Eskom gives Molefe a week to repay R10m
The Eskom Pension and Provident Fund has confirmed its lawyers have instructed former Eskom CEO Brian Molefe to return more than R10m he received from the fund, and he may need to pay up as soon as next week, notes a Fin24 report.
This comes after the Constitutional Court dismissed Molefe's leave to appeal against a High Court decision last year that he must pay back around R10m in pension benefits from Eskom.
Eskom Pension and Provident Fund spokesperson Thato Motlhabi reportedly told Fin24 that it had directed its attorneys to act in line with the ruling of the Gauteng High Court (Pretoria), confirming that Molefe has less than a week to pay up.
Motlhabi said the details of how Molefe would return the money to the pension fund would be determined in due course.
‘The High Court judgment stipulated that Mr Molefe needed to repay all amounts paid to him by the EPPF, totalling R10 327 074.53, within 10 days (of the ruling). The EPPF is in the process of seeking payment and any payment terms shall be set out in the course of these actions,’ Motlhabi said.
As reported last week, trade union Solidarity, which brought the case to recover the funds, said Molefe's attorneys had requested a 30-day postponement for the payment of the R700 000 that Molefe owed the union for costs as ordered by the court.
However, Solidarity said it responded that he had seven days to pay.
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