Cape Town – Eskom CEO Brian Molefe, who received a total salary package of R9.467m in the 2015/16 financial year, will not be getting a salary increase in the next year, the power utility’s spokesperson Khulu Phasiwe said.
Speaking to Fin24 by phone, Phasiwe said Eskom employees’ salaries are determined by a remuneration committee which then makes recommendations to Public Enterprises Minister Lynne Brown. “But Eskom’s executive committee will not be receiving any salary increases,” he stressed.
In Eskom’s annual report of 2015/16, it was stated that Molefe, who joined the power utility in an acting position in April 2015, earned R6.973m since his appointment up until the end of the financial year on March 31 2016. For the period Molefe also received a short-term bonus payment of R2.469m, which brings his total annual remuneration package to R9.467m.