Treasurer of South Africa’s Eskom quits, what you need to know

PUBLISHED: Mon, 15 Jul 2019 16:53:42 GMT
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JOHANNESBURG (Reuters) – The group treasurer of South Africa’s Eskom, Andre Pillay, will leave the power utility at the end of August, it said on Monday, the latest high-profile exit after its chief executive quit earlier this year.

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Eskom supplies more than 90% of South Africa’s electricity, but has implemented severe power cuts this year and is failing to generate sufficient profit.

It is hinging its recovery hopes on a 230 billion rand ($16 billion) bailout pledged by government in February.

Reporting by Mfuneko Toyana; Editing by Jan Harvey