https://www.engineeringnews.co.za

Molefe must pay back pension millions, court orders

Former Eskom CEO Brian Molefe

Former Eskom CEO Brian Molefe

Photo by Duane Daws

25th January 2018

By: News24Wire

  

Font size: - +

A court ordered Brian Molefe on Thursday to pay back all the pension pay-outs made to him. A full bench of judges found against Molefe and set aside the pension agreement.

The former Eskom CEO was also ordered to pay costs.

The ruling comes after trade union Solidarity approached the High Court to declare his controversial pension award of around R30-million, as well as more than R10-million already paid out to Molefe, unlawful.

According to Anton van der Bijl, head of Solidarity’s Centre for Fair Labour Practices, Solidarity searched for justice on the matter and sought an order that obliged Molefe to pay back all pension pay-outs made to him and benefits granted to him.

Molefe briefly returned as CEO of Eskom on May 15 after the scandal around his pension emerged, but was removed again two weeks later when Public Enterprises Minister Lynne Brown ordered the board to reverse his reinstatement. Molefe later challenged this decision when he filed Labour Court papers against the board and Brown.

Political parties and Solidarity then filed a consolidated court application to challenge Eskom’s decisions to reappoint Molefe as CEO, as well as the approval of his R30-million pension pay-out.

Brown also filed explanatory affidavits last year, but she did not challenge the relief sought by the applicants.

In the affidavit Brown said that a letter from former Eskom chairperson Dr Ben Ngubane, regarding Molefe’s retirement package, never reached her.

Molefe and other Eskom executives were also grilled in Parliament at the inquiry into state capture at Eskom about Molefe's pension bonanza.

Also when Eskom announced its annual results last year, it stated in the notes to its financial statements that the R30-million that Molefe received as an early retirement benefit would only be refunded to the company pursuant to a court order.

 

Edited by News24Wire

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.083 0.133s - 137pq - 2rq
Subscribe Now