DOCUMENTS

What Eskom execs have been paid since 2004 - Lynne Brown

Minister says ex CEO Brian Dames received a basic salary of R7,9m in 2014

DEPARTMENT: PUBLIC ENTERPRISES

REPUBLIC OF SOUTH AFRICA

NATIONAL ASSEMBLY

QUESTION FOR WRITTEN REPLY

QUESTION NO.: 237

DATE OF PUBLICATION: 03 March 2015

237. Ms N W A Michael (DA) to ask the Minister of Public Enterprises:

With regard to the summarised group financial results of Eskom Holdings SOC Limited, (a) what was the (i) base salary and (ii) bonuses paid to each of the executive directors of Eskom SOC from 2004 until 2014 for each year respectively and (b) what was Eskom SOC's gross (i) profit or (ii) loss in each of these years? NW145E

ESKOM'S RESPONSE TO PARLIAMENTARY QUESTION NUMBER 237 ADDRESSED TO THE MINISTER OF PUBLIC ENTERPRISES BY MS N W A MICHAEL (DA)

(a)    Table 1 below reflects the basic salary and incentives (bonuses) which include both short-and long-term incentives paid to members of the Executive Committee (EXCO) of Eskom over the past 10 years. EXCO includes the 2 ex officio Directors of the Board.

Table 1: Executive Members' remuneration from 2004/5 until 2013/14 financial years.

Executive Member

Designation

Basic Salary

Incentives

Note

2004 & 2005

The 2004 & 2005 report reflects a 15 month reporting period as Eskom moved its financial year from December to March as per the DPE instruction.

TS Gcabashe

(ex officio)

CE

3,794,000.00

2,765,000.00

 

WJ Kok

(ex officio)

FD

1,147,000.00

 

Retired as Executive in August 2004.

B Nqwababa

(ex officio)

FD

911,000.00

645,000.00

Appointed in August 2004.

EN Matya

Exco member

2,177,000.00

1,779,000.00

 

PJ Maroga

Exco member

2,082,000.00

1,628,000.00

 

SJ Lennon

Exco member

1,957,000.00

1,484,000.00

 

ME Letlape

Exco member

1,849,000.00

1,392,000.00

 

PD Mbonyana

Exco member

1,839,000.00

1,384,000.00

 

JA Dladla

Exco member

1,744,000.00

1,380,000.00

 

MM Ntsokolo

Exco member

1,820,000.00

1,552,000.00

 

BA Dames

Exco member

758,000.00

384,000.00

 

TJ Matsau

Exco member

1,526,000.00

1,380,000.00

Retired on 31 December 2004

 

2006

Executive Member

Designation

Basic Salary

Incentives

Note

TS Gcabashe

(ex officio)

CE

4,250,000.00

952,000.00

 

B Nqwababa

(ex officio)

FD

1,822,000.00

446,000.00

 

N Angel

Exco member

1,110,000.00

144,000.00

 

BA Dames

Exco member

1,548,000.00

355,000.00

 

JA Dladla

Exco member

1,604,000.00

384,000.00

 

SJ Lennon

Exco member

1,694,000.00

421,000.00

 

ME Letlape

Exco member

1,609,000.00

400,000.00

 

PJ Maroga

Exco member

1,803,000.00

435,000.00

 

EN Matya

Exco member

1,965,000.00

468,000.00

 

PD Mbonyana

Exco member

1,600,000.00

394,000.00

 

MM Ntsokolo

Exco member

1,783,000.00

474,000.00

 

2007

Executive Member

Designation

Basic Salary

Incentives

Note

TS Gcabashe

(ex officio)

CE

4,621,000.00

1,544,000.00

 

B Nqwababa

(ex officio)

FD

2,031,000.00

856,000.00

 

N Angel

Exco member

370,000.00

 

Resigned in June 2006.

BA Dames

Exco member

1,782,000.00

752,000.00

 

JA Dladla

Exco member

1,772,000.00

675,000.00

 

SJ Lennon

Exco member

1,807,000.00

682,000.00

 

ME Letlape

Exco member

1,720,000.00

654,000.00

 

PJ Maroga

Exco member

2,096,000.00

1,103,000.00

 

EN Matya

Exco member

2,105,000.00

749,000.00

 

PD Mbonyana

Exco member

1,711,000.00

577,000.00

 

MM Ntsokolo

Exco member

1,959,000.00

672,000.00

 

2008

Executive Member

Designation

Basic Salary

Incentives

Note

TS Gcabashe

(ex officio)

CE

3,557,000.00

 

Chief Executive contract expire on 31 December 2007.

PJ Maroga

(ex officio)

CE

3,914,000.00

Choose not to accept Bonus

Appointed as Deputy CE on 8 Feb 2007 and as CE on 1 May 2007

B Nqwababa

(ex officio)

FD

2,781,000.00

487,000.00

 

BA Dames

Exco member

2,438,000.00

509,000.00

Appointed as Chief Officer Generation on 1 Feb 2008.

EL Johnson

Exco member

1,689,000.00

315,000.00

Appointed as Chief Officer Networks and Customer service on 1 Feb 2008.

SJ Lennon

Exco member

1,974,000.00

350,000.00

 

ME Letlape

Exco member

1,892,000.00

279,000.00

 

PD Mbonyana

Exco member

801,000.00

 

Retired from Eskom in August 2007

JA Dladla[1]

Official of Exco

2,065,000.00

364,000.00

Change of structure, exit EXCO

EN Matya

Official of Exco

2,332,000.00

216,000.00

Resigned from Eskom in July 2008

MM Ntsokolo[2]

Official of Exco

2,332,000.00

363,000.00

Change of structure, exit EXCO

A Noah[3]

Official of Exco

1,650,000.00

318,000.00

Appointed in July 2007 as Executive. Change of structure exit EXCO.

2009

Executive Member

Designation

Basic Salary

Incentives

Note

PJ Maroga

(ex officio)

CE

4,960,000.00

681,000.00

(*)

B Nqwababa

(ex officio)

FD

2,168,000.00

679,000.00

Resigned as FD in December 2008

 

BA Dames

Exco member

2,979,000.00

728,000.00

 

EL Johnson

Exco member

2,535,000.00

 

Appointed to Chief Officer in February 2008.

SJ Lennon

Exco member

2,139,000.00

890,000.00

 

ME Letlape

Exco member

1,471,000.00

815,000.00

Resigned from Eskom in December 2008.

(*)The Board deferred the allocation in respect of short-term incentives while long-term incentives were paid out.

2010

Executive Member

Designation

Basic Salary

Incentives

Note

PJ Maroga

(ex officio)

CE

3,447,000.00

2,323,000.00

Did not accept the 2010 short-term incentive. The bonus reflected is in respect of the 2009 financial year that was paid after confirmation of the targeted savings of R22 billion.
Exit as CE and ex officio member of the Board in November 2009.

PS O'Flaherty

(ex officio)

FD

825,000.00

289,000.00

Short-term incentive for the 2010 financial year only.
Appointed as FD in January 2010.

BE Bulunga

Exco member

371,000.00

130,000.00

Short-term incentive for the 2010 financial year only.
Appointed to EXCO in February 2010.

BA Dames

 

Exco member

3,295,000.00

2,921,000.00

(**)

EL Johnson

Exco member

2,859,000.00

1,718,000.00

(**)

SJ Lennon

Exco member

2,308,000.00

2,370,000.00

(**)

(**)Short term bonus for the 2010 financial year and bonuses in respect of the 2009 financial year that was paid after confirmation of the targeted savings of R22 billion.

 

 

2011

Executive Member

Designation

Basic Salary

Incentives

Note

BA Dames

(ex officio)

CE

3,399,000.00

2,130,000.00

Appointed as CE in June 2010

PS O'Flaherty

(ex officio)

FD

3,512,000.00

1,407,000.00

 

BE Bulunga

Exco member

2,228,000.00

748,000.00

 

CAK Choeu

Exco member

1,742,000.00

714,000.00

Appointed as Divisional Executive in June 2010

EL Johnson

Exco member

3,060,000.00

1,751,000.00

 

SJ Lennon

Exco member

2,381,000.00

1,481,000.00

 

DL Marokane

Exco member

2,816,000.00

1,100,000.00

Appointed as Divisional Executive in January 2010

2012

Executive Member

Designation

Basic Salary

Incentives

Note

BA Dames

(ex officio)

CE

5,000,000.00

2,976,000.00

 

PS O'Flaherty

(ex officio)

FD

3,827,000.00

1,458,000.00

 

BE Bulunga

Exco member

2,289,000.00

740,000.00

 

T Govender

Exco member

2,534,000.00

1,619,000.00

 

EL Johnson

Exco member

3,257,000.00

2,114,000.00

 

SJ Lennon

Exco member

2,446,000.00

1,877,000.00

 

TBL Molefe

Exco member

2,122,000.00

762,000.00

 

DL Marokane

Exco member

3,082,000.00

1,163,000.00

 

A Noah[4]

Exco member

2,517,000.00

1,852,000.00

 Re-nominated to EXCO

MM Ntsokolo[5]

Exco member

2,885,000.00

2,252,000.00

 Re-nominated to EXCO

 

2013

Executive Member

Designation

Basic Salary

Incentives

Note

BA Dames

(ex officio)

CE

5,000,000.00

3,262,000.00

 

PS O'Flaherty

(ex officio)

FD

3,930,000.00

2,008,000.00

 

BE Bulunga

Exco member

2,350,000.00

810,000.00

 

T Govender

Exco member

2,602,000.00

1,785,000.00

 

EL Johnson

Exco member

3,345,000.00

2,598,000.00

 

SJ Lennon

Exco member

2,512,000.00

2,040,000.00

 

DL Marokane

Exco member

3,165,000.00

1,230,000.00

 

TBL Molefe

Exco member

2,178,000.00

669,000.00

 

A Noah

Exco member

2,585,000.00

2,004,000.00

 

MM Ntsokolo

Exco member

2,963,000.00

2,455,000.00

 

2014

No Short Term Bonuses awarded for the 2014 financial year.

Executive Member

Designation

Basic Salary

Incentives

Note

BA Dames

(ex officio)

CE

7,931,000.00

1,928,000.00

Included in salaries is an amount of R1.9million relating to back pay in increases from 2010.

TBL Molefe

(ex officio)

FD

2,622,000.00

508,000.00

Appointed FD in January 2014.

PS O'Flaherty

(ex officio)

FD

1,088,000.00

1,513,000.00

Resigned in July 2013.

BE Bulunga

Exco member

2,537,000.00

722,000.00

Resigned in April 2013

T Govender

Exco member

2,809,000.00

1,043,000.00

 

EL Johnson

Exco member

3,610,000.00

1,195,000.00

 

SJ Lennon

Exco member

2,711,000.00

772,000.00

 

DL Marokane

Exco member

3,416,000.00

1,245,000.00

 

A Noah

Exco member

2,790,000.00

923,000.00

 

MM Ntsokolo

Exco member

3,198,000.00

910,000.00

 

(b)

Please refer to Table 2 below.

Table 2: Profit / (loss) before tax and for the year, covering period 2004/5 until 2014 financial years.

Year

Profit/(loss) before tax

R'm

Profit/(loss) for the year

R'm

2004 & 2005 (15 Month period)

         6,386,000,000.00

          4,353,000,000.00

2006

         7,159,000,000.00

          5,064,000,000.00

2007

         8,407,000,000.00

          6,008,000,000.00

2008

          979,000,000.00

          1,333,000,000.00

2009

 (14 353,000,000.00)

 (10, 177,000,000.00)

2010

         4,823,000,000.00

          3,187,000,000.00

2011

         11,067,000,000.00

          7,951,000,000.00

2012

         17,766,000,000.00

         12,736,000,000.00

2013

         7,890,000,000.00

          5,773,000,000.00

2014

         6,944,000,000.00

          5,424,000,000.00

Notes

All figures are as stated in the published Integrated Reports for the respective years. Profit/loss figures are for the Company and not Group. The 2005 profit is as at 31 March 2005 and is for a 15 month period, due to Eskom changing the financial year end from December to March in that year.

Footnotes:


[1] Change of structure, exit EXCO.

[2] Change of structure, exit EXCO.

[3] Appointed July 2007 as Executive.  Change of structure, exit EXCO.

[4] Renominated to EXCO.

[5] Renominated to EXCO.

Issued by Parliament, March 16 2015

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