Eskom Pension and Provident Fund pays out R100m bonus to pensioners - Mateza

Loading player...
Chief Executive and Principal Officer Linda Mateza, describes how Eskom's Pension and Provident Fund shared R100m amongst 33,000 pensioners to help ease their financial hardships. In South Africa, many households are dependent on a pension, with many recipients sustaining their children, grandchildren and other relatives on a modest monthly income. In the midst of the Covid-19 pandemic, and the economic turmoil that comes along with it, Mateza says the idea around the bonus was to alleviate some of the stresses felt by many during this time. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Aug 2020 10AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min

The BizNews Edge: Nedbank, Grindrod and the coal stock no one was watching

Nedbank confirmed its guidance this morning, and its East Africa deal is weeks from closing - a transformation most investors are still underpricing. Grindrod's Port of Maputo posted extraordinary volumes, but the share may already be priced for perfection. A small coal miner no one follows just disclosed an 1,800%…
24 Jun 8AM 26 min