Eskom has recovered the R30 million unlawfully paid for Brian Molefe’s pension benefit to the Eskom Pension & Provident Fund

Wednesday, 07 September 2022: Eskom is pleased to confirm that it has successfully recovered the R30 million it unlawfully paid to the Eskom Pension & Provident Fund (EPPF) for the benefit former Chief Executive Officer Brian Molefe during 2016. In July 2022 the North Gauteng High Court re-affirmed a 2018 high court judgement that had reviewed and set aside a 2016 early retirement agreement between Mr Molefe and Eskom.

In terms of the agreement, Eskom paid to the EPPF approximately R30 million to boost Mr Molefe’s early retirement pension pay-out.

ENDS