Former Eskom CEO gets R30-mil handshake


Eskom CEO Brian Molefe shows a peace hand gesture during a media conference where Eskom released its interim financial results on 03 November 2016 in Johannesburg.

JOHANNESBURG - Former Eskom CEO, Brian Molefe has reportedly received a 30-million-rand payout from the power utility.

The Sunday Times is reporting that Molefe received the golden handshake in March, after serving eighteen months as CEO.

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The paper says it has documents showing the payout as a severance cost, and another as his pension fund.

But, Eskom allegedly can’t verify this until it finalises its annual reports, in about three months.

Molefe resigned from the parastatal after being mentioned in former public protector, Thuli Madonsela’s State of Capture report.

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