Media statement by the Ministry of Public Enterprises
30 July 2019
With respect to the announcement this afternoon at the Eskom annual results presentation by Mr Pravin Gordhan, the Minister of Public Enterprises on the appointment of a Chief Restructuring Officer (CRO) for Eskom, the Ministry of Public Enterprises wishes to provide clarity on the following:
- The board of South African Institute for Chartered Accountants (SAICA) agreed to a request from the Ministers of Finance and Public Enterprises to assist government with the establishment of an office for a CRO at Eskom;
- Mr Freeman Nomvalo, the SAICA CEO, has been designated by the SAICA board to lead a team of specialists for this purpose;
- He will remain the CEO of SAICA;