Former Eskom CEO Brian Molefe is back at the State Capture Commission on Tuesday, March 2, 2021, and will be expected to complete his explosive testimony from January.

Molefe’s testimony follows that of former CEO Matshela Koko. The commission is also expected to hear evidence relating to corruption at law enforcement agencies from Terence Joubert and Colonel Welcome Sithembiso Mhlongo.

When Brian Molefe took the stand then, Molefe implicated President Cyril Ramaphosa in corruption at Eskom. However, the commission’s chairperson, Deputy Chief Justice Raymond Zondo, was forced to pump the brakes on Molefe’s explosive testimony when he learnt he had come into contact with someone who tested positive for COVID-19.

Molefe had said there was a conflict of interest on Ramaphosa’s part, as he had been appointed chairperson of government’s Eskom war room while at the same time, being a shareholder at Glencore, which does work with the state-owned entity.

“When the Glencore deal was done in 2012 and he bought shares, he was made chairperson. In 2014 he became deputy president of the country and chairperson of the war room,” he said.

“One would have expected that, as corporate governance requires, there must be a cooling off period. He is a person who has been saying we must renegotiate effectively a R8bn move and becomes the de facto chairperson of Eskom”

Now South Africans are undoubtedly on the edge of their seats, waiting to hear if Molefe will drop more bombshells about Ramaphosa.

The president has since denied Molefe’s claim that he specifically purchased Glencore shares to promote its interests.

“I think there is a level of untruth in saying I got shares because I wanted to advance the interests of Glencore, It’s far from the truth – people will say things to tarnish either people,” Ramaphosa said.

It had been reported that Molefe’s next appearance before the commission, chaired by Deputy Chief Justice Raymond Zondo, would be in relation to another state-owned entity (SOE) – his tenure as CEO at Transnet.

TimesLive had cited Molefe’s lawyer who said: “It appears that they will be focusing on Transnet-related issues. They have said nothing about Eskom-related issues. We will engage the secretariat in this regard after our consultation with senior counsel which will happen soon.”


Presh JM Reporter

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