ESKOM HOLDINGS SOC LIMITED - UPDATE ON THE GROUP CHIEF FINANCIAL OFFICERS TENURE

What this filing means

Eskom has fixed the exit date: Mr Calib Cassim's tenure as Group Chief Financial Officer and Executive Director ends effective 31 October 2026, confirming the retirement the utility flagged on SENS on 1 October 2025. To keep the transition orderly, he stays on in an acting GCFO capacity until a successor's appointment takes effect. The filing gives no date for that appointment, so the practical question — who will serve as Eskom's next Group Chief Financial Officer — is still open.

Eskom's finance chief is leaving at the end of October 2026, which the utility had already told bondholders about a year earlier. He will keep doing the job in an acting capacity until a replacement is in place, so the finance function is not left empty. For a bondholder, the thing that matters is who eventually takes the role and how quickly — this notice sets the exit date but not the arrival date.