Eskom wants to pay ex-CEO Molefe R11 million

Eskom has made a request to Public Enterprises Minister Lynne Brown to pay former CEO Brian Molefe a settlement payment of R11.2 million.

According to a report by the Sunday Times, Brown turned down the request.

The latest request, which was made this week, comes after a request by Eskom to pay Molefe a R30-million “early retirement package” in April.

Molefe headed up Eskom for 18 months before he resigned in December, after being “implicated in former public protector Thuli Madonsela’s State of Capture report”, stated the Sunday Times.

Outa has also opened a criminal case against Molefe for fraud and contravening the Public Finance Management Act and company law.

Eskom’s interim board chairman Zethembe Khoza reportedly wrote to Brown stating that the R11.2-million payment to Molefe was “fair”.

But Brown replied with “there is no basis to support a settlement with Mr Molefe”.

Fat bonuses

The news of the proposed bonus comes after Outa stated that “fat cats and corruption” have driven up the price of electricity in South Africa.

It was also recently reported that Eskom wanted to pay employees a “winter challenge” bonus for keeping the lights on during winter this year.

Now read: Price of electricity in South Africa should be lower than 50c per kWh

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Eskom wants to pay ex-CEO Molefe R11 million