Fin24 reports that Business Unity SA’s (Busa’s) President Sipho Pityana is "underwhelmed" by government's choice in appointing Freeman Nomvalo to lead the turnaround at Eskom.  

In a newsletter to the members of the business lobby organisation, Pityana shared views on the latest developments at the debt-ridden power utility.  He expressed concern that Nomvalo did not have a track record in "restructuring".  Public Enterprises Minister Pravin Gordhan announced last week at Eskom's results briefing that SA Institute of Chartered Accountants CEO Freeman Nomvalo had been seconded to serve as Chief Restructuring Officer (CRO) at the state entity.  The CRO will oversee Eskom's unbundling, and will work with Eskom's board and management to carry out the recommendations of the Presidential Task Team, appointed in 2018.  In the newsletter, Pityana also expressed unhappiness with the way government has handled the crisis at Eskom, and particularly with what it branded a "lack of urgency" in the search for a new CEO.  The position was advertised near the end of July.  “This lack of urgency is disturbing," Pityana wrote.

• Read the full original of the above report by Lameez Omarjee at Fin24

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