Eskom confirms that Calib Cassim will retire as Group Chief Financial Officer (GCFO) today, 31 October 2026, as announced on SENS on 1 October 2025, concluding 24 years of service to Eskom. To ensure a smooth transition, Mr Cassim will continue to serve in an acting GCFO capacity until the appointment of his successor becomes effective.
Mr Cassim played a key role in strengthening Eskom’s financial position and advancing the organisation’s long-term sustainability. Eskom’s return to profitability as he concludes his tenure is a fitting milestone and reflects his significant contribution to the company over more than two decades.
The Eskom Board and Executive Management thank Mr Cassim for his dedicated service and valuable contribution to Eskom and wish him well as he enters retirement, while continuing to support Eskom in an acting capacity until a new appointment is made.
Eskom will provide updates on the appointment of a new Group Chief Financial Officer in due course.
About Eskom and Electricity – Coal Dominance: About 77% of Eskom’s electricity comes from coal.

Cirrusflash
Credit: South Africa is ranked 2nd out of 183 countries for good practice in protecting both borrowers and lenders when obtaining credit for business, according to the World Bank Doing Business Report. This is essential when applying for loans for your start-up.