• Labour Wrap

    Terry Bell says the labour movement in SA is currently in a state of confusion.

  • Will the NPA stand up?

    Solly Moeng wonders if the NPA head will reinstate criminal charges against president Zuma.

  • Commodity currency

    Jac Laubscher asks if the true exchange rate of the rand is really a cue from commodity prices.

All data is delayed
Loading...
See More

Num: Pay workers more with Eskom profit

Nov 24 2011 11:19
Sapa
Johannesburg - The profit made by power utility Eskom should go towards better wages for its workers, the National Union of Mineworkers (Num) said on Thursday.

"The Num appeals to the power parastatal to accede to the demands made by its workforce now that the company has declared huge amounts of money," Num spokesperson Lesiba Seshoka said in a statement.

On Wednesday, Eskom declared net profit of R12.8bn in the six months to the end of September.

Eskom grew revenue by R63.9bn, mainly driven by the 25.8% tariff increase which was granted by the National Energy Regulator of SA and came into effect from April.

Seshoka said the Num was involved in a bitter wage battle with Eskom.

This had been taken to arbitration and would continue at the Commission for Conciliation, Mediation and Arbitration from December 2 to December 8.

The Num would hold an Eskom national shopsteward council in Johannesburg on Friday to consider, among other matters, the impact of the utility's interim results.

It said Eskom had unilaterally implemented a 7% increase, backdated from July, to take effect in September.

The Num wanted a 13% hike.
lesiba seshoka  |  eskom  |  nersa  |  num  |  wage dispute

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...