Bosses’ pay­outs costly for Eskom

Weekend Argus (Sunday Edition) - - NEWS - SIYABONGA MKHWANAZI

ESKOM suf­fered huge losses and in­curred ir­reg­u­lar ex­pen­di­ture of bil­lions of rand when the power util­ity paid former bosses Brian Molefe and Mat­shela Koko mil­lions of rand in salaries and bonuses.

Au­dited fi­nan­cial state­ments, tabled in Par­lia­ment, for Eskom re­vealed that Molefe, who was chief ex­ec­u­tive, was paid more than R6 mil­lion in 2017. In ad­di­tion, he was paid a bonus of R2.1m in the same year.

Molefe was paid another R958 000 in other pay­ments.

Former Eskom chief fi­nan­cial of­fi­cer Anoj Singh was paid R4.8m in salaries and R1.8m in bonuses in 2017.

In ad­di­tion, Singh was paid R522 000 in var­i­ous other pay­ments.

Former act­ing chief ex­ec­u­tive Koko was paid R3.8m in salaries, R1.4m in bonuses and another R79 000 in other pay­ments.

Sean Maritz, who was also ap­pointed act­ing chief ex­ec­u­tive at the power util­ity for sev­eral months, took home a salary of R2.6m and raked in R1.1m in bonuses.

Maritz also bagged R155 000 in other pay­ments.

Eskom stated that it in­curred ir­reg­u­lar ex­pen­di­ture of R19.2bn be­tween 2012 and this year.

The power util­ity was at the cen­tre of in­ves­ti­ga­tions in Par­lia­ment over al­le­ga­tions of state cap­ture.

The port­fo­lio com­mit­tee on pub­lic en­ter­prises has sub­mit­ted its re­port to the Zondo Com­mis­sion of In­quiry into state cap­ture.

Deputy Chief Jus­tice Ray­mond Zondo, who chairs the com­mis­sion of in­quiry, said the hear­ings would be­gin in Au­gust but has not in­di­cated which wit­nesses have been called to tes­tify.

Head of in­ves­ti­ga­tions in the com­mis­sion Ter­ence Nombe­mbe, who is the former au­di­tor-gen­eral, has also called for more peo­ple to come for­ward and give ev­i­dence.

The com­mis­sion has been granted a two-year ex­ten­sion by the High Court in Pre­to­ria to hear ev­i­dence on al­le­ga­tions of state cap­ture.

Some of the se­nior ex­ec­u­tives at Eskom have been im­pli­cated in se­ri­ous al­le­ga­tions of state cap­ture in the hear­ings in Par­lia­ment.

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