We are in a very dire financial situation - Eskom

Eskom says it is in a very dire financial situation which is why its kept its pay offer to workers at zero percent.

The parastatal has been working to clean up operations amid issues of corruption and maladministration.

READ: 'Eskom is making workers pay for management's mismanagement and corruption'

ALSO READ: Eskom in early stages of its investigations into alleged corrupt officials

Eskom spokesperson Khulu Phasiwe says the company does not have enough money to pay bonuses or give salary increases.

For many months, since July last year, we have been battling in terms of raising money within the domestic and international markets and for nearly ten years now, we as a company have been seeing a slow down in terms of our revenue.

Khulu Phasiwe, Eskom spokesperson

The issue that Eskom has been facing in all fairness is not related directly to this issue of corruption, for more than ten years now, our sales as a country have been just less than one percent...

Khulu Phasiwe, Eskom spokesperson

Click on the link below to listen to the full conversation....


This article first appeared on 702 : We are in a very dire financial situation - Eskom


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