Eskom CFO Anoj Singh resigns


Eskom's suspended CFO Anoj Singh resigned on Monday evening

Suspended Eskom CFO Anoj Singh tendered his resignation last night – one day before he was due to testify in the Eskom inquiry. Eskom’s new board accepted the resignation, which is effective immediately.

When news of Singh’s suspected corruption broke in late October last year, CFO South Africa and the panel of judges for the annual CFO Awards decided to suspend the awards previously won by Singh. Read more.

Eskom said in a statement:

"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."

Singh, together with the power utility’s head of generation‚ Matshela Koko‚ is today presenting evidence before a parliamentary inquiry into alleged corruption. Singh was suspended by Eskom in September 2017, after being placed on special leave at the end of July. This following allegations of his involvement in irregularly awarding contracts to Gupta-linked businesses.

Speaking this afternoon, chair Daphne Rantho said that despite the appointment of a new board at Eskom and Singh’s resignation, the inquiry will proceed. "We will still continue doing our oversight in the entities that are at our disposal or part of our portfolio committee,” she said. "We acknowledge the appointment of the new board. We are going to work with the new board. We acknowledge changes at Eskom such as the resignation of Singh but we will still interact with Mr Singh." Singh is to testify for the work he did at Eskom, which Rantho said is “ exactly the work we want to hear about”.

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