Brian Molefe's new ANC MP title will raise speculation - Stephen Grootes

Former Eskom CEO Brian Molefe has been nominated to fill a vacancy on the North West list of ANC members of Parliament.

Molefe resigned from Eskom last year after he was implicated in the Public Protector's 'State of Capture' report.

EWN's Stephen Grootes says the announcement will cause the market and public to speculate about President Jacob Zuma potentially acting against Finance Minister Pravin Gordhan.

Obviously the market's are going to speculate and you and I are going to speculate that this is about a cabinet re-shuffle.

Stephen Grootes, senior EWN reporter

He says the move will likely raise questions about why and how the ANC selects its MPs.

What it means is that Brian Molefe is going to become an MP. But there's obviously a reason why he would become a member of parliament - and it wouldn't be to fill up the back benches.

Stephen Grootes, senior EWN reporter

It was found that Molefe communicated regularly with one of the Gupta brothers amid speculation that Eskom had awarded a Gupta-owned company a coal supply tender unlawfully.

Parliament has acknowledged Molefe's nomination says he will be sworn in on a date that is yet to be confirmed.

Grootes says that the ANC's decision may send the wrong signal to the financial market, just days before Gordhan's Budget Speech.

Take a listen:

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
ANCYL calling for Pravin Gordhan to go (just days before budget)

ANCYL calling for Pravin Gordhan to go (just days before budget)

EWN Reporter Clement Manyathela reports that the ANC Youth league want the current finance minister 'redeployed' out of Treasury.

Should Pravin Gordhan go or stay? Listeners state their cases

Should Pravin Gordhan go or stay? Listeners state their cases

The ANCYL has called for the axing of the Finance Minister, and Redi Tlhabi asked listeners whether he deserves to keep his job.

Former Eskom CEO Brian Molefe to take over as Finance Minister - reports

Former Eskom CEO Brian Molefe to take over as Finance Minister - reports

The Sunday Times reports that Molefe will be appointed in an attempt to oust Finance Minister Pravin Gordhan.

Eskom's newly appointed acting CEO also implicated in Madonsela's report

Eskom's newly appointed acting CEO also implicated in Madonsela's report

Eskom board recommended Matshela Koko for the position of acting CEO after the resignation of Brian Molefe.

Tweeps poke fun at Brian Molefe's #SaxonwoldShebeen

Tweeps poke fun at Brian Molefe's #SaxonwoldShebeen

As the weekend strikes, tweeps are scrambling to find the watering hole now referred to as Saxonwold's best kept secret.

Molefe makes light of evidence of Gupta visits ('There's a shebeen there…')

Molefe makes light of evidence of Gupta visits ('There's a shebeen there…')

The Money Show’s Bruce Whitfield interviews EWN's Gia Nicolaides about the Eskom CEO’s response to the state capture report.

Popular articles
LISTEN: Eyewitness recounts what happened during OR Tambo Airport heist

LISTEN: Eyewitness recounts what happened during OR Tambo Airport heist

A group of young men allegedly using a police van made off with millions of rand at OR Tambo International Airport last night.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?