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Fin24 reports that the Eskom Pension and Provident Fund (EPPF) has confirmed that it received no payment on Thursday from former Eskom CEO Brian Molefe for the more than R10m he was paid by the fund.
Molefe thereby missed the deadline determined by the courts to return the money, which was found to have been paid to him unlawfully. In January last year, the North Gauteng High Court ruled that the payout, facilitated by an early retirement agreement with the board, was unlawful and should be set aside. Molefe was directed to pay the money back to the EPPF within 10 days. This was deferred, however, when Molefe attempted various appeals against the ruling. Three courts - namely the High Court, the Supreme Court of Appeal and the Constitutional Court - all ruled against him on the matter. Following the legal costs order, Molefe had until Thursday to pay trade union Solidarity R708,102. The EPPF also confirmed that Thursday was the deadline for Molefe to pay the funds relating to the pension payout. The EPPF assured members that it would "take all the necessary steps to ensure compliance with the North Gauteng High Court judgment".
- Read the full original of the above report by Khulekani Magubane at Fin24
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