Brian Molefe Eskom

JOHANNESBURG, SOUTH AFRICA – NOVEMBER 03: Eskom CEO Brian Molefe breaks down while talking about his relationship with the Guptas during a media conference where Eskom released its interim financial results on November 03, 2016 in Johannesburg, South Africa. Molefe defended Eskom’s deal with Tegeta, a Gupta owned company, saying that allegations levelled against him in Thuli Madonsela’s “state capture” report are unfounded. (Photo by Gallo Images / City Press / Lucky Nxumalo)

Bailiffs at the door: Ex-Eskom CEO Brian Molefe set to have assets seized

Justice may not yet have been served against disgraced Eskom executive Brian Molefe, but this is a step forward: He’s in a bit of financial trouble, here.

Brian Molefe Eskom

JOHANNESBURG, SOUTH AFRICA – NOVEMBER 03: Eskom CEO Brian Molefe breaks down while talking about his relationship with the Guptas during a media conference where Eskom released its interim financial results on November 03, 2016 in Johannesburg, South Africa. Molefe defended Eskom’s deal with Tegeta, a Gupta owned company, saying that allegations levelled against him in Thuli Madonsela’s “state capture” report are unfounded. (Photo by Gallo Images / City Press / Lucky Nxumalo)

Gerrie Nel and his team weren’t joking when they said they were going to target Brian Molefe. The former Eskom CEO and key Gupta-ally was told to “pay back the money” in the court last week, regarding his R30 million pension payout that was as bent as a nine-rand note.

Brian Molefe to have assets seized

However, the ex-CEO has been able to keep hold on to a few of his millions: Last week, ConCourt told him that R11 million of his “golden handshake” must be returned to Eskom after they dismissed his appeal. But that’s where his victories cease. The DA’s Natasha Mazzone has threatened further legal action, and so have Solidarity.

The trade union have stepped up their work – in conjunction with AfriForum – to institute private prosecution proceedings against the disgraced executive. They want him held accountable on charges of fraud and, with the NPA dragging their feet, Nel and his legal team are ready to rock and roll.

How much does Brian Molefe have to pay back?

In fact, they’ve already made a head start on the soon-to-be defendant: A warrant for execution by which the sheriff can seize Molefe’s goods has been issued on Tuesday, and Solidarity can begin reclaiming the debt from Molefe. Bailiffs are expected to seize assets up the value of R708 102 from the former CEO’s Cornwall Estate in Pretoria.

Dirk Hermann is the Chief Executive of Solidarity. He explained the decision to move this case forward, citing the alleged “failures” of the State Capture Inquiry to bring any meaningful punitive actions against those implicated in government-sponsored corruption. Harsh words…

“What is clearly evident from the [Zondo Commission] is a total lack of accountability. South Africa should no longer allow taxpayers to get away without consequences. It is unfortunate that courts have to become the conscience of business leaders who unjustly enrich themselves.” 

Dirk Hermann

Solidarity get the ball rolling

The trade union has also already started preparing for legal action to put further pressure on Eskom and the pension fund to recover the money, taking further appropriate action against Brian Molefe. After enjoying trips to all-expenses-paid trips to Dubai at the behest of the Guptas, the former Eskom chief’s next destination could be the courtroom.