Former Eskom CEO Brian Molefe has been ordered to pay back pension benefits he received when he left the state-owned entity.
Eskom Pension and Provident Fund made the announcement after the court order made by the North Gauteng High Court in Pretoria. The judgment was delivered on Monday after a hearing in March.“In terms of the judgment, and in line with what the EPPF requested the court to adjudicate, Mr Molefe has been directed to pay back amounts received by him plus interest and legal costs,” said the fund in a media statement.
“Mr Molefe had appealed the matter all the way to the Constitutional Court in 2019. The legal action taken by the EPPF included asking the high court to determine and order how much needed to be repaid considering Mr Molefe’s own contributions to the fund while he was an employee of Eskom, his accumulated retirement savings transferred to the EPPF from his previous employer, as well as the related tax implications and applicable interest,” read the media statement.
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