Eskom names Mandla Maleka as new interim group treasurer

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(Gianluigi Guercia, AFP)
(Gianluigi Guercia, AFP)

Eskom announced Mandla Maleka as its new interim group treasurer in a statement that the state—owned power utility released on Sunday.

Maleka's appointment comes after Andre Pillay left the company at the end of his tenure on Friday.

The Eskom statement said Maleka joined Eskom 20 years ago from the National Treasury's Budget Office.

"He is currently the company’s chief economist and head of portfolio management and foreign exchange trading, largely responsible for the hedging of all Eskom's forex derivatives and commodities," the Eskom statement said.

Eskom CFO Calib Cassim said in the statement that he was confident that Maleka would successfully hold the fort until a permanent group treasurer is appointed.

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