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IOL News
a day ago
- Business
- IOL News
Brian Molefe's ongoing legal battle over R32m Eskom pension fund payout
MK Party MP and former Eskom chief executive Brian Molefe. Image: Jacques Naude / Independent Newspapers Former Eskom chief executive Brian Molefe will continue his fight against the power utility's pension and provident fund over the millions of rand he received in a payout in 2017. In 2018, the DA, trade union Solidarity, and the EFF obtained a Gauteng High Court, Pretoria, order reviewing and setting aside Molefe's reappointment as Eskom boss as well as the proposal granting him early retirement. At the time, the full bench of the high court – Judges Keoagile Matojane, Hans Fabricius, and Segopotje Mphahlele – also declared any payment or sum of money received by Molefe under any purported agreement between him and Eskom invalid and ordered him to repay the amounts within 10 days. Molefe unsuccessfully applied for leave to appeal to both the Supreme Court of Appeal and the Constitutional Court. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading In their scathing ruling, the judges found Eskom's decision to waive penalties and buy Molefe an extra 13 years of service totalling R30.1 million after only 15 months' service at the age of 50 stretched incredulity and was unlawful for want of compliance with the Eskom Pension and Provident Fund's (EPPF's) rules. 'What is most disturbing is the total lack of dignity and shame by people in leadership positions who abuse public funds with naked greed for their benefit without a moment's consideration of the circumstances of fellow citizens who live in absolute squalor throughout the country with no basic services,' the high court reasoned. In July 2022, the EPPF was later directed by Judge Norman Davis to repay Eskom the R32.3m payout, including employer contributions, Molefe's monthly pension contributions, and his performance bonus pension contributions. Molefe was ordered to repay the fund about R10m together with mora interest, which is charged when payment is not made. The former Transnet chief executive has maintained that based on his calculations, the net amount that he has to repay is just less than R1.5m. The EPPF then became entitled to set-off against the amount due by Molefe against the net balance of the Transnet Retirement Fund lump sum he received upon receipt of a tax directive from the SA Revenue Service (Sars) on the tax payable on the amount. Molefe appealed the July 2022 judgment, and on July 11, 2025, another full bench of the high court – Judges Ronel Tolmay, Mmonoa Teffo and Rochelle Francis-Subbiah – upheld his challenge. Parts of Judge Davis' order were set aside and substituted. 'The matter is referred to oral evidence to determine the amount payable by the appellant (Molefe) to the first respondent (EPPF), before a different judge. 'The first respondent must discover all documents relating to the calculation and flow of money as well as all documents it intends to use during the leading of evidence within 15 days of this order,' the court ruled. Additionally, according to the judgment, Molefe must discover all documents relating to the calculation and flow of money and all documents he intends to use during the leading of evidence within 15 days of the filing of his documents. The judges continued: 'The judges stated that actuaries may file supplementary reports after receiving the aforementioned documents, and must do so at least 45 days before the matter is heard.' Molefe did not respond to requests for comment on Tuesday.
TimesLIVE
10-07-2025
- Business
- TimesLIVE
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The South African
02-07-2025
- Sport
- The South African
Orlando Pirates bid R10 million for Mali star Sadio
Orlando Pirates have already wrapped up the signature of one Mali star, and now they're going after another. Abdoulaye Mariko has already bolstered their midfield options. The next target is Sadio Kounate, a sss Midfield maestro arrives at Pirates According to AfrikaFoot and Soccer Laduma , Orlando Pirates have offered R10 million for free agent Sadio Kanoute. He was most recently with the Malian side Stade Malien after winning a league and cup double, and has also represented Simba. The central midfielder has seven caps for Mali. 'According to Afrikafoot , the Soweto giants are considering tabling an offer in the region of €500,000 (approximately R10m) to lure Kanoute, who previously turned out for Simba SC in Tanzania,' the report stated. 24-year-old AmaZulu winger Tshepang Moremi enjoyed a productive 2024-2025 campaign. He made 28 league appearances for Usuthu, scoring three goals and assisting seven. He's got pace and directness to burn. Pirates fans will remember another speed merchant, Tlou 'Gautrain' Segolela, who Moremi isn't dissimilar to. Click for the story Will Pirates be justified in their pursuit of two Malian central midfielders? Let us know by leaving a comment below or sending a WhatsApp to 060 011 0211. Also, subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
30-06-2025
- Sport
- The South African
Orlando Pirates - Full list: All transfer targets
Orlando Pirates have several transfer targets lined up. Orlando Pirates have signed EIGHT players so far. However, the Soweto giants are far from done with their transfer business. In fact, following the arrival of new head coach Abdeslam Ouaddou, even more players are linked with the Bucs. Neo Maema Ime Daniel Okon Abdoulaye Mariko Sadio Kanout Pirates have already confirmed the edition of ex-Sundowns star, Sipho Mbule. Meanwhile, they are in hot pursuit of another Sundowns player – Maema. 'Yes, the club is believed to have made enquiries about Maema. Actually he was the first one even before Sipho Mbule. It has to be seen what will be the next move because apparently he still has one year on his contract with Sundowns. And Kaizer Chiefs are also believed to be interested in him,' the insider told SNL. To date, Pirates have signed a few Bafana Bafana stars. Sinoxolo Kwayiba, Yanela Mbuthuma and Tshepang Moremi are all now Bucs players. Furthermore, they are linked with another rising national player. Okon is one of the players that both Kaizer Chiefs and Pirates are interested in signing. This international player has been spotted in training with Pirates. So, Mariko (Mali) and Kanout (Mali) 'The Soweto giants are considering tabling an offer in the region of €500,000 (approximately R10m) to lure Kanoute, who previously turned out for Simba SC in Tanzania,' accoring to Africafoot. Meanwhile, Mariko is one of the players Ouaddou is planning on bringing to Pirates. Let us know your thoughts by leaving a comment below, or send a WhatsApp to 060 011 0211 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The Star
29-06-2025
- The Star
Investigating the Crime Intelligence scandal: SAPS linked to property purchases
Crime Intelligence has been rocked by another scandal as the new information has revealed that the unit is in the process of purchasing two properties in Durban, through a company linked to members of SAPS. The properties would be purchased through Matla Storage (Pty) Limited, which was set up last year. The directors of two police officers who are stationed in Pretoria - Captain Madumetja Mabusela and Nomzamo Nqwelo. Certified fraud examiner and founder of Forensics for Justice, Paul O'Sullivan, forwarded this information to the National Prosecuting Authorities' Investigating Directorate Against Corruption (IDAC) and Office of the Inspector-General for Intelligence (OIGI). It is believed that the purchase has been approved. This comes as investigations into the alleged looting of the Crime Intelligence secret account continue following the arrest of Dumisani Khumalo, the head of the division, and seven others. Khumalo was arrested at OR Tambo International Airport in Johannesburg this week after what authorities described as an 'extensive' investigation into the allegedly unlawful acquisition of two high-value properties. The properties include a boutique hotel in Pretoria North, Gauteng, reportedly purchased for R22.7 million and a commercial building in Durban, KwaZulu-Natal, valued at R22.8m. Both acquisitions are alleged to have been made without the requisite ministerial approval. It has been alleged that Khumalo and the National Commissioner, Fannie Masemola, received kickbacks from these deals. The City Press on Sunday reported that Masemola could be arrested for the irregular procurement of crime intelligence buildings worth more than R120 million. For the two properties in Durban, it has been alleged that Matla Storage has drawn up the memorandum motivating the expenditure of R38m plus R10m in purported transfer costs. In the application for funds, seen by Independent Newspapers, the offer to purchase was accepted by the seller on December 30, 2024, for a purchase price of R22.8m in terms of the agreement. A deposit of R2m was paid on January 7, 2025. This was signed by Mabusela, who is also the supply chain management, and the acting head of finance and administration, Colonel S Mayekiso, as well as the chief financial officer, Major General Lushaba. Mabusela did not respond to messages and calls. Nqwelo also dropped the call when asked to respond. Police spokesperson Athlenda Mathe said the SAPS does not comment on any aspect related to the crime intelligence space. IDAC spokesperson Henry Mamothame said the division cannot comment on matters under investigation or the sources of our investigations. 'Matters are referred to IDAC in terms of Sec 27 of the NPA Act and can be referred to us by anyone,' he said. OIGI spokesperson, Nomsa Mlambo, said the Inspector General will formally respond to the question on Monday (tomorrow). Masemola also did not respond to calls and messages. O'Sullivan said the involvement of the two police officials amounts to a conflict of interest. 'It is noted that both buildings are fully tenanted and use thereof for police officials cannot be obtained until they have been vacated." 'It is not stated what will happen to the rental income on both buildings, after same have been purchased, but before same are put to use by the police,' said O'Sullivan, adding that although the memorandum states that the transfer costs will be in the order of R10 million, it is clear that this is grossly exaggerated. 'Although the information note states that they will comply with the PFMA, they then go on to motivate why the purchase should be done in secret and without providing the best value for taxpayers' money. The shroud of secrecy being constantly used for buying high-priced immovable properties seems to be ultra vires the PFMA.' 'Finally, I have no idea if the heads stated in the motivation note are real heads or fictitious heads, to generate the 'need' to spend so much taxpayer funds. If the numbers are correct, the high levels of crime in Durban seem to indicate that the police officials are not actually working,' O'Sullivan said. The Crime Intelligence secret service account, also known as a slush fund, is allocated more than R600 million annually, which is used to pay police informants nationwide in exchange for information about criminal syndicates and their activities. Due to the nature of the transactions, there is little to no security of how the funds are used. Meanwhile, the Institute for Security Studies (ISS) head of justice and violence prevention, Gareth Newham, said the recent arrests show that criminal activity occurs at the highest level of the leadership of this division. 'If corruption occurs at the top, you can be sure it occurs at all levels of this division. Hopefully, these arrests are the beginning of a wholesale clean-up of this division.' Newham added that Crime Intelligence capacity should be decentralised so that its capacity that is not tainted by involvement in crime and corruption, is allocated to specialised units tackling organised crime and corruption, such as the Hawks, the IDAC, and the SAPS Anti-Corruption Unit. 'Moreover, intelligence capacity should be made available to support detectives and visible policing across all SAPS districts and stations to ensure that those involved in crimes harming our communities are effectively targeted and dismantled,' he said. The DA said it expected more arrests of high-ranking and senior officials of the SAPS to follow. The party also called on Police Minister Senzo Mchunu to ensure that the full might of the law prevails and that these arrests lead to the imprisonment of those found guilty of wrongdoing. [email protected]
