Eskom CFO Cassim retires after steering utility back into the black
Eskom has assured South Africans that the lights will stay on during the upcoming local government elections.
Eskom's CFO Calib Cassim is retiring after leading the power utility back into profitability. Cassim has served Eskom for 24 years and played a crucial part in the financial turnaround. In September 2026, Eskom reported its second consecutive profitable year, marking a significant shift from crisis management to long-term sustainability.
This success is attributed to improved operations, cost control, and energy security. As part of the transition, Cassim will remain as acting CFO until his replacement is confirmed. Eskom praised his contributions and wished him well in retirement, requesting updates on the new CFO appointment in due course. Meanwhile, Eskom has promised uninterrupted power supply during the upcoming local government elections, with 532 days of uninterrupted service and the highest Energy Availability Factor in six years.
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