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Loadshedding kicks in again but Eskom wants R1.8bn in bonuses

Loadshedding kicks in again but Eskom wants R1.8bn in bonuses

6 January 2020 7:05 AM

In a strongly-worded affidavit, electricity regulator Nersa’s acting full-time member for electricity Nomfundo Maseti has accused Eskom of abusing court process in its urgent application to be heard this coming Wednesday. According to Maseti, Eskom is hiding the true extent of its own inefficiencies and maladministration – which is the real reason for its financial destruction. This includes providing R1.8 billion for performance bonuses over three years, overspending on maintenance with no clear benefit, and borrowing to fund its spending rather than cutting costs.

The Political Desk: Loadshedding kicks in again but Eskom wants R1.8bn in bonuses

Loadshedding kicks in again but Eskom wants R1.8bn in bonuses
Guest: Adil Nchabeleng, Energy Analyst


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