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Finance minister Enoch Godongwana has announced that government has withdrawn a gazette that exempts Eskom from reporting irregular, wasteful, and fruitless expenditures in its financial statements until 2025.joint meeting of various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

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