Transnet’s CFO to tackle Eskom’s financial woes

July 16th, 2015, Published in Articles: EE Publishers, Articles: Energize

 

AnojSinghTransnet

Anoj Singh

Transnet and Eskom have agreed to second Anoj Singh, Transnet’s group chief financial officer (CFO), as acting CFO to Eskom for a period of six months effective from 1 August 2015. Singh will be responsible for driving all aspects of the company’s finance strategy, including the R250-billion funding plan.

At Eskom, he will be primarily tasked with transforming the company’s finance function, aligning it with key strategic priorities of generation, funding and build programme, while enhancing the approach to tariff applications.

Singh, a chartered accountant, has been in the role of group CFO at Transnet for the past six years. He led Transnet’s treasury operations which saw the company raising billions of rand in both domestic and international markets. Under his leadership, Transnet has accessed funding from investors in Canada, United States, Germany and China, amongst others. Throughout his leadership, Transnet maintained an above investment grade rating while raising funds on the strength of its balance sheet.

During his tenure as CFO, Transnet launched its rolling seven-year infrastructure investment programme which currently stands at R336-billion. This includes the historic acquisition of the 1064 locomotives – one of South Africa’s single biggest capital investment transactions. He co-led Transnet’s negotiating team with the original equipment manufacturers (OEMs) and has already raised more than 90% of the required funding for the R50-billion contract.

Singh has extensive experience in financial strategy development and execution, capital projects assurance, treasury, corporate finance, investor relations, tax and funding for regulated businesses. He has won several accolades in recognition of his outstanding performance and leadership. These include: Public CFO of the year Award for two consecutive years in 2014 and 2015 respectively, Strategy Execution Award and Compliance and Governance Award, among others. Before joining Transnet, he worked as an accountant at a listed company and as an auditor.

Contact Nto Rikhotso, Eskom, Tel 011 800-4706, mediadesk@eskom.co.za

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