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Eskom has suspended its Chief Financial Officer, Anoj Singh.

Times Live reported that the suspension follows an urgent intervention by Finance Minister Malusi Gigaba and Minister of  Public Enterprises Lynne Brown.

This comes after Eskom faced a threat from the Development Bank of South Africa (DBSA) to recall its R15 billion loan if no action was taken against Singh and other Eskom officials responsible for the beleaguered parastatal’s qualified audit opinion.

This is the full statement : 

The Board of Directors of Eskom has taken a decision to grant Chief Financial Officer, Mr Anoj Singh, special leave pending an investigation.

 

Mr Calib Cassim has been appointed Interim Chief Financial Officer. He is a registered Chartered Accountant, with 15 years of service at Eskom.

 

“We would also like to assure all stakeholders that the company is stable as evidenced by the recent financial results, and will continue delivering on its turnaround strategy,” said Acting Chairman, Zethembe Khoza.


Minister Brown notes the Board’s decision.

BUSINESS REPORT ONLINE