South Africa’s government withdrew an exemption granted to its beleaguered Eskom from reporting irregular spending in its annual financial statements, after a public outcry against the move. Moneyweb Loadshedding
Government withdrew an exemption granted to its beleaguered power utility from reporting irregular spending in its annual financial statements, after a public outcry against the move. Read: Eskom’s escape from scrutiny over dodgy spending draws fury The National Treasury on Friday granted a request by Eskom to lift some disclosure requirements and move the category of irregular, fruitless and wasteful expenditure to its annual report for three years.
Read: National Treasury on why it exempted Eskom “We have decided to withdraw the Government Gazette notice for now,” Finance Minister Enoch Godongwana said in a briefing to lawmakers on Wednesday, referring to the official announcement published on March 31. The government plans to seek comment on the proposal from the public and other stakeholders, he said.
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