Eskom’s staff is essential to keeping the lights on however, it is more complex than it seems.
Allan Gray says that the argument that Eskom’s bloated employee costs have contributed to the power utility’s loss of profit is less true than many may think.on the effects of load shedding on South Africa’s economy, Thalia Petousis from Allan Gray reported that the company spent R35 billion on staff in 2022 – a 20-year low when expressed as a percentage of revenue.
“While the utility took on over 3 000 engineering and technical learners in 2013, it took on only 13 in 2019,” said Petousis. Eskom employees said that they are not responsible for the current economic conditions and should have their livelihood needs maintained. Eskom’s acting chief executive officer, Calib Cassim, said that the group needed someone that would passionately drive the Generation recovery plan while ‘inspiring staff to reach beyond their reach.’
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