South Africa: Eskom Executives to Forfeit Bonuses

Senior executives at Eskom, South Africa's state electricity company, will forfeit their annual bonuses for the 2013/14 financial year as the parastatal seeks ways to overcome a R225-billion five-year revenue shortfall.

"Eskom's senior executives will not take their annual bonuses ... in light of the R225-billion revenue shortfall experienced over the five-year period between 2013 and 2018," Eskom interim chief executive Collin Matjila said in a statement on Wednesday.

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