Brian Molefe, the ‘fallen angel’ of the parastatal sector
He came out of Transnet as a hero, and is now implicated in alleged grand corruption and rent extraction by the public protector, says Nomura
Departing Eskom CEO Brian Molefe has no credibility left, Asia-based banking group Nomura International said on Friday. This was in reaction to the announcement that Molefe was leaving the power utility on January 1, 2017. "Brian is the fallen angel for investors, coming out of Transnet as a hero and now implicated in alleged grand corruption and rent extraction by the [public protector] report," Nomura said. "In a way it’s sad, in a way it’s not. He ultimately was successful because he could navigate the patronage realities of the ANC but it has caught up with him." The Pan Africanist Congress of Azania praised Molefe for taking the decision to resign. "We have been concerned [about] lack of leadership in our country but Mr Molefe contradicted our stance by showing a bold leadership which we would like to see in other institutions/departments for the sake of the country," the party said. "A leader should not wait for the followers to remove them but they should voluntarily act by d...
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