Share

Molefe earned his R30m pension payout, inquiry told

Cape Town - Eskom executive support manager Anton Minnaar has told Parliament’s inquiry into state capture that former Eskom CEO Brian Molefe was well worth his R30m pension payout, as he helped defeat load shedding.

Minnaar was the first witness to give evidence at the inquiry on Tuesday. 

Asked whether he believed that Molefe should have been given a R30m payout after 18 months at the power utility, Minnaar said it depended on the performance of the individual. 

Minnaar said that Molefe managed to break the back of load shedding under his watch. 

"If he can stop load shedding, I will pay him," Minnaar said. 

The committee will later hear evidence from the Eskom board and the power utility's controversial suspended chief financial officer Anoj Singh.

The question of Molefe's pension payout has been a recurring theme at the inquiry.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.96
-0.3%
Rand - Pound
23.95
-0.2%
Rand - Euro
20.48
-0.1%
Rand - Aus dollar
12.36
-0.1%
Rand - Yen
0.13
-0.4%
Platinum
911.60
+1.6%
Palladium
1,012.97
+1.1%
Gold
2,216.03
+1.0%
Silver
24.89
+1.0%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders