Eskom recovers R30m paid to Molefe’s pension fund
Eskom Pension & Provident Fund repays money after court reaffirms ruling that set aside a 2016 early retirement agreement between Molefe and the state-owned utility
07 September 2022 - 10:45
UPDATED 07 September 2022 - 17:20
State-owned power utility Eskom has recovered the R30m unlawfully paid to its pension fund in 2016 for former CEO Brian Molefe’s benefit.
According to Eskom, the North Gauteng High Court in July reaffirmed a 2018 high court judgment that had reviewed and set aside an early retirement agreement between Molefe and Eskom in 2016. In terms of that agreement, the state-owned utility paid about R30m to the Eskom Pension & Provident Fund to boost Molefe’s early retirement benefits...
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