STAFF REPORTER|
ESKOM said on Wednesday that it has recovered R30 million unlawfully paid for Brian Molefe’s pension benefit to the Eskom Pension and Provident Fund.
The power utility said the money had been unlawfully paid to its former chief executive officer (CEO) in 2016.
“In July 2022, the North Gauteng High Court reaffirmed a 2018 high court judgment that had reviewed and set aside a 2016 early retirement agreement between Mr Molefe and Eskom,” the company said in a statement.
“In terms of the agreement, Eskom paid to the EPPF approximately R30-million to boost Mr Molefe’s early retirement pension payout.”
The return of the pension millions came after Judge Norman Davis of the North Gauteng High Court in July ruled in Eskom’s favour and reaffirmed a prior 2018 high court judgment that Eskom should be repaid the millions.
Davis ordered the EPPF to repay the total amount of R30.1
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