LIVE #StateCapture: Eskom Pension Fund to be grilled on Molefe’s payout


Eskom Pension Fund to brief Parliament

The Portfolio Committee on Public Enterprises is about to be briefed by the Eskom Pension Fund on former Eskom CEO Brian Molefe’s
pension payout. The briefing forms part of the inquiry into the
mismanagement of state funds in State-Owned Enterprises (SOEs).

In July, Public Protector Busisiwe Mkhwebane said she would probe the decision that led to a R30m pension payout for Molefe.

The Public Protector will be probing the role of Public Enterprises Minister Lynne Brown, as well as the Eskom board’s role in the saga.

The Democratic Alliance requested the investigation after it emerged that the Eskom board approved a R30m pension payout to Molefe, after only 18 months as CEO of Eskom.

Molefe briefly returned as CEO of Eskom on May 15, but was removed again two weeks later when Public Enterprises Minister Lynne Brown ordered the board to reverse his reinstatement.

He has since launched an application in the Labour Court to have the rescission of his appointment declared unlawful.

Read Original Article