Finance minister withdraws Eskom’s exemption from reporting irregular and wasteful spending — for now

Finance minister Enoch Godongwana has announced that government has withdrawn a gazette that exempts Eskom from reporting irregular, wasteful, and fruitless expenditures in its financial statements until 2025.joint meeting of various parliamentary standing committeesThe minister said the withdrawal was informed by an intensive discussion with the Auditor-General of South Africa and general public backlash over the issue.

This is normally required of state-owned entities as part of the Public Finance Management Act and certain Treasury Regulations. Several accused the ANC-led government of trying to hide corrupt activities at the utility, particularly in light of previous comments from electricity minister Kgosientso Ramokgopa.Afriforum and Sakeliga were among the organisations threatening legal action over the exemption.

Not for now, always keep up the rule of law

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Godongwana's chief of staff, Percy Mthimkhulu, dies | BusinessPercy Mthimkhulu, chief of staff in the ministry of finance since 2021, has died in his sleep, the minister of finance Enoch Godongwana's office confirmed on Tuesday. | News24_Business _Business Madzikirira aye ayo 😭😭 _Business ANC deployees never go out so peacefully, just ask David. Check for poison... _Business What a peaceful way to go
Source: News24 - 🏆 4. / 80 Read more »