Brian Molefe to return as chief executive of South Africa’s Eskom
Fri May 12, 2017 6:55am GMT
An Eskom logo is seen at the entrance of their head offices in Sunninghill, Sandton, February 24, 2016. REUTERS/Siphiwe Sibeko
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JOHANNESBURG (Reuters) – South Africa’s state power utility Eskom said on Friday Brian Molefe would return as its chief executive on Monday after the board revoked its decision to grant him early retirement.
The public enterprises minister blocked Eskom in April from giving Molefe a 30 million rand ($2.25 million) pension payout and instructed the board to look at other options.
Molefe, who is largely credited with stabilising electricity supplies following months of rolling blackouts, resigned last year after he was implicated in a report by an anti-graft agency on alleged influence-peddling.
($1 = 13.3622 rand)
(Reporting by Nqobile Dludla, editing by Larry King)