Eskom

South Africa's state-owned power utility Eskom Holdings SOC Ltd. has recovered 30 million rand ($1.7 million) that it paid six years ago to boost the ...

Eskom said on Wednesday that it had successfully recovered R30-million that it "unlawfully" paid its pension fund for the benefit of its disgraced ex-CEO.

The former public protector’s report led ultimately to the creation of the Zondo commission into state capture. At a briefing a week before his exit, Molefe wept openly as he said there was “no basis” to Madonsela’s findings. [Brian Molefe must pay back the money](https://techcentral.co.za/brian-molefe-must-pay-back-money/199407/)

The R30 million was paid into the pension and provident fund in 2016.

Eskom said that it had fully recovered millions which were illegally paid into the pension and provident fund of its former boss, Molefe. The R30 million was paid into the pension and provident fund in 2016. Eskom has recovered the R30 million unlawfully paid for Brian Molefes pension benefit to the Eskom Pension & Provident Fund

As stipulated in the agreement, Eskom paid approximately R30 million to the EPPF to boost Molefe's retirement pension payout. “The EPPF, the party in the court ...

The Zondo Commission of Inquiry into State Capture heard evidence on the matter and had “reasonable grounds” to believe that Molefe and Singh were among those who accepted cash bribes from the Gupta enterprise for their roles in facilitating state capture at Transnet. Allegations include that the executives had siphoned millions from the transaction to various Gupta-linked companies in 2015. As stipulated in the agreement, Eskom paid approximately R30 million to the EPPF to boost Molefe’s retirement pension payout.

Power utility Eskom says it has recovered the R30-million it "unlawfully" paid to its pension fund for the benefit of its former CEO Brian Molefe in 2016.

[[email protected]](mailto:[email protected]) or [click here](https://goo.gl/forms/Gk36CSvUCWKCoaqt1 ) [[email protected]](mailto:[email protected]) or [click here](https://store.creamermedia.co.za/products/magazine-online-hard-copy-south-africa-only) But the former Eskom boss stalled, arguing there was no clarity on what amount he needed to pay back.

State power utility Eskom on Wednesday confirmed that it had recovered the sum of R30 million that was unlawfully paid out to the Eskom Pension & Provident ...

The four were granted R50 000 bail each and were asked to hand over their passports. However, moving on false understandings of the rules, Molefe, who was appointed at Transnet before Eskom, transferred an amount of R4.3 million he had received from the Transnet retirement Fund to the EPPF. Molefe’s exit coincided with the release of then Public Protector Thuli Madonsela’s State Capture report in which Molefe was fingered for participating in corrupt activities at the state utility. Read: