South Africa’s Eskom Recovers $1.7 Million From Ex-CEO’s Pension
South Africa’s state-owned power utility Eskom Holdings SOC Ltd. has recovered 30 million rand ($1.7 million) that it paid six years ago to boost the pension of former Chief Executive Officer Brian Molefe. The nation’s High Court in July reaffirmed a 2018 ruling that the payout to increase Molefe’s early-retirement benefit was unlawful, Eskom said in a statement on Twitter on Wednesday. Read also Ghana. Pensions industry loses US$800 million in 2 years to weakening cedi While the amount is unlikely to...