Minister ignores ANC and backs Molefe's return to Eskom
'I believe the board’s proposal ultimately represents a significantly better value proposition to the South African fiscus than the previous proposal'
Minister of Public Enterprises Lynne Brown has said she supports the proposal by Eskom board’s to reinstate Brian Molefe as group chief executive because it presented “a better value proposition for the South African fiscus” - provided it was legal. “This week the board of Eskom briefed me on the outcome of consultations with former group CEO Brian Molefe following my request that the proposed pension payout [R30-million] to Mr Molefe be re-evaluated‚” Brown said. “After considering various options‚ the board proposed Molefe return all monies he received from Eskom on his January departure and be reinstated with immediate effect‚” she said. Brown's statement is at odds with the ANC, which said via spokesman, Zizi Kodwa, that Molefe's return to Eskom was "reckless" and disrespectful of the public who were angry. Brown said: “In terms of the board’s proposal‚ Molefe agreed to serve out the remainder of his original contract and to reconsider the terms of his contract that resulted in ...
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.