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Eskom Offers Workers 7% Increase After Illegal Protests

  • Unions will present the one-year wage offer to members
  • Utility remains unprofitable and has $24.6 billion debt
Updated on

Eskom Holdings SOC Ltd., South Africa’s embattled power utility, is offering workers a 7% wage increase to end an impasse that plunged the continent’s most industrialized nation into its worst blackout since 2019.

The offer is for a year, according to people with knowledge of the matter. The proposed pay rise is on a sliding scale with higher earners receiving slightly less, one of the people said, asking not to be identified because the matter isn’t public.