Brian Molefe Biography-Wikipedia / Transnet
Brian Molefe who was born in South African is a former military officer, Politician, and businessman best known for being the CEO of Eskom before his resignation after serving the company after one year and seven months. Molefe was named as the CEO of Eskom in April 2015.
In November 2016 he dramatically resigned from the position after a report found links between him and the Gupta family. Molefe later received a controversial R30-million payment from the company. He had previously led Transnet and the Public Investment Corporation and had held senior positions at the National Treasury. As a politician, he was a member of Parliament for the ruling ANC.
Brian Molefe Education / 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
Brian Molefe Eskom / Career
In April 2015, Brian Molefe received the appointment as CEO of Eskom. He, however, served his position for one year and seven months. In November 2016, he ‘resigned’ from his position. His resignation caused an uproar in the country. In his defense, he insisted that he had retired from being the Eskom boss.
According to a report by one of the media stations, his ‘resignation’ is related to a revelation that former Public Protector Thuli Madonsela had made. According to the State of Capture report by the Public Protector Thuli Madonsela, the latter was linked with the Guptas.
In retaliation, he insisted that he had chosen to take early retirement and that is the reason why he had to let go of the position. In his defense, Molefe said that he had issued a notice claiming that he would voluntarily step down from his position on 1st January 2017. He even went further to express his thoughts on the state of capture and said that Thuli Madonsela did not treat him well.
According to the state of the capture report, he was in close contact with the Gupta family. Molefe, however, defended himself saying that Thuli Madonsela did not give him the chance to explain his relationship with the Gupta family. He termed the situation as a conflict of interest that happened to incline towards him. As he said this, tears rolled down his eyes.
The report alleged that Molefe had visited the Gupta family severally at their home in Saxonwold. These visits coincided with the time that the Gupta family, through their firm, Tegeta Firm, took to acquire Optimum coal mine. What caused the controversy is the pre-payment that Eskom had made to seal the deal. According to the report, Eskom had made a payment of more than R600 million for coal.
Molefe defended himself by saying that Eskom was in dire need of the product. To cleanse his name from the scandal, he stated that he made sure that Madonsela had the documents explain the deal, but Madonsela did not make any point of inquiring for further details. He said, “I do not think that the basis of what she (Thuli Madonsela) says about Eskom and myself is correct.”
Brian Molefe colonel
Brian used to serve in the army as a colonel. According to the spokesperson of the Defence Forces, Siphiwe Dlamini, Molefe was a member of the specialists whose responsibility was to aid in auditing queries. As he served this position, Brian Molefe’s salary was R57000 per month.
Siphiwe Dlamini went further to report to the City Press that Molefe wasn’t experienced enough for the job. The paper went further to say that he was further given the position of an honorary colonel in the South African Irish regiment in 2009. The article termed his appointment as a ceremonial one.
Brian Molefe Age
Brian Molefe was born in Pretoria, South Africa in the year 1966. He turned 54 years old in 2020. However, details about his month and date are not available therefore, it’s not known when he celebrates his birthday. This information will be updated as soon as it’s available.
Brian Molefe Family / Father
Molefe was born to his father SP Molefe. After doing our research, details about his mother are not available and it is also not known if he has any siblings.
Brian Molefe Wife / Wedding
Molefe is married to Arethur Moagi. The couple married in December 2016. Prior to that time, 1993 to be precise he was married to Portia Derby. He is blessed with two children from his previous marriage namely; Itumeleng Molefe and Ipeleng Molefe.
Brian Molefe Children
Brian and his ex-wife Derby have two sons namely; Itumeleng Molefe and Ipeleng Molefe.
Brian Molefe Salary / Salary Eskom / Transnet Salary
According to our reliable sources, Molefe was paid R9.5 million in the prior year, but this was for a full 12 months of work. His 2016/17 salary translates to over R1.1 million a month, compared to the R790,000 he earned in 2015/16.
Brian Molefe Net Worth
Working as CEO of Eskom there is no doubt he earned a good salary and has been able to accumulate good net worth. However, his exact net worth has not yet been revealed but the information will be updated as soon as it is available.
Brian Molefe Awards and Achievements
- 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
Brian Molefe Crying / Shebeen
After reports indicated that Molefe had been in the vicinity of the Gupta family compound regularly, he was the laughingstock of South Africa when he claimed he was at a shebeen in Saxonwold. In 2016, at a conference on Eskom’s financial reports when talk turned to the #StateCaptureReport compiled by former Public Protector Thuli Madonsela he burst into tears on television.
Brian Molefe House
Solidarity said on August 13, 2019, it had a writ of execution, authorising the sheriff to attach Molefe’s Pretoria property to offset costs awarded against him in court.
The organisation said it had requested the sheriff to proceed with executing the attachment of Molefe’s property at his home. “The property will then be sold at public auction for Molefe’s debt of R708,102 to Solidarity to be settled.” This amount, it says, excludes the order as to costs in the Constitutional Court. These costs are yet to be finalised.
Brian Molefe Pension
The former Eskom CEO Brian Molefe was reported on August 7.2019 that he will have to cough up about R11m in pension payments after the Constitutional Court dismissed his application for leave to appeal an order that he repay the money.
It happened as he is also facing an almost R80m lawsuit from Transnet, which is trying to recover money lost through dubious dealings and malfeasance connected to state capture. Molefe has now lost four appeals in court in a bid not pay back the pension payments, which were unlawfully paid to him by Eskom’s pension fund.
Brian Molefe Arrest
On December 23.2019, the embattled former executive of both Eskom and Transnet, was reportedly facing arrest for his involvement in corrupt dealings at state-owned enterprises (SEOs). According to a report by The Sunday Times, Molefe is firmly in the crosshairs of the Special Investigating Unit (SIU) and the National Prosecuting Authority (NPA).
This followed the high-profile arrests of former Eskom executives France Hlakudi and Abram Masango. Both Hlakudi and Masango were tasked with overseeing vital and lucrative contractual agreements at the embattled Kusile Power Plant in Mpumalanga. According to the NPA, both former executives awarded fraudulent government tenders to companies, to the value of R745-million.
Quick Facts About Brian Molefe
Frequently Asked Questions About Brian Molefe
Who is Molefe?
Molefe is a South African former military officer, businessman best known for being the CEO of Eskom before his resignation after serving the company after one year and seven months.
How old is Molefe?
Molefe was born in 1966 in 2020 he turned 54 years old.
How tall is Molefe?
Molefe has not shared his height with the public. His height will be listed once we have it from a credible source.
Is Molefe married?
Molefe is married to Arethur Moagi.
How much is Molefe worth?
Molefe has not yet revealed his net worth. We will update this section when we get and verify information about the wealth and properties under his name.
How much does Molefe make?
According to our reliable sources, Brian was paid R8.9 million – including an R2.1 million bonus – for the eight months, he served as CEO of Eskom in the 2016/17 financial year.
Where does Molefe live?
Because of personal reasons, Molefe has not shared his precise location of residence. We will immediately update this information if we get the location and images of his house.
Is Molefe dead or alive?
Molefe is alive and in good health. There have been no reports of him being sick or having any health-related issues.
Where is Molefe now?
Molefe is a former military officer, Politician, and businessman best known for being the CEO of Eskom before his resignation after serving the company after one year and seven months.
What happened to Molefe?
Molefe resigned as the CEO of Eskam in 2017 after working for a year and seven months.
Brian Molefe Twitter
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