Eskom reduces top executive structure from 21 to 9 | IOL Business Report

While this is commendable, I'm not comfortable with IT and procurement reporting to the CFO whose already in charge of the finances of the Enterprise.

Good move the cabinet must do exactly the same

The package cut for the CEO and the Board Chairman can be ideal in money saving for Eskom.

Tariff Hike$ 20 % Minimum & $anta Has Arrived Finally !

Peterman43 Is Koko still on the payroll. Lol

Ag shem 😂😂😂😂🙌🙌🙌🙌

Good move. They all deserve jail time as well.

Can someone pls explain me this 419billon ? What do they owe and who.

maggsnaidu Even that COO position should have been eliminated. Generation, transmission & distribution should have been under just managers & not under GMs & report to Operations Executive including power station managers. This is then the whole operations & good savings in salary bill.

And the board said this is not true via SABC channel 404 today. So which statement is true or false?

Good bye fat cats and welcome the hungry ones to take the country forward

It’s a good start considering how much they get paid, we read

SueNyathi How much savings are they going to make through this reduction?

About time now second tier as well - right down to the cleaners et al

It's about time.

Peterman43 great idea!

daegerton Good move! As long as capable, able persons remain.

📌Authoritative Leadership!

wandil

mckaytracey ...whoopee ding dong! ...so that lops off maybe R50million a year in personnel costs...which doesn't register as a change of any significance whatsoever when measured against Eskom's ~R30billion annual wage bill...R50m off R30b is -0.17%... ItsJustOptics NothingHasChanged

Peterman43 About time what is left to manage it's nearly bankrupt

So the core business of generation, transmission and distribution does not report the CEO it reports to the COO. The CEO is essentially a CAO Chief Administrative Officer - overseeing all non-core non profit roles. The things black CEOs do to themselves though Eskom

Whoa👋🏻

Awesome move. That's how you cut the fat.

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Azania_ Karma for those who betrayed Koko

there is only one way - fire everyone and appoint experts

Wonder when Cyril will do that with his bloated cabinet

Azania_ Great work.

All SOE's with these unnecessary board's should follow.

The cabinet should follow

Rethabiles Good riddance.

CyrilRamaphosa tito_mboweni RSA cabinet to follow.Good short.

👏🏾👏🏾👏🏾

Eskom is talking kak..they say they are retrenching the Exec to save costs yet they are advertising for the same positions again..KhuluPhasiwe awuchaze baba kwenzakalani

Next step is to cancel all IPP contracts.

Good plus they were earning ridiculous salaries.

Solve the root cause, our enemies are laughing at us.

Find the root cause

So we should have half the problems now...

Uhmmmm. I think it's easier to convince 9 to sell Eskom then it is to convince 21. 11 salaries saved won't do much good.

ESKOM Was the maths hard

There are two boards already in Eskom

What took them so long?

Yoh where will the 11 go, I feel for them

So one way to run a company is to make sure the executive is NOT TOP HEAVY !! WTF 21 to 9 !!!

The same restructuring should be done in government departments. There's too much dead wood earning a lot of money for doing absolutely nothing!!

Now they must go for the evergreen contracts

A step in the right direction, long overdue!

Is that 9 of the best or 9 of the best affiliated?

Still a lot to be done at Eskom

It's been long overdue. I hope CyrilRamaphosa will also follow suit and reduce the size of the bloated cabinet that he inherited.

And how much will it save Eskom by the way?

This is commendable

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