Publications
Partners
Cape Town - Eskom has appointed Andre Pillay, who has been a senior manager at Eskom, as its Treasurer.
The appointment is with effect from 1 September 2016.
Pillay, who has over fifteen years’ experience in the Fixed Income Market, has been responsible for negotiating funding with Export Credit Agencies (ECAs) and Development Funding Institutions (DFIs); the registration and execution of the current Global Medium Term Note (GMTN) and Domestic Medium Term Note (DMTN) and engaging with investors and credit rating agencies.
Eskom’s chief financial officer Anoj Singh said the power utility was pleased with Pillay's appointment.
"He has the requisite experience and knowledge of Eskom and the markets to perform his new role with distinction and enable Eskom to successfully execute its funding programme of R327bn.”
Pillay's career has given him exposure to the Money and Capital Markets. He has trading experience in the bond and interest rate derivative markets. In the private sector he was a bond portfolio manager and also responsible for asset liability matching.
He spent five years at the National Treasury as chief director responsible for liability management. In 2009 he joined the South African Reserve Bank as head of reserves management.
In 2011, he moved to Eskom Treasury where he was senior manager of funding execution until his recent appointment as Treasurer.
As at the end of August 2016, Eskom had available liquidity of approximately R38bn and had secured more than 57% of its borrowing requirement of R69bn for the financial year 2016/17.
Read Fin24's top stories trending on Twitter:
