💡Eskom's exemption from disclosing wasteful expenditure 💸 deemed 'criminal' while MPs call for it to be withdrawn permanently ⛔ Eskom loadshedding TheCitizenNews loadsheddingupdates Read the story
The minister told the various committees that the exemption was at the request of Eskom and the application was approved by Treasury due to the power utility’s financial position becoming so constrained.Godongwana, however, indicated that the withdrawal was temporary.ANC MP Bheki Hadebe welcomed the decision to withdraw the exemption, saying he believed the request by Eskom was “irrational and unjustifiable”.
National Freedom Party Munzoor Shaik Emam said he was disappointed that the exemption was even considered. “We are considered not to be a transparent player and here was a pretty amateur attempt to try to fiddle the system so we would get a better audit outcome to possibly attract cheaper capital into Eskom that we know it needs very desperately,” George said.
“All lenders are going to look at South Africa and the financial statements that are produced from here with a microscope,” Singh said.“[This] is a very dangerous route that could simply create precedence in all turnaround strategies by the municipalities [or any other SOE] that are dysfunctional and this could cripple the state’s fiscus,” she said.
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