ESKOM PENSION CONTRACT
HILARY JOFFE: Heads should roll over Brian Molefe blunder
‘A bizarre story has emerged of contractual dealings between the board and Molefe, who had Eskom and Lynne Brown over a barrel’
How could the Eskom board reinstate someone who had resigned in November under a cloud of corruption allegations? That’s been the focus of much of the outrage about Brian Molefe’s Eskom return, which comes after the utility’s shareholder minister, Lynne Brown, declined the R30m pension the board had agreed to grant him, but then had to agree to a deal in which he returned to his post because it was "a significantly better value proposition for the SA fiscus". What emerges is a bizarre story of the contractual dealings between the board and Molefe, who essentially had Eskom and Brown over a barrel — giving them little option, as they saw it, but to agree in effect that November never happened. As it turns out, Molefe didn’t resign. What he actually said at the time, after he went all emotional about the public protector’s State of Capture report, was that he had "decided to leave his employ at Eskom".It now looks like that statement would have been crafted by his lawyers and Molefe t...
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