Brian Molefe back as Eskom CEO because he didn't get R30 million payout
Board spokesman Khulani Qoma confirmed his return in an interview on Radio 702
Brian Molefe is returning to his job as chief executive of Eskom on Monday – just months after stepping down in the aftermath of a furore over his links to the Gupta family. Board spokesman Khulani Qoma confirmed his return in an interview on Radio 702 on Friday. “Definitely‚ he is coming back on Monday‚” he said. Molefe has resigned as a member of parliament in order to resume his former position. His return was sparked by a dispute over a reported R30 million pension payment that he was awarded after he announced in November that he was stepping down “in the interest of good corporate governance.” The Sunday Times revealed that he was awarded the hefty "golden handshake" despite being at the power utility for only 18 months. Minister of Public Enterprises Lynne Brown said shortly afterwards that there was no justification for the payment. Qoma said the Sunday Times story had resulted in Brown instructing the board to review the payout and come up with a mutually acceptable agreeme...
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.