Eskom’s Anoj Singh sent on spe­cial leave

The Star Early Edition - - BUSINESS -

STATE-OWNED power util­ity Eskom’s board of di­rec­tors took a de­ci­sion yes­ter­day to grant its chief fi­nan­cial of­fi­cer, Anoj Singh, “spe­cial leave pend­ing an in­ves­ti­ga­tion”. This comes af­ter Eskom re­port­edly faced a threat from the De­vel­op­ment Bank of South­ern Africa 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. The power util­ity ap­pointed Calib Cas­sim, a reg­is­tered char­tered ac­coun­tant, with 15 years of ser­vice at Eskom, as the in­terim chief fi­nan­cial of­fi­cer. “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 the util­ity’s act­ing chair­per­son, Zethembe Khoza. Singh has been im­pli­cated in Gupta leaked e-mails, signed a R1.6bn guar­an­tee with Absa in De­cem­ber 2015 for the Tegeta Re­sources to pay for the Op­ti­mum Mine. Singh said: “The guar­an­tee was is­sued and sub­se­quently can­celled af­ter it ex­pired.” Eskom said Pub­lic En­ter­prise Min­is­ter Lynne Brown had noted the board’s de­ci­sion. – Sizwe Dlamini

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.