Former Eskom CEO Brian Molefe during a meeting with parliament’s standing committee on public accounts on May 30 2017 in Cape Town during his tenure as the power utility's boss.During his last two years as group CEO at Eskom, Brian Molefe took home more than R9m a year as a top-earning parastatal boss.
After his controversial move from Transnet to Eskom, Molefe’s earnings skyrocketed to R18.2m in the financial years 2015/6 and 2016/17. On Monday, Molefe, 55, during his first court appearance, appeared irritated and did not make much eye contact with the people packed into the courtroom. Mpho said while reading Molefe’s statement into the court record that his client earned a monthly pension of R52,000 and R12,000 from MKB Logistics where he is a director.
He also cited a number of matters in court for which he was paying legal costs, including a July R5m cost order, which he was appealing.Brian Molefe and Anoj Singh appear in the special commercial crimes court at the Palm Ridge magistrate's court in Ekurhuleni on Monday.Molefe told the court that he owned three vehicles, an Audi A4, a Nissan Navara bakkie and a Ford Bantam. He also owns two motorbikes — a Harley-Davidson and a BMW.
So what dit he do with the R millions...? No savings, investments...?
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Once high-flying Brian Molefe pleads poverty at bail hearingWhile boss of Eskom he got R18.2m in two years but now, surviving on about R64,000 a month, his earnings are ‘not economically glamorous’. u enjoy when black man down .. best CEO ever Yo, the queens language 🙈 Tsek!
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