Eskom board vows to stop Molefe's R30 million pension payout

Former Eskom CEO, Brian Molefe will have to renegotiate his pension payout with Public Enterprise Minister Lynne Brown.

Brown announced that she would not approve the proposed payout to Molefe as he had already been granted a bonus for his contribution to the Eskom turn around.

Khulani Qoma, Eskom board spokesperson, says the board, together with Molefe, is now working around the clock to accede to the ministers request.

Unfortunately, at this point, it is very difficult for me to engage on the merits and demerits. There was a sum consideration and I don't think it was purely to compromise South Africans.

Khulani Qoma, Eskom board spokesperson

Also read: Eskom board welcomes Minister Brown's decision on Molefe R30m payout

We are beyond that now. We have to now meet the deadlines as set out.

Khulani Qoma, Eskom board spokesperson

Qoma says the board has every intention of complying with the ministers instructions and meet the deadline within seven days. He adds that he does not think Eskom has been behaving in a manner that deliberately taints its image.

Listen to the full interview in the audio below:

Read More
Opinion: What on earth goes on at Eskom's board?

Opinion: What on earth goes on at Eskom's board?

Stephen Grootes questions how Brian Molefe resigns under a cloud and then gets R30m for four-years work.

Wa Afrika given 24-hour security after exposing Eskom

Wa Afrika given 24-hour security after exposing Eskom

Times Media Group has provided 24-hour security to Wa Afrika after a confession from the man hired to kill him.

Eskom board welcomes Minister Brown's decision on Molefe R30m payout

Eskom board welcomes Minister Brown's decision on Molefe R30m payout

Minister Lynne Brown has rejected the R30 million payment to former Eskom CEO Brian Molefe.

Ramaphosa supports commission of inquiry into state capture

Ramaphosa supports commission of inquiry into state capture

Deputy President Cyril Ramaphosa says the African National Congress (ANC) must address the "elephant in the room".

Gigaba needs to be decisive -  Mantshantsha

Gigaba needs to be decisive - Mantshantsha

Sikonathi Mantshantsha, Deputy Editor at Financial Mail speaks to Africa Melane about the minister's investors road show.

Koeberg reveals plans to install a desalination plant

Koeberg reveals plans to install a desalination plant

Koeberg's power station manager speaks about plans to reduce the power station's consumption of fresh water.

'Land restitution failed because Government is the biggest owner of land'

'Land restitution failed because Government is the biggest owner of land'

Bruce Whitfield interviews Finance Minister Malusi Gigaba's advisor Chris Malikane and Business Leadership SA's Bonang Mohale.

Eskom explains why we need nuclear (and why corruption shouldn't be a problem)

Eskom explains why we need nuclear (and why corruption shouldn't be a problem)

The Money Show’s Bruce Whitfield interviews Eskom Chief Nuclear Officer David Nicholls.

LISTEN: Ask  who benefits if we go down the route of nuclear- Kumi Naidoo

LISTEN: Ask who benefits if we go down the route of nuclear- Kumi Naidoo

Naidoo shared his thoughts on a proposed nuclear deal and issues of human rights.

Eskom's delayed renewable energy deal 'economic suicide', says expert

Eskom's delayed renewable energy deal 'economic suicide', says expert

Energy expert Ted Blom explains that the signing of power agreements with the renewable energy industry will sink Eskom further.

Eskom pushing ahead with nuclear build programme

Eskom pushing ahead with nuclear build programme

Eskom chief nuclear officer says it's all systems go for the government's nuclear build programme.

Tshwane cops' Eskom cover blown

Tshwane cops' Eskom cover blown

Eskom's Bandile Jack responds to reports that law enforcement in Tshwane has been using Eskom's emblem in undercover operations.

Popular articles
Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Opinion:  Bishop Lekganyane is right

Opinion: Bishop Lekganyane is right

Stephen Grootes weighs in on comments made by the Zion Christian Church Bishop at the weekend.

Getting to know MP, Dr Makhosi Khoza

Getting to know MP, Dr Makhosi Khoza

Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

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?