Transnet CFO Anoj Singh joins CEO at Eskom to tackle South Africa power gap

Transnet CFO Anoj Singh: Singh has been seconded to Eskom for six months

South Africa’s power utility recruited a second top executive from the country’s state-owned rail operator as Eskom Holdings SOC Ltd. struggles to plug a deficit in electricity supply.

Anoj Singh, chief financial officer of Transnet Holdings SOC Ltd., will take up the same position at Eskom for six months starting Aug. 1, the Johannesburg-based utility said Thursday in an e-mailed statement. He will oversee the utility’s 250 billion-rand ($20 billion) funding plan, it said.

Singh’s move comes after Transnet Chief Executive Officer Brian Molefe took charge of Eskom in April. Molefe’s planned three-month secondment has been extended until October, Eskom said on Wednesday.

Read more: Transnet CFO Joins CEO at Eskom to Tackle South Africa Power Gap – Bloomberg Business