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Transparency at Eskom is critical: Lobby groups urge review on finance exemption

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Transparency at Eskom is critical: Lobby groups urge review on finance exemption: Outa and AfriForum have voiced concerns over National Treasury’s decision to grant an exemption to Eskom on the annual reporting of irregular, fruitless and wasteful…

AfriForum says it is going to bring a review application against the National Treasury’s decision to grant exemption to Eskom in terms of irregular and wasteful expenditure at the state entity.

Eskom explained on Monday that the exemption would see irregular, fruitless, and wasteful expenses be reported in its annual report, as opposed to its annual financial statements.Outa “We are consulting with our legal team to bring a review application so that this decision of the National Treasury is set aside,” he said,

 

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Transparency at Eskom is critical: Lobby groups urge review on finance exemptionOuta and AfriForum have voiced concerns over National Treasury’s decision to grant an exemption to Eskom on the annual reporting of irregular, fruitless and wasteful expenses. If info disclosed in 'AFS' will render it qualified and affect bankability and borrowing decisions or cost of borrowing, and that same info will be disclosed in the 'Report', will astute lenders not look at ALL the info available? Or will the 'Report' be 'In Camera Top Secret'?
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