The big ques­tion is now: What next for Molefe?

The Star Early Edition - - BUSINESS REPORT - Siseko Njobeni

BRIAN Molefe’s con­tro­ver­sial stint as Eskom chief ex­ec­u­tive of­fi­cially ended on Fri­day when the util­ity’s board re­scinded its de­ci­sion to re­in­state him last month.

Molefe re­turned to Eskom on May 15 af­ter Public En­ter­prises Min­is­ter Lynne Brown blocked the util­ity’s plan to pay a pen­sion of R30 mil­lion to him. In­stead, she asked the board to find an al­ter­na­tive for Molefe. When this failed the board re­in­stated Molefe, say­ing he had not re­signed, but had ap­plied and was granted early re­tire­ment.

But fol­low­ing the furore that ac­com­pa­nied the shock­ing move, Brown – who was ini­tially sup­port­ive of the de­ci­sion – said she would ask the board to re­scind its de­ci­sion.

“In giv­ing ef­fect to and on the ba­sis of the Min­is­ter’s di­rec­tive con­tained in the let­ter dated May 31, 2017, it was re­solved that the res­o­lu­tion of the Board of Di­rec­tors taken on May 2, 2017, is re­scinded. Fur­ther­more, it was re­solved that the re­in­state­ment agree­ment con­cluded be­tween Mr Molefe and Eskom on May 11, 2017 be re­scinded,” Eskom said on Fri­day.

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