Former Eskom CEO Brian Molefe started planning his exit from the power utility about three months before the release of former public protector Thuli Madonsela’s State of Capture report. Appearing before Parliament’s public enterprises committee, which is holding an inquiry into the capture of state-owned entities, Sibusiso Luthuli, the CEO of the Eskom Pension and Provident Fund, revealed on Friday that Eskom first approached the fund in August asking for various calculations and scenarios in terms of a pension payout for Molefe. This could suggest that Molefe knew all along that the State of Capture report would reveal damning details about his association with the controversial Gupta family and that he wanted to draw as much as he could from the power utility before quitting. The report was released in November 2016 and a few weeks later, Molefe announced his resignation from Eskom. Molefe received a R30.1m "golden handshake" from the power utility after he left its employ in Dec...
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