Eskom CE Molefe earns almost R800‚000 per month – excluding bonuses

29
378

Eskom chief executive Brian Molefe‚ who has steered the parastatal to almost 11 months of no loadshedding‚ has been rewarded with a total remuneration package worth R9.5-million for his efforts.

Brian Molefe
Brian Molefe

This works out to a R792‚000 monthly salary‚ excluding bonuses‚ which Molefe said would be reflected in the company’s annual results for the current financial year.

Molefe was roped in from Transnet and he helped to stabilise the electricity supply.

Eskom also had to dig deep to pay former chief executive Tshediso Matona and former finance director Tsholofelo Molefe following their resignations last year.

Matona‚ who was the incumbent between September 2015 and 12 March 2016‚ was paid a total remuneration package worth R7-million for the less than six months he spent there.

Matona and Tsholofelo Molefe each received a salary worth R1-million.

Molefe pocketed a total remuneration package worth R8-million.

This resulted in the total remuneration package of the Eskom executive directors

rocketing to R30-million from R8.1-million in the 2014/15 financial year.

The directors and executives were in total paid R75-million from R51-million in the 2014/15 financial year.

Eskom has received a R23-billion equity injection from government.

The company for the period under review saw its profit rise by 2‚209% to R4.6-billion from R200-million.

The international sales volume grew by 12.2% due to surplus capacity.

The overall sales declined by 0.8% and municipalities fell by 1.6%‚ rail 7.9%

TMG Digital/Sowetan

29 COMMENTS

  1. Hey would you mind letting me know which hoting company you’re using?
    I’ve loaded your blog in 3 comppletely different internet browsers and
    I must say this blog loads a lot quicker then most.
    Can you suggest a good internet hosting provider at
    a honest price? Thank you, I appreciate it!

  2. Hi! Someone in my Myspace group shared this website with us so I came to look it over.
    I’m definitely enjoying tthe information. I’m bookmarkingg
    and will be tweeting tuis to my followers! Exceptional blo and outstanding style and design.

  3. Hi there! I understand this is kind of off-topic however I had to ask.

    Does building a well-established website like yours take a large amount of work?
    I am brand new tto bloggkng however I do write in mmy journal every day.
    I’d like to start a blog so I ccan easily share my experiene and views online.

    Please let me know if you have anyy idea oor tips for brand
    new aspiring bloggers. Thankyou!

  4. After looking over a few of the articles on your site, I really like your way
    of writing a blog. I book marked it to my bookmark website list and will be checking
    back soon. Please check out my web site as well and let me know your opinion.

  5. Heya i’m for the first time here. I found this board and I
    find It really useful & it helped me out a lot. I hope to give
    something back and aid others like you aided me.

  6. I’m really impressed with your writing skills and also with the
    layout on your weblog. Is this a paid theme or did you modify it yourself?
    Either way keep up the excellent quality writing, it is rare to
    see a nice blog like this one these days.

  7. I have been exploring for a little bit for any high-quality articles or blog posts in this kind of space .
    Exploring in Yahoo I at last stumbled upon this site. Reading this info So i
    am glad to exhibit that I’ve a very just right uncanny feeling I discovered
    just what I needed. I such a lot definitely will make certain to don?t forget this site and give it a glance on a continuing basis.

  8. I don’t even know the way I stopped up right here,
    however I believed this submit was once great. I don’t recognize who you’re however definitely you are going to a
    famous blogger should you are not already. Cheers!

  9. Hello There. I found your blog using msn. This is a very well written article.
    I will be sure to bookmark it and come back to read more of your useful info.
    Thanks for the post. I’ll certainly return.

  10. Very great post. I just stumbled upon your weblog and wanted to mention that I have truly enjoyed browsing your
    weblog posts. In any case I’ll be subscribing to your rss feed and I am hoping you write again soon!

LEAVE A REPLY