'Freeman Nomvalo is an ANC insider, that is how Mboweni and Gordhan know him'

Minister of Public Enterprises Pravin Gordhan announced the appointment of the South African Institute of Chartered Accountants CEO Freeman Nomvalo as Eskom's chief restructuring officer on Tuesday.

Gordhan also appointed Eskom board chairperson Jabu Mabuza as the power utility’s interim CEO for the next three months after Phakamani Hadebe quit.

John Maytham speaks to The Daily Maverick associate editor Sikonathi Mantshantsha about the appointments.

Freeman Nomvalo comes from the old tradition of the National Treasury in the new South Africa. He was among the young people who were sent to the Goldman School by the ANC.

Sikonathi Mantshantsha, Associate editor at Scorpio - The Daily Maverick Investigative Unit 

RELATED: Jabu Mabuza appointed Eskom acting CEO

He started his life as an accountant for the ANC. He is an ANC insider and that is how Tito Mboweni and Pravin Gordhan met him back then in the 90s.

Sikonathi Mantshantsha, Associate editor at Scorpio - The Daily Maverick Investigative Unit 

Mboweni and Gordhan agreed on a man they can both trust, a man they know so well from their Treasury days.

Sikonathi Mantshantsha, Associate editor at Scorpio - The Daily Maverick Investigative Unit 

Listen to the full interview below...


This article first appeared on CapeTalk : 'Freeman Nomvalo is an ANC insider, that is how Mboweni and Gordhan know him'


Recommended

by NEWSROOM AI
Read More
Were missing SA men victims of Vietnamese organ harvesting syndicate?

Were missing SA men victims of Vietnamese organ harvesting syndicate?

Gift of the Givers fears two South African men who went missing in Vietnam may have fallen prey to an organ harvesting syndicate.

Mulan actress wades into Hong Kong-protests row

Mulan actress wades into Hong Kong-protests row

Liu Yifei is being condemned for the social media post in which she expressed her support for the Hong Kong police.

New website offers support to domestic abuse survivors

New website offers support to domestic abuse survivors

The Warrior Project provides victims of domestic abuse and gender-based violence with access to information and resources.

Eskom records largest loss ever (R20.7 billion!) for a state-owned company

Eskom records largest loss ever (R20.7 billion!) for a state-owned company

Its loss of R20.7bn far exceeds the R14.6bn PetroSA lost in 2015. Bruce Whitfield interviews Eskom’s acting Chair, Jabu Mabuza.

'Mkhwebane's Eskom IPP probe is a spurious act designed to slow things down'

'Mkhwebane's Eskom IPP probe is a spurious act designed to slow things down'

EE Publishers MD and editor Chris Yelland analyses the Public Protector's investigation into the power utility.

Jabu Mabuza appointed Eskom acting CEO

Jabu Mabuza appointed Eskom acting CEO

Spokesperson Adrian Lackay says it's an interim measure for three months necessitated by the departure of Phakamani Hadebe.

Popular articles
Feeling tired of life and burnt-out? You may want to check this out

Feeling tired of life and burnt-out? You may want to check this out

Bruce Whitfield interviews Judy Klipin, author of “Recover from Burnout: Life Lessons to Regain your Passion and Purpose”.

'I get anxious when people talk to me about money'

'I get anxious when people talk to me about money'

Bruce Whitfield interviews comedian Anne Hirsch about her attitude to money (hopes and fears, successes and failures, etc.).

Benguela Global Fund Managers is buying Naspers, Standard Bank and Pick n Pay

Benguela Global Fund Managers is buying Naspers, Standard Bank and Pick n Pay

Zwelakhe Mnguni (CIO at Benguela Global Fund Managers) shares his stock picks of the week: Naspers, Standard Bank and Pick n Pay.

'Debt relief law may cause banks to stop lending to lower-income clients'

'Debt relief law may cause banks to stop lending to lower-income clients'

The Money Show’s Bruce Whitfield interviews Cas Coovadia, Managing Director at the Banking Association of South Africa.

[WATCH] Father and daughter dance-off changes tune when she starts twerking

[WATCH] Father and daughter dance-off changes tune when she starts twerking

Khabazela shares tweets and Facebook posts that have gone viral.

Gauteng Liquor Act prohibits passengers drinking in vehicles, says MMC Sun

Gauteng Liquor Act prohibits passengers drinking in vehicles, says MMC Sun

When you do take a taxi, drink at your destination and not in the cars, says City of Johannesburg MMC for Safety Micheal Sun.

How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.