https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / South African News RSS ← Back
Africa|Financial|Power|Roads|Service|System
Africa|Financial|Power|Roads|Service|System
africa|financial|power|roads|service|system
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Eskom offers workers 7% increase after illegal protests

Close

Embed Video

Eskom offers workers 7% increase after illegal protests

Eskom building
Photo by Bloomberg

29th June 2022

By: Bloomberg

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Eskom Holdings is offering workers a 7% wage increase, after the utility lost units during illegal protests that plunged South Africa into the worst blackouts since 2019, according to people familiar with the information.

The offer is for one year, said the people who asked not to be identified because the information is not public. Eskom said many workers have reported for duty at power stations after the company met with labour unions over the situation. The 7% raise is on a sliding scale with higher earners receiving slightly less, one of the people said.

Advertisement

Eskom is unprofitable with R396-billion of debt that it relies on government bailouts to service. It made an offer of as much as 5.3% before protests broke out and workers blocked roads to power stations. South African inflation rose to 6.5% in May, up from 5.9% in the previous month.

The utility’s constrained financial situation means Eskom would “have to find savings somewhere else” in order to make a higher offer, CEO Andre de Ruyter said in a briefing on Tuesday.

Advertisement

Labour groups are expected to present the revised offer to members before negotiations resume on Friday. The details of Eskom’s offer will be “made known” then, the company’s spokesperson Sikonathi Mantshantsha said in a text message.

Meanwhile the utility ramped up power cuts to so-called Stage 6 -- taking 6 000 MW off the grid -- on Tuesday in order to prevent a total collapse of the system. The same level is scheduled from 16:00 local time on Wednesday.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now