Eskom mum on R5.5m bonus bonanza for Molefe, Koko and Singh

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Cape Town - Although Eskom rejected media reports of it facing a cash crisis, the power utility is tight-lipped on bonuses for three of its most controversial former and current executives.

Eskom wants to pay short-term bonuses totalling R5.5m to axed CEO Brian Molefe, suspended acting chief executive Matshela Koko and chief financial officer Anoj Singh, reported the Sunday Times.  

It said according to leaked financial statements, the power utility only has R20bn, which will likely only last for the next three months. This means that Eskom may not be able to pay salaries to its 49 000 employees come November, unless it receives a bailout.

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