WATCH: Eskom Pension Fund Executives grilled by Parliament over Brian Molefe’s R30m payout

Brian Molefe File photo: Timothy Bernard

Brian Molefe File photo: Timothy Bernard

Published Oct 20, 2017

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JOHANNESBURG

- Former Eskom Chairperson Ben Ngobeni and the current Eskom board has had to answer questions to the signing of a letter approving Molefe's early retirement and subsequent payout which was then overturned by Public Enterprises Minister Lynn Brown. 

Molefe's pension payout of 30 million was calculated by "buying" 13 years of extra service for him. Molefe worked for Eskom for 16 months but received a nine million rand payout, this despite him being on a short term contract, which should have excluded him from being a member of the fund. 

Parliament is currently hearing how the figure was tabled:

WATCH: 

 

Also read: Brian Molefe's R30 million pension is under scrutiny at Parliamentary

- BUSINESS REPORT ONLINE

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