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Chief Executive Officer (CEO) of Eskom, André de Ruyter, speaks during an interview on 15 November 2021 in Johannesburg, South Africa. (Photo: Gallo Images/Rapport/Deon Raath)
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The story: Eskom has confirmed that while workers below the senior management level at the entity will be getting a wage increase, its executives including group CEO Andre De Ruyter and chief operating officer Jan Oberholzer will not be getting any salary increase.
The background: This past week, Eskom concluded wage negotiations with the National Union of Metalworkers of South Africa (Numsa), the National Union of Mineworkers (NUM), and Solidarity, where labour got a 7% increase across the board.
A closer look: With a zero percent increase on their salaries, De Ruyter and Oberholzer would still be earning salaries of R7 million and R5.4 million respectively, according to Eskom's financial statements for the year ended in March 2021.
