Tag Archives: Molefe re-instated at Eskom

Brian Molefe returns as chief executive of Eskom

BusinessDay, 12 May, 2017

Board spokesman Khulani Qoma confirmed his return in an interview on Talk radio 702

Board spokesman Khulani Qoma confirmed his return in an interview on radio 702 www.702.co.za on Friday.

“Definitely‚ he is coming back on Monday‚” Qoma said.

Molefe has resigned as an MP in order to resume his former position.

His return was sparked by a dispute over a reported R30m 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.

Public Enterprises Minister Lynne Brown said shortly afterwards that there was no justification for the payment.

(Ed. note: I wonder what Lynne Brown is up to? Trying to save the R30m, getting rid of Koko, looking for another way to get rid of Brian, but without the handshake – waiting for the State Capture report to implicate him so he can be fired?)

Qoma said the Sunday Times story had resulted in Brown instructing the board to review the payout and come up with a mutually acceptable agreement. “We could not agree … so a decision was made to rescind the initial decision by the board for a pension payout.”

That effectively nullified his resignation and he would return to work on Monday‚ he said.

Molefe resigned from Eskom after it was revealed in the State of Capture report by former public protector Thuli Madonsela that he had exchanged 58 calls with Atul Gupta.

The report also detailed how cellphone records had placed Molefe in Saxonwold‚ the Gupta residence in Johannesburg‚ several times around the time of the controversial Tegeta-Optimum coal mine deal signed with Eskom.

Eskom chairperson Ben Ngubane said he was “absolutely delighted” to have Molefe back.