The Minister of Public Enterprises, Ms Lynne Brown, has granted the Board of Eskom more time to resolve through a mutually beneficial consultation process a pension pay-out to its former Group Chief Executive, Mr Brian Molefe.
“The Board has asked for more time to finalise their internal process and in the interest of fairness, I have acceded to it,” Minister Brown said.
Minister Brown on Sunday declined the Board’s proposal and urged the Board to urgently engage Mr Molefe. The Board had to forward an appropriate pension proposal within seven days to the Minister.
“The Chairperson, Dr Ben Ngubane approached me this week and he indicated that the process has started. However, he requested an extension which I have granted,” Minister Brown said.
Issued by Department of Public Enterprises