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Brian Molefe is no longer the CE of Eskom

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Brian Molefe: Resigned, retired, retrenched, retained...? (Pic: Gallo Images)
Brian Molefe: Resigned, retired, retrenched, retained...? (Pic: Gallo Images)

Cape Town - Brian Molefe is no longer the group chief executive of Eskom, the power utility announced on Friday. Molefe will also no longer serve as a director on the board of Eskom.

Molefe agreed to return to Eskom after Public Enterprises Minister Lynne Brown discovered he had been granted a R30m early pension payout by Eskom, which she refused to condone.

She asked the board to find another solution, and his reinstatement was the result of this. Brown said this was a better value proposition for the South African fiscus.

However, following a backlash from the ANC, the Democratic Alliance and the Economic Freedom Fighters,  an inter-ministerial committee concluded that Brown should order the Eskom board to rescind Molefe's reappointment.

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