EDITORIAL: Why Brian Molefe’s R30.1m golden handshake offends
Brian Molefe worked for Eskom for only 20 months, from April 2015 to December last year, when he quit under a cloud after Thuli Madonsela’s state-capture report red-flagged his "friendship" with the Gupta family, who had scored hundreds of millions from Eskom. Yet this weekend reports emerged that Molefe had left Eskom with a R30.1m "golden handshake" — a figure that, tellingly, neither Molefe nor the state-owned power company would refute. Such a payment would be particularly obscene, given not only the circumstances under which he quit, but also because he did so voluntarily. Why should he get a golden handshake? When questioned by the Sunday Times, Molefe said only that he was paid "what was due". At this point, it remains unclear if this was a pension fund payment, or a severance amount. Still, in his (extremely short) tenure at Eskom, Molefe did exceptionally well personally. For the year to March 2016, lauded for his role in halting load-shedding, he was paid a not-insignifica...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.