Molefe
BREAKING NEWS: The Eskom Board has decided to revoke its decision to pay Brian Molefe’s R30 million ($2.2 million) pension payout.

The former Eskom Chief Executive is expected to resume his position as head on Monday 15 May, 2017, Eye Witness News reported.

Eskom says the decision follows an extensive consultation process with experts in the pension and legal sector, EWN reported.

A decision was then taken to reverse his employment contract and he will return to his previous position next week, the utility added.

Confirming this on behalf of the Eskom Board is Kulani Ngomana, who told EWN that the news is “definitely true” and the former CE will resume on Monday.

As no mutual agreement was reached regarding the  review of his pension payout, which was performed at the request of the Minister, the Board decided to rescind its initial decision of a pension payout.

Brian Molefe resignation

In November last year, Molefe handed in his resignation following the release of the State of Capture report by the former Public Protector, Advocate Thuli Madonsela.

The former CE wrote a letter to the public explaining the reasons for his resignation. In this letter Molefe said: “I will reiterate that this act is not an emission of wrongdoing on my part. It is rather what I feel to be the correct thing to do in the interests of the company and good corporate governance.

“I go now, because it is in the interests of Eskom and the public it serves, that I do so.”

Read the full letter.