CAPE TOWN - Eskom’s acting CEO Calib Cassim has defended a 7% wage hike for employees over the next three years, saying in these troubled times for the power utility, it was important to have a stable workforce.
Acting Eskom CEO, who is also its chief financial officer, Calib Cassim, said that if municipalities paid their R60 billion debt, it would make a big difference to Eskom’s liquidity. But Cassim said that the wage increase agreed to last week would not impact the company’s finances as severely as debt service costs, diesel expenditure and municipal debt.
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