S.Africa’s Esor appoints new CFO - CNBC Africa

S.Africa’s Esor appoints new CFO

Southern Africa

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Esor is a South African civil engineering and construction group.

“He has served in various positions within the group including financial director of operating subsidiary Esor Africa Limited and later as group financial manager,” Esor said.

“Prior to joining Esor, he was a partner in the Durban office of the auditing firm RSM Betty & Dickson.”

The South African civil engineering and construction group also announced the appointment of Keneilwe Moloko as an independent non-executive director of the company.

“Keneilwe started her career as a quantity surveyor and later went on to qualify as a chartered accountant. She has held positions at Redefine Properties and Coronation Fund Managers,” said [DATA ESR:Esor].

Moloko currently serves on the boards of several organisations, including KWV Holdings Limited, Cape Pension Fund Audit Committee, Ikamva Labantu Empowerment Trust and Prescient Holdings Limited.

The appointments of both Atkinson and Moloko will be effective on 6 October 2014.

The group recently recorded a headline loss per share of 11.3 cents for the year ending 28 February 2014 compared to 20.5 cents for the same period in 2013.

(READ MORE: Esor reports full-year headline loss per share)

“Esor focussed on consolidating operations in the civils business and progressing the developments division,” it said at the time.

“The business experienced significant disruption from labour unrest both internally and from strikes in adjacent areas that impacted on certain sites.”

Esor also expressed optimism about the future noting that it had secured an order book for civils of 1.2 billion rand, weighted in the power sector, which included Kusile for another three years.

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