As promised, here is an additional update on the Brian Molefe pension matter. The EPPF can confirm that it has repaid the R30 million that was unlawfully paid to it by Eskom in relation to Mr Brian Molefe’s pension matter. This is in line with the Pretoria High Court judgment of 4 July 2022.
You’ll remember the Court ordered both the EPPF and Mr Molefe to repay the money received in respect of the matter. Mr Molefe has sought leave to appeal the decision and has not yet made repayment of nearly R10 million. The appeal process effectively means that the Fund must await the court’s final decision before it can seek to recover the money. The Fund is opposing Mr Molefe’s application to ensure that he adheres to the July court order.
The repayment of the R30 million to Eskom has not been in dispute so the Fund complied with the judgment.
Chief Executive and Principal Officer Shafeeq Abrahams says the repayment was done in the best interest of our members to ensure compliance with the law. He has added that the Fund remains in a healthy position.
Eskom Pension and Provident Fund