Brian Molefe, the former CEO of Eskom, has been directed to pay back just under R10-million, plus interest, to the power utility's pension fund. This follows a drawn-out legal process that dates back to 2018, when the same court set aside all Molefe's pension payouts. But the former Eskom boss did not pay back the money in the intervening four years, arguing that he didn't know what exact amount he needed to pay. The Gauteng High Court in Pretoria has now ruled that Molefe needs to pay the pension fund R9 985 540 plus interest calculated from 31 October 2019 up to the date he pays. The fund, meanwhile, will pay back Eskom the balance of the R30-million it had received from Eskom. The court also set aside the power utility's acceptance of Molefe's early retirement and the controversial decision to reinstate him as CEO.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access