Eskom treasurer resigns

File: Eskom building in Johannesburg.

File: Eskom building in Johannesburg.

eNCA

JOHANNESBURG - The group treasurer of Eskom, Andre Pillay, will leave the power utility at the end of August, Eskom said on Monday

This is the latest high-profile exit within the embattled power-utility after its chief executive Phakamani Hadebe quit earlier this year.

READ: Ramaphosa insists Eskom won't be allowed to fail

Eskom supplies more than 90% of South Africa's electricity, but has implemented severe power cuts this year and is failing to generate sufficient profit.

It is hinging its recovery hopes on a R230-billion ($16-billion) bailout pledged by the government in February.

Source
Reuters