It's one thing to focus on SA's long-term prospects. Be careful not to miss the forest for the trees. But what's to be done when the forest suddenly goes up in flames? asks Ron Derby.
High level clouds. Mild.
Eskom has hit back at reports that it has paid out performance bonuses, but instead asserted it has made provision for 13th cheques as per employment contracts.
The Information Communication Technology Union has given media company Tiso Blackstar Group a 48-hour notice of its intention to strike over unresolved disputes relating to salaries and bonuses.
The DA claims the SA Revenue Service allegedly failed to comply with legislation by unlawfully paying out R3m in bonuses to members of its executive committee.
Cash-strapped Eskom’s bonus bill to staff members jumped from R2.1bn in 2016 to R4.2bn in 2017, with the highest windfall going to former CEO Brian Molefe.
The Central Energy Fund, which is responsible for overseeing PetroSA and the Strategic Fuel Fund, will pay more than R41m in bonuses to its staff this financial year.
Eskom is facing legal action for refusing to share “secret” information pertaining the payment of bonuses to its top management for the 2014/15 financial year.
Acting Eskom CEO Brian Molefe would have to sign a permanent contract with Eskom to qualify for any future bonuses, which he says will follow company policies.
Zimbabwe will no longer be making bonus payments for its civil servants as the economy, hard hit by liquidity challenges, declines further.
Public Enterprises Minister Lynne Brown says most chief executives of key state-owned enterprises have not received performance bonuses.
Citigroup has promised to pay senior staff in Europe twice their salaries in an attempt to compensate for rules that limit bonuses.
The PIC board is engaging with Treasury to develop a new remuneration policy for staff, members of Parliament heard.
Wall Street stock traders, money managers, commercial bankers, underwriters and even bean counters are poised for bigger year-end bonuses.
The current Zimbabwean bonus system, where companies pay bonuses because they are contractual, is likely to put more pressure on companies to reduce costs, say the authors of a new survey.
Many people aren't lucky enough to get a bonus. If you are of the fortunate few, it is always wise to be smart when spending your hard-earned cash.
Shoprite has doubled chief executive officer Whitey Basson’s pay in the last fiscal year to R100.1m, thanks to a bonus for beating a profit-growth target, it has revealed.
Msunduzi municipal employees who owe the city R4,4 million will have their annual bonuses slashed by up to 50% this year.
The bonus row that has seen Zimbabwe's President Robert Mugabe give a dressing down to his minister of finance has all but exposed the government's dire situation.
The mobile network has poured cold water over staff hopes for bigger bonus pay this year.
Senior workers in London's financial services sector are expecting on average a 21% rise in bonuses, despite pressure for payouts to be reined in, a survey shows.
Two former Investec traders have lost a three-year battle over disputed bonuses in a case described as "fanciful" and "wholly incredible".
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