Fin24 reports that Eskom's pension fund has accused the power utility's former head, Brian Molefe, of trying to delay his obligation to pay it R10 million.
Earlier this month, the North Gauteng High Court ruled that Molefe had to pay the fund the R9.98 million that he was wrongly awarded when he stepped down as CEO. Molefe was ordered to pay the money, plus interest, within 10 days. The Eskom Pension and Provident Fund said at the time that it hoped the ruling would bring the drawn-out matter to a close. But on Wednesday, the fund said it had learned that Molefe now intended to appeal the ruling. "The [fund] believes there are no merits to Mr Molefe's appeal, and it is an attempt to delay the implementation of the court order," said chief executive Shafeeq Abrahams. The saga of Molefe's pension dates to 2018, when a court set aside all his Eskom-linked pension payouts and ordered him to pay back the money he had received. But the former Eskom boss did not pay back the funds, arguing that he didn't know how much he needed to pay. On 4 July, Judge Norman Davis set out what Molefe had to pay, namely R9,985,540, plus interest calculated from 31 October 2019. Davis also thought it necessary to reconfirm Molefe's obligation to "proverbially 'pay back the money'".
- Read the full original of the report in the above regard by Jan Cronje at Fin24
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