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MOLEFE'S PAYOUT TO BE INVESTIGATED!

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Former Eskom CEO Brian Molefe.
Former Eskom CEO Brian Molefe.

PUBLIC Protector Busisiwe Mkhwebane will investigate former Eskom CEO Brian Molefe's R30m golden handshake.

The Public Protector has confirmed that it will take up the investigation, but merge it with two other complaints.

Public Protector spokesperson Cleopatra Mosana said the Public Protector will be probing the role of Public Enterprises Minister Lynne Brown, including the Eskom board's role in the saga.

The DA requested the investigation after it emerged that the Eskom board approved a R30m pension payout to Molefe, after only 18 months as CEO of Eskom.

Molefe was sacked from Eskom at the beginning of June following a short return after serving as an African National Congress MP from February.

He stepped down as Eskom CEO last year after his allegedly improper relationship with the controversial Gupta family came to light in the Public Protector’s State of Capture report.

Molefe agreed to return to Eskom after Public Enterprises Minister Lynne Brown discovered he had been granted a R30m early pension payout, which she refused to overlook.

The former CEO was only employed for 15 months at Eskom, but his pension cost was calculated as if he had worked until the age of 63.

http://www.fin24.com/Economy/breaking-public-protector-to-probe-molefes-r30m-pension-payout-20170724

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