Treasurer of South Africa's Eskom quits in latest high-profile departure

The group treasurer of South Africa's Eskom, Andre Pillay, will leave the power utility at the end of August, it said on Monday, the latest high-profile exit after its chief executive quit earlier this year.

Eskom supplies more than 90% of South Africa's electricity, but has implemented severe power cuts this year and is failing to generate sufficient profit.

It is hinging its recovery hopes on a 230 billion rand ($16 billion) bailout pledged by the government in February.

Also Read: Eskom receives payment for electricity services rendered to Zimbabwe