Eskom has named Monde Bala CEO of the National Transmission Company SA (NTCSA) effective October 1, after holding the role in an interim capacity since July.
Bala, a seasoned executive with extensive experience in the power sector, served as group executive for Eskom Distribution since 2019, following a distinguished 27-year career at the utility in various leadership roles.
He holds a BSc in electrical engineering from the University of Cape Town and a master of engineering from Wits University.
The NTCSA was recently established from the power utility’s unbundling process.
Eskom also announced that the minister of electricity and energy had extended the term of the board from the end of September to the end of November 2025, as it “continues to fulfil a key role in improving performance as well as steering Eskom towards stability and growth as demonstrated over the term of their tenure”.
The board was originally appointed in October 2022 for a tenure of three years.
The utility also said that after 23 years at Eskom, Calib Cassim would be retiring from his role as CFO and would exit the organisation in October 2026.
Cassim was appointed Eskom’s CFO in November 2018. In February 2023, he was appointed as Eskom’s acting group CEO, a role he successfully fulfilled until January 2024 when the present CEO, Dan Marokane, was appointed.
The period before his scheduled departure would afford Eskom an opportunity to appoint his replacement and facilitate a smooth handover and transition, the group said.
He will be stepping down as an executive director once an appointment is made.
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