Brian Molefe, former Eskom boss is set to make a shocking and spectacular return to his old job.
Molefe, now an MP was severally implicated in Thuli Madonsela’s State capture Report. The report had raised questions about his proximity to members of the Gupta family whose company, Tegeta Exploration and Resources, is a supplier of coal to Eskom.
His return to Eskom follows a decision by the power utility’s board to rescind his application for early retirement, because it could not agree with him “on a mutually beneficial pension proposal.”
The former Eskom boss has been an ANC Member of Parliament (MP) for barely three months. Sunday is likely to be his last day as an MP.
Public Enterprises Minister Lynne Brown last month objected to Eskom’s payment of a R30 million pension payout to Molefe. This is why Eskom took the decision to recall him.
Eskom chairperson Ben Ngubane said yesterday that in accordance with the minister’s instructions, the parties attempted to find a mutually acceptable pension proposal, but were unable to reach such an arrangement.
“The board, therefore, rescinded Molefe’s early retirement application,” Ngubane said. He added that with Brown’s consent, the utility had reinstated Molefe’s contract of employment, which ends in September 2020. “The board was required to rescind its decision having regard to the Minister’s concerns,” he said.
Ben Ngubane, who has in the past gone on a limb to defend Molefe, waxed lyrical about the former Eskom boss, saying he was “absolutely delighted” to welcome him back at the entity.
“We are facing serious problems. None of our applications for coal purchases had been approved by the Treasury. We need that skill that saved us last time. When he came here, Eskom was on the brink of collapse. The previous chief executive had spoken about blackouts. There was a stage when they told the minister that Eskom might not be able to pay salaries.
“In terms of our fiduciary responsibility, we had no alternative other than to bring (Molefe) back to help us,” said Ngubane.
Rumor has it that Molefe had chosen to return because President Jacob Zuma had not appointed him in the recent cabinet reshuffle.
Ngubane said acting chief executive Matshela Koko would return to his previous position of group executive for generation.