs out, there is no Eskom anymore.

Popular articles
[LISTEN] Beware of the 'money bomb' scam this festive season!

[LISTEN] Beware of the 'money bomb' scam this festive season!

CEO of SA Banking Risk Information Center, Kalyani Pillay chats about the new festive season scam that's robbing people blind.

I broke my cell & deactivated my account after I saw Gigaba's vid - Coconut Kelz

I broke my cell & deactivated my account after I saw Gigaba's vid - Coconut Kelz

In the Current Affairs segment, satirical comedian Coconut Kelz chats about the real reason behind Malusi Gigaba's resignation.

[LISTEN] Cervical cancer is the only cancer that is caused by sex - Dr Eve

[LISTEN] Cervical cancer is the only cancer that is caused by sex - Dr Eve

Dr Eve discusses cervical cancer and how it can be prevented.

[LISTEN] Is Gqom really music? Callers share their views

[LISTEN] Is Gqom really music? Callers share their views

Callers on the open line discuss class appropriation by musicians and music genres.

Angry customer stops at nothing to expose bad service at upmarket hotel

Angry customer stops at nothing to expose bad service at upmarket hotel

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

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"

Telkom 947 cycle challenge road closures update

Telkom 947 cycle challenge road closures update

Joburg motorists are urged to take note of road closures during the 2018 Telkom 947 Cycle Challenge.

Nondisclosed medical conditions may not matter in death claims - Ombudsman

Nondisclosed medical conditions may not matter in death claims - Ombudsman

32-year-old Brent Kruger was gunned down in gang crossfire but his life policy was denied by Old Mutual.