Ex Eskom CEO Brian Molefe’s Luxury Bushveld Lodge to be Auctioned Off

  • Former and disgraced Eskom CEO Brian Molefe is facing tough times.
  • He was recently ordered by the courts in South Africa to pay back monies that he received illegally from the Eskom Pension Fund and now the courts have ordered that his luxury bushveld lodge, valued at R8.5 million, be sold by auction to recover outstanding levies and possibly outstanding bond repayments. 

The story of Molefe and his pension fund was broken by Daily Maverick’s Pauli van Wyk shortly after Molefe tearfully resigned as Eskom CEO in December 2016. This was after he was linked to the Gupta family in Thuli Madonsela’s State of Capture report — her final report as Public Protector.

Read in Daily Maverick: SCORPIO: The pension like no other — the truth of Brian Molefe’s R30m Eskom ‘golden handshake’ exposed

The report showed that Molefe and Ajay Gupta, the eldest of the Gupta brothers, had made 58 telephone calls to each other between August 2015 and March 2016, and that Molefe had visited their Saxonwold compound 19 times in a similar timeframe. Two brothers, currently facing extradition from Dubai, are largely considered the chief architects of state capture in South Africa, looting billions of rands from various state owned entities in the process.

According to a notice in the Government Gazette, Molefe’s  4 46m2 property in the Legend Golf & Safari Resort in Limpopo was set to go on sale in April. The house was set to be sold as a sale in execution, which typically happens when an asset has been repossessed by a bank.

Author: Bryan Groenendaal

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