Eskom CFO Calib Cassim Retires After 24 Years
The long-serving financial chief has officially stepped down from his role at the South African utility.
Updated on Oct. 31, 2026 in Corporate Finance
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Eskom CFO Calib Cassim has officially retired after a distinguished 24-year tenure at the state-owned power utility. He will continue to serve in an acting capacity until a permanent successor is appointed.
Why it matters
Cassim provided critical leadership during his time at the utility, including managing complex electricity tariff applications and briefly serving as the organisation's acting CEO in 2023.
Calib Cassim dedicated 24 years to the utility, having first joined the organisation in 2002. He served as the CFO since 2017 and held the position of acting CEO in 2023.
The players
Calib Cassim
He is a qualified chartered accountant who served as the CFO of Eskom for nine years.
Eskom
This is the primary state-owned electricity utility responsible for power generation and distribution across South Africa.
National Energy Regulator of South Africa
This body acts as the regulatory authority governing electricity pricing and utility licensing within the country.
The details
A qualified chartered accountant, Cassim previously managed financial planning and regulation, and served as the lead strategist for tariff applications to the National Energy Regulator of South Africa. The utility confirmed that an update regarding his permanent successor will be provided in due course.
Timeline
Calib Cassim began his career at Eskom in 2002.
He was appointed as the utility's CFO in 2017.
Cassim served as the company's acting CEO in 2023.
Eskom announced his upcoming retirement in August 2026.
Calib Cassim officially retired on 31 October 2026.
Market Landscape
The transition in financial leadership comes at a pivotal time as the utility continues to navigate the complex regulatory environment established by the Electricity Regulation Act. This move shifts internal oversight at a moment when the sector is facing significant structural reform and operational challenges.
The leadership change at the utility does not immediately alter electricity tariffs or service delivery for the average consumer. Customers should wait for official utility announcements regarding potential impacts on long-term tariff structures.
The takeaway
Leadership transitions at major state-owned utilities often signal shifts in financial strategy and operational direction. Stakeholders should monitor upcoming corporate announcements for clarity on the utility's future budgetary and regulatory path.
What happens next
Eskom is expected to provide a formal update regarding the appointment of a new Group CFO to replace Calib Cassim.
Further reading
For more information on executive changes in the region, visit Corporate Finance.
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