Public Protector to investigate Molefe's R30-million 'handshake

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Johannesburg, 18 February 2017- The former Eskom CEO was once in charge of Transnet and the Public Investment Corporation. He was also a chief director at the Treasury, a department he's rumoured to be returning to - this time, in a ministerial post.

Johannesburg, 18 February 2017- The former Eskom CEO was once in charge of Transnet and the Public Investment Corporation. He was also a chief director at the Treasury, a department he's rumoured to be returning to - this time, in a ministerial post.

JOHANNESBURG - Public Protector Busisiwe Mkhwebane has agreed to investigate disgraced former Eskom CEO Brian Molefe, for the R30-million “golden handshake” he was awarded by the beleaguered power utility.

DA MP Natasha Mazzone said on Monday her party had requested the investigation after it had emerged that the Eskom board approved a payout to Molefe after he was CEO for only 18 months.

“It is unacceptable that an individuals such as Brian Molefe, who sits deeply in the pockets of the Guptas, is rewarded not for doing a good job for the people of our country, but is paid millions for serving the interests of one family,” said Mazzone.

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She said the DA had made the request following public outrage over the “golden handshake”, which later became a “performance bonus”, and then a “pension payout”.

“This outrageous payout is a gross abuse of public funds, especially after Molefe resigned ‘in the interests of good corporate governance’ after his close ties to the Guptas were revealed in the damning State of Capture report,” said Mazzone.

“Molefe does not deserve the R30-million. In fact, he does not deserve a single cent. He must pay back every dime of the R30 million to Eskom.”

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The DA said Eskom was in deep financial trouble and the money could go a long way in bringing much-needed stability at the power utility.

Mazzone said the DA would continue to fight to root out the deeply entrenched corruption at Eskom.

“South Africans deserve public servants who work to improve their lives, not individuals who are interested only in lining their own pockets.”