Eskom chairperson Mpho Makwana in a 2011 file photo. Makwana wants Eskom exempted from parts of the Public Finance Management Act.Eskom chairperson Mpho Makwana's quest to achieve an unqualified audit in the first year of the new board's tenure is what lies behind the unusual exemption from parts of the Public Finance Management Act granted by Finance Minister Enoch Godongwana last week.
The exemption from parts of the PFMA that require that irregular, wasteful and fruitless expenditure, no matter the reason, be disclosed in notes to the annual financial statements has raised suspicion across the political spectrum that Eskom is seeking to cover up corruption. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
politicsblahbla So the law changes to suit and hide the wrong while we the public are struggling to pay the bills. Where is the honesty and integrity of our leaders
politicsblahbla 'clean up its reputation with investors'.. by letting Eskom spend investors' money willy-nilly Lets see a list of people rushing in to invest their hard-earned money in Eskom now. I'll wait...
politicsblahbla This is so Eskom can aim for a clean audit and clean up its reputation with lenders and investors. FFS! If you hide paying R200k for a mop, etc., you can't aim for a clean audit. Who in their right mind can think irregular expenditure are okay? Who? VoetsekANC
politicsblahbla Clean audit? That's like throwing a sick person's medical file away and declaring them healthy 'because there's no evidence of disease'. The logic; she is broken, wena!
politicsblahbla Cooked books always attract investors.
politicsblahbla Tell me there is corruption without telling me... The ANC has gotten away with so much they don't even hide it anymore...
politicsblahbla Hiding all the thieving protecting himself
politicsblahbla Call a spade a spade. He welcomes corruption….The door is again open for looting of Eskom
politicsblahbla This is so that the can loot eskom freely
politicsblahbla Corruption is not corruption when it is endorsed. 'What is it about the government and its agents and employees that they can lie to us with impunity, but we risk being sent to jail if we lie to them?' Andrew P. Napolitano,
politicsblahbla What nonsense. It’s so they can keep the feeding trough full.
politicsblahbla Criminality
politicsblahbla But the 'investors' arent stupid. Why would they trust Eskom, knowing that they are deliberately hiding massive malfeasance and corruption that is on the brink of collapsing our entire economy? Why would they ever trust Eskom? Unless there is something in it for them maybe? 👀
politicsblahbla Gangster State 🙈🙈🙈😳
politicsblahbla Thank God I left the auditing field.. What a waste it would of been then you get nonsense like this
politicsblahbla This is simply ridiculous!!! You can put lipstick on a pig, but it remains a pig. Hiding Eskom UIFW simply makes it look more dodgy than it already does, not less!!
politicsblahbla Skelm and Corrupt to the core.
politicsblahbla The people should have a say in this, not Godongwana. Governments exist to serve the people, not the other way round.
politicsblahbla Does this even make sense? Sounds more like forcing the books.
miraaikie politicsblahbla Like passing a car on its Roadworthy test .Having a reasonable good spare tyre but 4 badly worn smooth tyres.
politicsblahbla Trying to clean up Eskom's reputation by concealing losses due to criminal/irregular conduct in their Financial Statements is dishonest and will have the opposite effect. Public trust and Eskom's credibility are at stake.
politicsblahbla Yes, by using world class audit controls to prevent untoward spend!!! And to catch thieves!!
politicsblahbla Eskom is a broken ATM machine.
politicsblahbla Lost the plot! So let's lie to the people investing in the country so we can claim we ethical and don't misappropriat their funding, to get more money from said investors and have more to spend unethically & misappropriate. Sums up everything wrong our beloved SA GovernmentZA
politicsblahbla What investers its a state owend entity sponserd by tax payers money
politicsblahbla Let’s stop reporting the corruption so people will lend us more money. Ok, got it.
politicsblahbla And this is how the anc continues to loot and pillage South Africa. The country has been compromised.
politicsblahbla Meanwhile still stealing without accountability nor consequences!
politicsblahbla yes quickly wipe out the old books and crook new ones... i bet they will present a clean audit
politicsblahbla So they want to lie about their financial position. VoetsekANC
politicsblahbla Propaganda 24. Just as corrupt as our government and Eskom. Tsek news 24.
politicsblahbla Only news 24 would believe that..
politicsblahbla Corruption Corruption Corruption
politicsblahbla The expression on godongwana's face 😂😂😂 this country is beyond salvation. All you can do is laugh at this circus called South Africa
politicsblahbla So Eskom gets a free pass from the Public Finance Management Act? It's like giving a reckless driver a faster car. This sets a bad precedent and only enables more mismanagement. The Western Cape deserves better, which is why CapeIndependence is a viable solution.
politicsblahbla I invite friends over when my house is clean. But I don't allow them to look in my cupboards. The contents may fall out and hurt them.
politicsblahbla Allow for misdemeanours to go unnoticed and then get a “clean audit”? Another South African world first
politicsblahbla 🤣
politicsblahbla Lol 😂 just imagine.
politicsblahbla It's hiding the loot. ANC is the problem. ANC captured the state.
politicsblahbla Auditors are trained to look beyond non-disclosure matters like this. Investors are also not so naive to assume that just because something is no longer disclosed, it is no longer there. Quite the opposite, the less transparency, the less investment
politicsblahbla BLATANT COVER UP! COVER UP! COVER UP!
politicsblahbla Eskom paid R80 000 for knee guards that cost R320 at Builders. Eskom paid R238000 for a wooden mop that cost R70 at Makro. Eskom paid R28 for a roll of single-ply toilet paper that cost R4 at Dischem. Eskom had R15 billion worth of dodgy contracts with the Gupta family- Zondo com
politicsblahbla I think PublicProtector should investigate this blatant abuse of power to break the law. It's in effect removing the one actual reporting line that indicates foul play - and so creating opportinities for looting in an entity that already has a reputation for that.
politicsblahbla
politicsblahbla Eish...these ppl really take us for fool.... Im starting to think they right, how else can we allow this... They not even trying to hide how skelm they are.... They just give us the finger. 🖕
politicsblahbla How can the audits be clean when they are hiding their dirty. This is corruption at its highest level. Fix Eskom
politicsblahbla Clear signs of corruption... Well done Minister 😎
politicsblahbla Investors are not stupid, hiding things for a clean audit wont fool anyone
politicsblahbla 🤔🤔🤔
politicsblahbla So the comrats in the myanc can steal unabated
politicsblahbla They will take everything away!
politicsblahbla That also, is not for SA benefit, but ANC thieves will benefit out of it and live SA with High debts to pay.
politicsblahbla 😂😂🤬What a joke
politicsblahbla Ja neh…must be nice!
politicsblahbla So the MYANC strategy for clean audit is to take all your garbage and shove it under the carpet or the couch? What about prosecuting corrupt syndicates, controlling Eskom_SA whom CyrilRamaphosa GwedeMantashe1 and Pravin are fully aware of?
politicsblahbla This is to prevent any investigations and public scrutiny on Ramaphosa corruption in ESKOM
politicsblahbla This proves what de Ryter said in his interview that Eskom was/is ANC's cadre feeding trough..
politicsblahbla It’s like papering over a massive crack with see-through paper. People know the issues are there! It’s not rocket science reslly…
politicsblahbla Something stink here just a cover up for corruption
politicsblahbla So hide the thieving away so you can fool people into investing 🤔! Really!
politicsblahbla so basically they should lie on official documents just to get a clean audit
politicsblahbla Trying to hide the rot !
politicsblahbla Sounds like a licence to loot.
politicsblahbla Deception at its best.. that's the way our government rolls.. cover up just to get more..
politicsblahbla Mafia
politicsblahbla This is like sewing you anus to prevent diahorea
politicsblahbla I wonder if taxpayers will be given the same leeway for tax evasion?
politicsblahbla So this could prove that De Ruiter's comments was right.
politicsblahbla BLSA_Official any of your members lending to Eskom makes a mockery of your fight against crime under these rules! FATFNews Eskom is just a huge money laundering scheme
politicsblahbla But surely they still have to undertake their yearly audits where such things are highlighted 🤔
politicsblahbla
politicsblahbla CR’s administration’s modus operandi is to seal statements so he is not accountable🙌🏾…State Capture 101
politicsblahbla Another spin to hide corruption for an election drive.
politicsblahbla Corruption going all the way to the top !! This shows that you, the cANCer are complicit in the corruption, looting and sabotage going on at ESKOM. Now you want to hide it from the public. YOU THIEVING SWINE. GwedeMantashe1 , YOUR DAY IS COMING
politicsblahbla LloydsofLondon Deloitte is a risk…FRCnews pcaob_news ceaob Deloitte will be brought down auditing the corrupt company! Wait till the previous CEO starts giving evidence!
politicsblahbla Operation Hide Corruption
politicsblahbla I just wonder which audit firm is going to sign those Financials. Hayi nixakile maan ne NewDawn
politicsblahbla Corruption_SA this man has something to hide. Why would he let Eskom get away with this even though there’s proof. Something is fishy here
politicsblahbla Looking to loot in all possible ways, but Rise_Mzansi to the rescue.
politicsblahbla ....shifting goal posts for the spoiled football ⚽️ owner, Chartered Accountants at Eskom_SA shouldn't accept this! saica_ca_sa
politicsblahbla Is that the system where we depend on the corrupter to allocate the funds he stole to a certain box? Same difference...
politicsblahbla Sure.......................................... ... ... .. ... ... ... ... ... ... ... ... ........ ....... ........ ........ ........ ........ .......... ........ ........ ........ ......... ...... ............ .... ..... ................ ............. ....... ......... .........
politicsblahbla Corrupt Thieves
politicsblahbla That’s bull shit. Why can’t you transparently get to a clean audit.
politicsblahbla So citizens can also exempt themselves from whatever it is they think they should be exempt of hey 👋 sounds fair
politicsblahbla That’s cheating
politicsblahbla 𝓗𝓮'𝓼 𝓪𝓵𝓼𝓸 𝓸𝓷 𝓽𝓱𝓪𝓽 𝓰𝓻𝓪𝓿𝔂 𝓽𝓻𝓪𝓲𝓷...😏
politicsblahbla Whichever way you to try to spin it, it's given Eskom the right to lie. And just by the way, is it not illegal to lie about your balance sheet when applying for loans?
politicsblahbla Do they really think lenders and investors don’t know that they have exempted irregular, fruitless and wasteful expenditure from their audits? Seriously, this is the dumbest last minute excuse I’ve ever come across. The ANC gov exempted Eskom so their cadres can loot freely.
politicsblahbla Let us just hope no potential investors follow N24.
politicsblahbla This is nonsense! What happened to transparency and accountability MYANC CyrilRamaphosa
politicsblahbla Thats like demanding the money from the bookie before hand because you claim you are going to win a million to one ods. Criminal bastards.
politicsblahbla I wonder how they are going to do this.
politicsblahbla So basically this is so they can get more money to loot..typical...
politicsblahbla Deloitte DeloitteUS DeloitteUK we are watching you! If you give a clean audit on this entity your entire organisation is in-question. It is corrupt to the core and you are enabling it. All clients of Deloitte take note!
politicsblahbla This sounds a lot like what Jooste did maybe that’s why he has never been to jail
politicsblahbla JOKE of the century, we got no investors bra, grey listed much!!!!
politicsblahbla Does it mean I can also use electricity without paying a cent. Eskom must exempt me from disclosing irregular and fruiless illegal connection. Transnet
politicsblahbla Government really thinks investors are that dumb to fall for this.
politicsblahbla Finance people how does it work, they have to cook the books to look clean to the investors?
politicsblahbla Can't they aim for a clean audit by being clean and not hiding their irregular and fruitless expenditure? 🧐🧐🧐
politicsblahbla This is so MYANC can eat more without consequences.
politicsblahbla Protection for top Brass One can only conclude that no word or action means that CyrilRamaphosa is compliant in all of this & if can’t beat them has joined in the feeding frenzy The fact Cele is still still around means they have The Squirrel in a tight grip PresidencyZA
politicsblahbla Investors?! 🤣🤣🤣🤣
politicsblahbla Or just steal more
politicsblahbla How can you have a clean audit if you're deliberately hiding your poor spending and dodgy transactions ? This may just be the most blatant form of corruption yet
politicsblahbla This is like passing laws telling the police not to accept reports of rape and then telling the world there are no rapes. Ridiculous.
politicsblahbla By running away from transparency. Ei ayihambe nale ANC. Seku right
politicsblahbla Meanwhile at Luthuli house...
politicsblahbla The ANC and friends can now get their grubby hands on everything in Eskom and get away with it with ease. We are done for
politicsblahbla proves the point that the corruption runs all the way to top of the Government and they will do whatever it takes to hide it, but by doing to the are pointing their fingers straight back at themselves ENOUGH IS ENOUGH TIME FOR CHANGE RSA
politicsblahbla Open the path for the useless corrupt money sucking parasites ministers of the VoetsekANC to carry on what they do best and thats to steal and loot the country empty
politicsblahbla What in the sweep clean the coffers of Eskom is going on...
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