Brian Molefe Transnet

Brian Molefe. Image: File Photo

Ex-Eskom boss turned MP, Brian Molefe’s R30 million ‘payout’ for 18 months on the job

Despite only serving as Eskom’s CEO for 18 months and resigning of his own accords, the Sunday Times reports that Brian Molefe scored a R30 million golden handshake when he left to become an MP.

Brian Molefe Transnet

Brian Molefe. Image: File Photo

From getting paid millions in tax money as Eskom CEO to getting an even cushier deal as an ANC MP, Brian Molefe’s had it pretty darn good… despite his alleged involvement with the Guptas and being fingered in former Public Protector Thuli Madonsela’s State of Capture report.

Watch: Pravin Gordhan throwing some serious shade at Eskom’s Brian Molefe

The Sunday Times reports that Molefe received a R30.1 million payout just last month after resigning from the embattled power utility in the wake of the State of Capture report.

The newspaper reportedly saw documents outlining the march 23 payout to Molefe, given after just 18 months at his job. Despite the report, minister of public enterprises Lynne Brown claims to have no knowledge of the payment, dismissing it as an “operational issue.”

The docs seen by the Sunday Times have differing descriptions for the payment, one reportedly calling it a pension fund payment and the other a severance package… odd that you’d get severance if you resigned on your own and man what a pension that is.

Read: EFF welcomes Molefe to parliament with “where is that corrupt bastard” quip

While he worked at Eskom Molefe earned a whopping R8 million a year, not to mention his tenure as Transnet CEO. His current salary, at just r1.1 million a year might not compare to the cushy parastatal positions, but r30 million goes a long way.

Read the full report in the Sunday Times here.