Brian Molefe is set to come under some intense scrutiny this afternoon, when he addresses a Parliamentary portfolio committee over his role in state capture.
The former Eskom CEO spent just 18 months in the top job, but that was long enough for him to get embroiled in both state capture and a ludicrous pension pay out fiasco.
His work with the Guptas has raised eyebrows ever sense Thuli Madonsela released her state of capture report last year. In those documents, Molefe and Eskom are implicated several times for work they carried out with the Indian billionaires.
The allegations that have caused the most uproar relate to how he helped broker a contract between a Gupta-owned mining company and Eskom. The deal itself flouts the law, and including kickbacks to secure the contract and the waivering of fines that the Gupta brothers were ordered to pay previously.
When Brian Molefe takes the stand, he will also be asked to explain an erroneous pension payment. Despite his short-term stay and fixed contract – which ruled him out of a pension scheme – Molefe still left the company with a R30 million bonus.
Despite achieving very little in his time at the energy firm, he walked away with a bumper golden handshake. The portfolio committee will be grilling him over its legitimacy, as well as leading a Gupta-themed line of questioning against him.
On top of that, Eskom reported R3 billion of ‘irregular expenditure’ last year. The company is floundering, but it throws money away like there’s no tomorrow. Being a State-Owned Enterprise, their failings hurt South Africa directly, draining resources from the pot. They have some tough questions to answer with this.
Molefe is expected to give his testimony after Venete Klein.