Barely two days after his appointment, Eskom’s new chairman, Jabu Mabuza, has taken a firm hold of the reins and begun tackling the crisis that threatens to sink the utility. He met the entire Eskom executive team on Monday, shortly after his flight from Europe landed and is hoping to organise the first meeting of the new Eskom board before the end of the week. Just hours later on Monday night, the utility said: "Eskom has today received through Mr Anoj Singh’s attorneys a formal letter of resignation by Mr Singh from his position as chief financial officer, in line with the terms of his employment contract." The Eskom board, through its chairman, "has accepted the resignation", which "is with immediate effect". Mabuza cancelled his trip to the World Economic Forum at Davos, which he was due to attend along with cabinet ministers and other business leaders, so that he and the board could get down to business. Wiping out corruption at Eskom will be high on the board’s agenda and will...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now