It might console some to know that even though former Eskom CE Thulani Gcabashe stepped down with more than R6-million in his pocket for the 2006/07 financial year, he too sits in darkness when load-shedding rolls across the country. But then, if Gcahashe had a working light for every rand, he could power Johannesburg.
Eskom directors were paid about R35-million between the 24-man board, according to last year’s annual report. While non-executive directors received R4,7-million, the 11 executive directors and divisional MDs, the people who arguably form the bulwark of Eskom’s operational strength, chalked up R30,2-million between them.
Aside from Gcabashe’s payout, Brian Dames, MD of enterprises, raked in R2,5-million, while human resources boss Mpho Letlape earned R2,3-million. Current CE Jacob Maroga in his former role as the head of the transmission division received R3-million. What his current salary is now that he is in the hot seat will only be released with the 2008 annual report.
Other bosses include: JA Dladla (key sales and customer services) on R2,4-million, Steve Lennon (resources and Âstrategy) on R2,4-million, Ehud Matya (generation) on R2,8-million, Duncan Mbonyana (corporate division) on R2,2 million and Mongezi Ntsokolo (distribution) on R2,6-million. The company’s finance director and executive board member Bongani Nqwababa earned R2,8-million.
Nqwababa, Dames and Maroga also received large home loans sponsored by Eskom. Nqwababa’s is valued at just more than R3,3-million, Dames’s comes to R3,1-million and Maroga’s sits at another R3,1-million.
