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. |
|
PS O'Flaherty (ex officio) |
FD |
825,000.00 |
289,000.00 |
Short-term incentive for the 2010 financial year only. |
|
BE Bulunga |
Exco member |
371,000.00 |
130,000.00 |
Short-term incentive for the 2010 financial year only. |
|
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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