Reject R18.3 Million Bonus, DA Charges Eskom Bosses


The Democratic Alliance (DA) party wants Eskom bosses to reject the R18.3 million they’ll take home as performance bonuses.

DA asked the Eskom bosses to reject the money as their efforts to lift the burden of the 9.4% electricity tariff hike for South Africans.

The Opposition party said Eskom Executives can’t receive performance bonuses whilst almost all construction of new power stations are over-budget and long overdue.

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“This is a signal of gross under-performance which disqualifies the reasons for awarding performance bonuses in the first place.

Since load-shedding began in 2008, Eskom Executives have received over R73 million in bonuses. Excluding the R18.3 million revealed earlier this month. This is an insult to hard-working and poor South Africans. Who continue to struggle without a stable supply of electricity and basic services.

We urge the 11 Eskom directors and executives to help keeping the lights on for all South Africans by allowing the bonus funds to offset the tariff hikes even more so considering that ordinary taxpayers were forced to cover the bill for a R23 billion Eskom bailout in 2015.

The average person in the street would be devastated to see bonuses of such magnitude being paid out,” DA stated.

It added; “Eskom has claimed in the past that bonuses were awarded because the state owned entity has managed to intermittently stave off load-shedding.

Eskom Executives would do well to remember that they have one job, to keep the lights on. And, that is what their salaries are for. Bonuses on the other hand are for minimizing costs to the taxpayer, which they have failed dismally.”

With the foregoing, DA indicated that “there are numerous jobs that will be lost as electricity prices increased due to tariff hikes.”

That, the party said, “will downscale or bankrupt numerous businesses who will be forced to retrench workers.”

“Surely the Eskom Executives know that we are already in jobs crisis in the country and more frivolous use of state funds worsens the situation. The DA believes in putting the people of South Africa first and ensuring that they receive the services they pay for.

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We will not accept Eskom Executives act recklessly using state funds and further adding to the suffering of those who are jobless and cannot afford to pay for electricity,” asserted the party.