Bankrupt Eskom appoints eight new senior managers

Die Vryburger

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Bankrupt Eskom appoints eight new senior managers
Bankrupt Eskom appoints eight new senior managers

The South African power supply company Eskom has appointed another eight senior managers amid a serious money shortage. Initially, Eskom would have got rid of the ‘overcrowding’ of so called executives and CEOs, but the intention now has taken a new turn with more appointments being made.

Eskom’s eight posts are in the highly paid Eskom rankings bracket and include several group executive positions that will tax the industry with millions of Rand.

The vacancies are apparently only ‘acting posts’, but at least three group CEOs have been appointed. It is not known what the duration of the ‘acting posts’ will be, but is estimated at at least 12 months.

The appointments bring Eskom back to a total of at least ten senior executives, and the entity will spend millions of rand monthly which is money they do not have.

Read the original article in Afrikaans on Die Vryburger

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