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LIVE | Former Eskom CEO Brian Molefe appears before Zondo inquiry

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22m ago

Molefe: After my arrival, the team at Eskom managed to halt loadshedding.

"There was no loadshedding at Eskom for three years. Loadshedding came back after Cyril Ramaphosa was elected president after the R1 billion conference," he say referring to the ANC elective conference in Nasrec in December 2017.

35m ago

Molefe: I was uncomfortable with the war room and stopped attending its meetings.

He also says he was "relieved" when former president Jacob Zuma closed it and gave Eskom a chance to save the company.

"The less said Pravin Gordhan the better," he says referring to his leadership role in stemming Eskom woes.


39m ago

"When I arrived at Eskom there was a de facto board in the form of a war room that was run from the office of the deputy president.

There was a "de facto board that was outside of the company" and the management of Eskom was preoccupied with compiling status report for the war room. He says the war room was chaired by Ramaphosa making him the "de facto chairperson of the board".

"I quickly realised that the war room was not about fighting Eskom and turning Eskom around". 

47m ago

Molefe points out that Glencore, the previous owners Optimum failed to conduct due diligence when buying the company. He states that the company sold shares to Cyril Ramaphosa and also made him chairman. He describes this move as Glencore's best bet. He goes on to say the profitability of Optimum was dependent on the "peddling of political influence"

53m ago

Molefe is now making his opening statement, starting with some aspects of the Optimum coal contract with Eskom. 

1h ago

Molefe’s legal representative, Advocate Thabani Masuku, raises a concern that he only received the documents relating to his evidence on Tuesday night, and that did not allow him enough time to prepare himself. He argues that might prejudice his evidence. Zondo responds saying; the commission won’t have any difficulty in arranging that he deals with certain matters at a later stage, if he feels that he is not prepared to provide answers.

1h ago

Molefe takes the prescribed oath and swears to tell the truth.  Evidence leader Pule Seleka begins by stating that Molefe’s name has been mentioned in a lot of matters from Eskom, Transnet to Parliament but his evidence today will only focus on his work at Eskom.  Deputy Chief Justice Raymond Zondo confirms that  he will be called back to give evidence relating to Transnet. 

1h ago

Molefe joined Eskom as CEO in 2015 after four of the power utility's top executives - including its CEO and CFO, were abruptly suspended, ostensibly to allow an hastily-arranged inquiry into the company to take place without their interference.

No allegations of wrongdoing had been levelled against the four at the time, and all were cleared of wrongdoing. Only one, Matshela Koko, returned to Eskom. 

The utility's ex-chairperson, Zola Tsotsi, told the inquiry in September that he believed the Gupta family orchestrated the ouster of the four senior officials to make way for their acolytes to enter Eskom's senior leadership. 

Abrupt suspension of Eskom's financial director in 2015 rattled investors, says ex-chair

1h ago

The inquiry has already heard testimony about Molefe in his role as the CEO on Transnet between 2011 and 2015.

This included evidence by his former driver that he allegedly received bags of cash from the Gupta family during his many visits to their home in Saxonwold.

Molefe at the time accused the witness of lying. 

"I hope the Zondo commission will give me a proper right to reply. I have asked to come to the commission, and they have said to me that they will let me know when I will be scheduled, in the meantime I continue to be slandered and called names," he said in August. 

Brian Molefe: Nothing wrong with my visits to Gupta home
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