ESKOM PENSION FUND
Brian Molefe: 'I was a permanent employee'
Former Eskom boss Brian Molefe insists that he was a permanent employee at Eskom and therefore qualified to be a member of its pension fund. Molefe’s R30.1m "golden handshake" and his membership of the Eskom pension fund is being scrutinised by Parliament’s public enterprises portfolio committee, which is conducting an inquiry into the capture of state-owned enterprises. Last week, the committee heard from the Eskom Pension and Provident Fund that the utility had misrepresented Molefe’s employment status, which allowed him to be a member of the fund. Molefe was employed on a five-year contract and, according to the fund’s rules, only permanent employees qualify. The fund’s executives told MPs that Eskom had submitted Molefe’s file when he joined, which was marked PPX, denoting that he was a permanent employee, but, in fact, he was on a five-year contract. Trade Union Solidarity approached the courts earlier in 2017 to declare all Eskom payments in favour of Molefe to the pension fun...
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.