Enoch Godongwana has told Parliament that the National Treasury has opted to withdraw the gazetted exemption pending consultation with the office of the Auditor-General.
“National Treasury met with the AG on Tuesday where the AG made comments which will now be framed in the gazette. We have withdrawn the gazette temporarily so that the framing of the gazette is appropriate to ensure mismanagement and corruption are prevented,” said Godongwana.
“We had to look at it from a fiscal sustainability eye. We decided that we should grant this exemption from disclosing those in the annual financial statements. But those should be disclosed in the broader annual report. In other words, we are not hiding them.”
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