Eskom's controversial CFO resigns before court appearance

On Monday 22 January 2018 Eskom, an energy supplier in South Africa, announced that its Chief Financial Officer (CFO) - Anoj Singh - has resigned.

Singh has been embroiled in controversy since being suspended by Eskom in September 2017, after initially being placed on special leave at the end of July of the same year. The suspension was linked to Singh's alleged involvement in aiding Gupta-linked businesses in unfairly winning contracts while receiving gifts and trips in return.

The power utility, in a statement, announced the resignation and revealed that the newly appointed board accepted the resignation on Monday evening.

“Eskom has today received, through Mr Anoj Singh’s attorneys, a formal letter of resignation by Mr Singh from his position as the Chief Financial Officer, in line with the terms of his employment contract. The board of Eskom, through the Chairman, has accepted the resignation and communicated the acceptance through Mr Singh’s attorneys. Mr Singh’s resignation is with immediate effect,” the statement read.

The resignation comes at a delicate time for the power utility as Singh is due to testify in the Eskom inquiry on 23 January 2018 after it was adjourned in December 2017.

Singh has made the headlines in South Africa since his participation in Parliament’s Portfolio Committee on Public Enterprises, which is investigating mismanagement of state funds at the power utility, Singh failed to submit his documents on time, and was criticised by the committee’s chair, Daphne Rantho, for undermining Parliament.

Eskom was quick to state that Singh will still have to answer to Parliament.

Edited by Dean Workman
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