South Africa: Eskom CFO accused again

Eskom’s chief financial officer (CFO), Anoj Singh, is the latest senior official to be the subject of media allegations about his relationship with the Gupta family. The allegations, reported by The Times newspaper on 24 July, will surprise few in the industry. They came as another blow in a week in which Eskom reported a dramatic fall in after-tax profits to R888m ($6.77m), from R5bn in 2016, and denied media reports that it was facing a cash crisis that had left it with only enough funds for the next three months.