; Molefe ordered to pay back golden handshake | Lephalale Express Online News
Breaking News
Home / National News / Molefe ordered to pay back golden handshake
Former Eskom CEO Brain Molefe ordered to pay back golden handshake.File Pic Eskom

Molefe ordered to pay back golden handshake

Embattled former Eskom boss Brain Molefe’s golden handshake got revolting when the North Gauteng High Court on Thursday ordered him to pay back the cash.

The ruling was pronounced by Judge Elias Matojane.

When he left the power utility, the former CEO was granted R30 million golden handshake.

In 2016, Eskom paid Molefe R11 million as part of the money.

On Thursday, the court gave Molefe 10 days to pay back the alleged ill-gotten gain.

Molefe was also ordered to by an estimated R2 million in legal fees.

Trade union Solidarity joined the Democratic Alliance (DA) and other opposition parties as they approached the High Court in November 2017 with an application to have the payout proclaimed as unlawful.

The DA said it respects the judgment passed on by the Court, requesting Molefe to pay back the R11 million pension pay-out he got from Eskom.

DA Federal Council Chairperson James Selfe said the decision is another dooming arraignment on the Minister Brown as it was under her supervision that Molefe nearly escaped with stripping Eskom’s pension fund.

Molefe left Eskom under a cloud of controversy following corruption allegations.

He was one of the architect of the capture of Eskom. He does not deserve a single cent of taxpayers’ money,” said Selfe.

The DA further welcomes the court’s findings that the pension agreement between Eskom and Molefe was invalid and that the power utility’s decision to grant Molefe a pension set aside.

Selfe said this ruling is not the end of Molefe’s worries, saying the DA has in the past laid criminal charges against him and it is now time for the National Prosecuting Authority to step up and prosecute him to the fullest extent of the law.

About lephalale_sb

Lephalale Online News is a news site which also publishes local and national news.

Check Also

Eskom – labour unions agreement hit an obstacle

Ball-points to sign “an agreement” to end the wage dispute between labour unions and Eskom …

Beware of job scams on social media

The Department of Water and Sanitation has warned the public to be aware of employment …

Petrol price to increase on Wednesday [tonight]

Hard-pressed motorists, waiting for a reprieve, will have to contend with a petrol price increase …

Non-BRICS countries commit to strengthen relations with bloc

Non-BRICS countries have expressed their commitment to strengthening relations with the bloc in the interest …

Switch to mobile version

We are using cookies on our website

Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.