EPPF confirms payment to Eskom in the Brian Molefe pension matter

Shafeeq Abrahams, Chief Executive and Principal Officer at the EPPF

Johannesburg, 7 September 2022 – The Eskom Pension and Provident Fund (EPPF) confirms 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.

The Court ordered both the EPPF and Mr Molefe to repay the money received by them 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. “It is important to understand that the repayment was done in the best interest of our members to ensure compliance with the law,” explains Chief Executive and Principal Officer Shafeeq Abrahams, adding “The Fund remains in a healthy position.”

ENDS