Brian Molefe

Molefe was appointed as the CEO of Transnet in February 2011,[1] and as the CEO of Eskom in April 2015.[2]

In November 2016 he dramatically resigned from Eskom after being implicated in Public Protector Thuli Madonsela's state capture report, and due to his close links to the controversial Gupta Family.[3][4]

Molefe received a controversial R30-million payment from the Eskom Pension Fund,[5][6]despite only having been at the power utility for 18 months.[7]In January 2018, a High Court ordered Molefe to pay back part of the R30-million.[8][9]

He previously also led the Public Investment Corporation [10]and has held senior positions at the National Treasury.[11]

In January 2017 Molefe was sworn in as a member of Parliament.[12]

He resigned from the legislature in May 2017.[13][14]

In late 2017, Molefe was called up to assist the defence force with auditing queries. The rank of Colonel was controversially given. Moelfe has been an honorary colonel of the part time reserve South African Irish Regiment since 2009.[15][16][17]

Brian Molefe has had several careers[18].

Controversy

Due to numerous irregularities during Molefe’s time at the helm of State Owned Enterprises Eskom and Transnet, as well as his known close relationship with the controversial Gupta Family, Molefe has been implicated in state capture at the Zondo Commission of Inquiry and stands accused of corruption, money-laundering and racketeering.[19][20][21]

He is currently under investigation by The Special Investigating Unit (SIU) and the National Prosecuting Authority (NPA).[22]

Brian Molefe Educational Qualifications
  • University of South Africa (South Africa) – Bachelor of Commerce
  • University of London (United Kingdom) – Postgraduate Diploma – Economics
  • University of South Africa (South Africa)- Masters – Business Leadership
  • Harvard Business School (Boston, United States of America – Completed 2006) – Advanced Management Program

Awards
  • Institutional Investor for the year (2008) – Awarded by Africa Investor Investments Awards
  • Empowerment Leadership Award (2007) – Awarded by Wits Business School/Barloworld Empowerment Awards
  • Newsmaker of the year (2006) – Awarded by Association of Black Securities and Investment Professionals
  • Investment specialist of the year (2004) – Awarded by Black Business Quarterly
  • Financial services achiever of the year (2003) – Awarded by the Association of Black Securities and Investment Professionals
Preceded by
 Chief Executive Officer of Public Investment Corporation
2003-2010		 Succeeded by
Masilela. E.
Preceded by
Ramos, M.		 Chief Executive Officer of Transnet
2011-2016		 Succeeded by
Gama, S.
Preceded by
Matona, T		 Chief Executive Officer of Eskom
2015-2016		 Succeeded by
Hadebe, P.

References
  1. "Brian Molefe new Transnet CEO". sanews.gov.za. Retrieved 2020-04-28.
  2. "Why Molefe was chosen to lead Eskom". Retrieved 2017-11-28.
  3. "Brian Molefe resigns from Eskom over Gupta link‚ denies wrongdoing". Retrieved 2017-11-28.
  4. "End of the road for Brian Molefe in pension saga". businesslive.co.za. Retrieved 2020-04-28.
  5. "SCORPIO: The pension like no other – the truth of Brian Molefe's R30m Eskom 'golden handshake' exposed | Daily Maverick". www.dailymaverick.co.za. Retrieved 2017-11-28.
  6. "Brian Molefe: 'I was a permanent employee'". Retrieved 2017-11-28.
  7. "Brian Molefe, third time unlucky, over Eskom pension payout appeal". fin24.com. Retrieved 2020-04-28.
  8. "End of the road for Brian Molefe in pension saga". businesslive.co.za. Retrieved 2020-04-28.
  9. "Brian Molefe payout now a criminal case". timeslive.co.za. Retrieved 2020-04-28.
  10. Reporter, Staff. "Molefe appointed new Transnet CEO". The M&G Online. Retrieved 2017-11-28.
  11. "The Rise And Fall And Rise Again Of Brian Molefe". Huffington Post South Africa. 2017-02-20. Retrieved 2017-11-28.
  12. Koyana, Xolani. "No warm welcome for Brian Molefe in Parliament". Retrieved 2017-11-28.
  13. "Parly confirms Brian Molefe's resignation as MP | IOL News". Retrieved 2017-11-28.
  14. ANA. "Brian Molefe quits as MP". The Citizen. Retrieved 2017-11-28.
  15. "Brian Molefe joins the army". news24.com. Retrieved 2020-04-28.
  16. "Molefe's military career on hold". news24.com. Retrieved 2020-04-28.
  17. "SANDU OPENS CRIMINAL CASE OVER MOLEFE'S SANDF APPOINTMENT". ewn.co.za. Retrieved 2020-04-28.
  18. https://briefly.co.za/28333-brian-molefe-biography-qualifications-age-salary-awards-education-family-net-worth.html
  19. "Here's why Brian Molefe could begin the new year behind bars". Retrieved 2020-04-28.
  20. "Brian Molefe on Eskom and Transnet investigations: "This whole thing is unfair"". thesouthafrican.com. Retrieved 2020-04-28.
  21. "Brian Molefe played big role in Transnet's capture, Zondo commission hears". iol.co.za. Retrieved 2020-04-28.
  22. "Molefe among Eskom, Transnet executives facing arrest in January". citizen.co.za. Retrieved 2020-04-28.
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