South Africa: Eskom CFO Calib Cassim - 'If We Go Down, We Bring Down the Sovereign and the Economy'

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Considering its importance to the South African economy, many people are deeply concerned about Eskom's financial status as a going concern. EE Publishers put Eskom's new CFO, Calib Cassim, in the hotspot.

Calib Cassim CA(SA) was appointed Eskom CFO in November 2018 after serving as acting CFO from July 2017, after the resignation in disgrace of former Eskom CFO Anoj Singh. Cassim also serves as a director of Eskom Enterprises, Escap and Eskom Finance Company.

Congratulations on your recent appointment. I guess this has been something of a baptism of fire. Are you relishing the prospect of turning Eskom around financially, or has this new position been something of a poisoned chalice?

Thank you. I am definitely looking forward to the challenge of contributing to Eskom, and more importantly to the country as a whole. I do acknowledge that it was never going to be easy, but I think that having the support of the board, the shareholder and government will help navigate the waters.

Philosophically, are you from the school of thought that sees the developmental needs of South Africa best served by Eskom as a vertically integrated, state-owned monopoly, or do you believe Eskom needs to...

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