Brian Molefe's benefits amounted to 13 years of services with a 5 year contract

The alleged R30 million pension payout for disgraced former Eskom CEO Brian Molefe was scrutinized in Parliament on Friday.

An Eskom pension fund official is appearing before the Portfolio Committee on Public Enterprises on Day 3 of the parliamentary inquiry into the parastatal.

Molefe was fingered in Thuli Madonsela’s state capture report after cellphone evidence revealed that fifty eight telephone calls were made between him and Ajay Gupta between August 2015 and March 2016.

Rahima Essop, EWN reporter was in parliament. She says the committee heard from the Eskom pension and provident fund department.

The official told members of parliament that Eskom gave its pension and provident fund department incorrect information about Molefe's employment contract, creating the impression that he was a permanent employee even though he was on a five year fixed contract.

Rahima Essop, EWN reporter

Only permanent employees can be members of the fund which is an independently run legal entity governed by a board of trustees and relied on Eskom's information when making decisions on pension payout reports Essop.

She says according to the CEO it had no reason to mistrust the parastatal. She adds that going forward, Eskom will have to present proof employees contracts.

For example they want to view Anoj Singh's contract-if he's also a member of the fund. Eskom has also been asked to submit names of employees who are part of the fund but should not be part of it.

Rahima Essop, EWN reporter

Essop goes on to say the fund is now reviewing its rules as a result of the controversy surrounding Molefe's sizeable pension payout calculated at R30 million.

Eskom invoked rules which permitted Molefe to take early retirement at age 50 and the utility brought additional benefits amounting to 13 years of services. Even though he checked at 50, he got the pension of someone that retired 63. And the fact his wife was younger than him also boosted his payout. According to calculations from the fund, if your wife is five years younger than you, you get more money.

Rahima Essop, EWN reporter

Listen to the full EWN report in the clip below:


This article first appeared on 702 : Brian Molefe's benefits amounted to 13 years of services with a 5 year contract


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How Gigaba apparently became the great enabler, linking state capture networks

How Gigaba apparently became the great enabler, linking state capture networks

Political analyst and investigative journo uncover Gigaba's alleged role in state capture project and position as Zuma's prodigy.

SACP threatens nationwide shutdown if Molefe takes over PIC

SACP threatens nationwide shutdown if Molefe takes over PIC

SACP spokesperson Alex Mashilo commented on reports that PIC's Dan Matjila could be replaced by Brian Molefe.

EWN EXCLUSIVE: Internal report slams Eskom board's inaction over 'tainted' execs

EWN EXCLUSIVE: Internal report slams Eskom board's inaction over 'tainted' execs

Eskom’s board is accused of failing to act decisively against compromised senior executives in an internal report by its very own.

Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Eskom admits to lying that consulting firm Oliver Wyman found payments of R1.6 billion to Trillian and McKinsey were legit.

Sipho Pityana calls on business to support 8 August national shutdown

Sipho Pityana calls on business to support 8 August national shutdown

The Save SA was speaking at The Daily Maverick's event 'The Gathering - Media Edition' in Cape Town

How Eskom's crafty incentive scheme secured a 92% pay raise for Molefe and Singh

How Eskom's crafty incentive scheme secured a 92% pay raise for Molefe and Singh

Mail & Guardian's Phillip de Wet explains a "long-term share incentive scheme" engineered to benefit top executives.

Parliament holds preliminary hearing to gather information for Eskom probe

Parliament holds preliminary hearing to gather information for Eskom probe

EWN parliamentary reporter Gaye Davis share the news out of Parliment's probe into Eskom.

Public Protector to probe Brian Molefe's R30 million pension pay out

Public Protector to probe Brian Molefe's R30 million pension pay out

Political analyst, Karima Brown, brings us the top political news of the day.

Eskom numbers looking brighter than previous financial year

Eskom numbers looking brighter than previous financial year

While its financial performance has improved Eskom said it will be taking disciplinary actions against suspended Eskom acting CEO.

Popular articles
This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

AfriForum: H&M advert was not racist

AfriForum: H&M advert was not racist

AfriForum says it has laid criminal charges against the EFF's Malema, Ndlozi and Shivambu for incitement to commit violent crimes.

SANParks to immediately increase patrols on mountain trails for safety of hikers

SANParks to immediately increase patrols on mountain trails for safety of hikers

Stabbing and mugging attacks this past weekend left visitors concerned about safety on Table Mountain and other hiking trails.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Government moves to seize R1.6 billion in Gupta assets

Government moves to seize R1.6 billion in Gupta assets

The Asset Forfeiture Unit is gunning for the Guptas, says City Press. Bruce Whitfield interviews ENS Africa’s Steven Powell.

Schweppes leaves a bad taste in consumers mouth with their branding mix-up

Schweppes leaves a bad taste in consumers mouth with their branding mix-up

‘You'd have a gin and tonic & you’d find hold on, that’s not tonic water I’ve put in there, that’s soda water' - Stephen Grootes

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.