Wage increase by Eskom is a generous offer: Economist

July 13, 2018 8:07 pm Published by Leave your thoughts

One Economist reckons the unions in the Eskom wage talks are being ambitious by asking for a wage increase higher than 7%.
Chief economist at the SAIRR Ian Cruickshanks says with inflation at 4.4% and the financial difficulties the power utility is facing, a 7% wage increase is a generous offer. Cruickshanks says a higher than budgeted for wage settlement, may push up the financial risk to government and the economy.

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