JOHANNESBURG - Minister of public enterprises Pravin Gordhan on Tuesday announced the chief executive of the South African Institute of Chartered Accountants , Freeman Nomvalo as Eskom's chief restructuring officer.
"He will lead the efforts to establish the CRO office and build its capability that must include the following expertise: corporate finance, debt management, balance sheet optimisation. Gordhan said some of Nomvalo's tasks would be to interrogate Eskom's debt and various proposals to resolve its burden, as well as engage investors with the Eskom executive.
Mboweni last week granted Eskom a R59 billion bailout for the next two years when he tabled his special appropriations bill in Parliament.
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