On Monday, 15 July 2019: Eskom Group Treasurer, Mr Andre Pillay, has tendered his resignation and will leave at the end of August 2019.
Mr Pillay has been with Eskom since 2011, when he was appointed Senior Manager for Funding Execution in the Eskom Treasury department. He was subsequently promoted to General Manager (Group Treasurer) in September 2016.
Pillay earlier this year laid bare the pressure that had been brought to bear on him and his colleagues during the height of the alleged capture of the utility by Gupta-linked companies.
In March he told the state capture commission that former Eskom chief financial officer Anoj Singh brought in consultancy firms McKinsey and Trillian Capital to draft the power utility’s corporate plan, even though that responsibility fell under the Treasury.
A Treasury report into Eskom released late in 2018 found that the power utility entered into illegal agreements with McKinsey and Gupta-linked Trillian Capital, paying the companies more than R1billion without a contract approved by the Treasury.
“We are cognisant of how critical the Group Treasurer role is for Eskom and have requested that Andre remain in the position for the next two months to ensure a seamless transition and business continuity through the handover process. Andre’s replacement will be announced in due course. We believe that Treasury operations will continue with ease with the support of the current Treasury leadership”, said Calib Cassim, Eskom’s Chief Financial Officer.
Pillay’s departure comes just under two months after the shock resignation of Eskom’s chief executive Phakamani Hadebe in May, which laid bare the toxic nature of what is arguably one of the toughest job in South Africa
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