Today's Labour News

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eskomANA reports that opposition parties on Sunday praised Public Enterprises Minister Lynne Brown for rejecting Eskom’s proposal to pay its former CEO Brian Molefe a R30 million golden handshake pension pay-out.  

Democratic Alliance (DA) spokeswoman Natasha Mazzone said they welcomed Brown's rejection of the exorbitant and unjustified pay-out to the "disgraced" Molefe.  The DA called on the Eskom board to revert to Minister Brown with a new proposal for Molefe's golden handshake to be R0.00.  Congress of the People (Cope) spokesman Dennis Bloem also applauded Brown for heeding calls to intervene in this "scandalous R30m so-called pension payout from Eskom" and added that it was “unthinkable that a person who only worked for 18 months walks away with R30m after resigning.”  Earlier on Sunday, Brown said she had declined Eskom’s payout proposal and strongly criticised the board for leaving her in the dark about the matter.  She instructed the board to urgently engage Molefe and report back to her with an appropriate pension proposal within seven days.

  • Read this report in full at IOL News
  • Read too, Decision on Molefe pension payout sets precedent, says OUTA, at News24


Get other news reports at the SA Labour News home page