Eskom Recovers R30 Million Paid to ex CEO Brian Molefe

News Flash

  • South Africa’s state owned energy utility, Eskom,  has confirmed that it has successfully recovered the R30 million it unlawfully paid to the Eskom Pension & Provident Fund (EPPF) for the benefit former Chief Executive Officer Brian Molefe during 2016.
  • In July 2022 the North Gauteng High Court re-affirmed a 2018 high court judgement that had reviewed and set aside a 2016 early retirement agreement between Mr Molefe and Eskom.

In terms of the agreement, Eskom paid to the EPPF approximately R30 million to boost Mr Molefe’s early retirement pension pay-out. Eskom did not state if any of the payback money was recovered from Molefe personally.

Related news: Brian Molefe’s luxury busheveld lodge to be auctioned off

Author: Bryan Groenendaal

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