South African power utility Eskom is projecting a net loss of over R15 billion for the 2022 financial year, saying that average cost per head for employees has increased far above the rate of inflation for the past three years. Responding to the National Union of Mineworkers’ analysis of wage tiers in the power utility, and claims by the union that Eskom was misleading the public about the average wage of employees, the company said it was not able to meet the union’s wage increase demands says its proposed 1.5-percent increase in the basic salary, conditional on labour accepting the power utility’s proposed restructuring of the benefits, is the final offer.