For more financial news, go to theEskom has been exempted from disclosing irregular and fruitless expenditure in its annual financial statements in a special government gazette issued by Minister of Finance Enoch Godongwana on Friday.
The gazette, which was published on the last day of the financial year, provides Eskom with an exemption from Section 55 of the Public Finance Management Act for 2022/23 and the following two years. The applicable section of the Act requires that state entities provide particulars in their annual financial statements and annual reports of"any material losses through criminal conduct and any irregular expenditure and fruitless and wasteful expenditure that occurred during the financial year."Treasury said on Sunday that it had issued the gazette in response to a letter from Eskom chairperson Mpho Makwana.
All irregular, fruitless, and wasteful expenditure must still be detailed in the Eskom annual report; Irregular expenditure that occurs through criminal activity or losses must still be disclosed in the financial statements and the annual report
_Business ...and then the SQUEAL about reform, only DAMN reform that needs to happen is to expose all corruption and fire them from top down, clean out the stinking rot
_Business advertising a country to investors where crime gets legalized. Whaaaaa hahahahahahahahahaha !! poes dom!!
_Business Should not be allowed
_Business Milk cow
_Business How is this not a criminal decision?
_Business Our ANC government can't hide their corrupt cancerous illness.
_Business Why don’t they exempt all the tax payers to prevent any further fraud
_Business It's to hide how much diesel is being burnt daily
_Business Eskom_SA GovernmentZA Paying my electricity bill and SARS taxes just feels more and more like I'm funding criminals instead of funding a country for progress.
_Business Blatant corruption
_Business The start of the end of democracy in SA. Maybe it's time I stop reporting my 'irregular expenditure' to SARS.
_Business Septic level of intelligence...
_Business Probably because it would make the report to long to read..
_Business Now I have heard it all. Clearly it means the ANC and cabinet ministers are all in on the corruption. Can we now be exempt from paying
_Business The anc mafia sheds its fake democracy undies. No more hiding behind the cloak of anticorruption
_Business Non disclosure is ramaphosa's way of evading accountability, first was cr17,then phala phala scandal and his defenders said he never stole anything, but now he can't hide how is he spending taxpayers money, this corrupt ANC president will not finish his term like Zuma sies ANC !
_Business Shows how deep the corruption is , shows how elementary the government think level is at ! They believe that by openly stating they will not report on wasteful practices it will help ? Talk about heads in the sand … and we the people are powerless.. new dawn Mr President 🙄😔
_Business Ramaphosa and ANC are bad for South Africa
_Business Time for the citizens of this country to be exempt from paying tax
_Business The new minister now have open sesame to fund the ANC , welldone comrades let's hope Mr public don't find out.
_Business Andre was so right about this ANCs involvement with corruption in Eskom 🙄
_Business These politicians are protecting each other at the expense of the citizens,and they will loot a lot of money through eskom this time around.🤔
_Business Zimbabwe 2.0
_Business Genuinely asking. Besides protesting, what can us regular citizens do in opposition to this? What is an actual viable, legal option that we can do to see results? How is it not possible that a court of law isn't able to force them to disclose the information?
_Business Mara vheiwe ni tamba nga rine t 🚮
_Business Wtaf 🤬
_Business Crooks
_Business They don't want actual irregular expenditure sanctioned by de Ruyter exposed as it will expose the actual narrative which is contrary to the set media narrative!
_Business WackheadSimpson
_Business Does this mean that it's now a 'free for all' to line their pockets and we the payers for the use of electricity have absolutely no say why we maybe getting higher and longer load shedding! Who is protecting who here?
_Business i see rope making a comeback. TsotsisMustFall 🤌🏾
Gerhard_Vegan _Business So this decision blocks anyone who wants to investigate Eskom for corrupt dealings? How convenient?🤔🙈
_Business MYANC fucken thieves
_Business It’s basically so that they can borrow more money. So mismanaged. Future South Africans are going to kak to pay off all that debt.
_Business With all the load shedding, the corruption within Eskom. Why would they take such a reckless decision. This is very disturbing. It’s clear that the ANC wants to loose power in the next general elections. It’s a vote of no confidence from me.
_Business MightiJamie I don't see you saying anything about this, I noticed most of your tweets is always about white people.... So I guess you have a role in the ANC puppet show....
_Business Oh my word What the hell is this man 🤔 thinking
_Business We are in big trouble. Huge
_Business Criminals hiding their dirty criminal deeds, bastards
_Business Wouldn't be surprised if the funds are channeld in the ANC's slush fund to fund their election campaign next year.
_Business Is this Minister also possibly corrupt ? Just asking. This sounds like an April fools joke. But if not - audit him. Something is not well. Is he protecting someone ? I think the President keepers is still alive and well living in the riches of the voters 😡
_Business Haibo!!!
_Business The Minister of police should exempt criminals and fraudsters from prosecution. A free fall for everyone
_Business The real state capture taking place
_Business The writing is on the wall for the ANC they know the clock is running time to steal whatever is left before 2024
_Business We need to refuse to pay our taxes. All citizens must stand together on this violation of our rights CyrilRamaphosa PresidencyZA EdKieswetter
_Business We will bridge the electricity! Bayanya!
_Business How obvious can they be?
_Business Wtf. This is worst than the Gupta's escapades. Who need to be protected here till next year election time. Do Eskom got couches?
_Business CyrilRamaphosa how you let something like this happen under your watch Mr President. We all thought your presidency was going free us from ANC government looting and corruption.
_Business This is a crime
_Business 😂😂😂😂😂 fucking hell
_Business Cover up. SA cannot find out how SOE' s are funding the ANC. The ANC focus 2024 elections.
_Business This is pure incompetence and lowest form of journalism. It's as though you are causing panic and confusion intentionally. In the process denying people the right to properly interrogate thos process meant to help Eskom with its finances. Sies.
_Business Then we better exempt all SOE’s & every govt department. Amandla anc mafia, Amandla!
_Business Disgusting thieves, looking after their buddies till their dying days and beyond, absolutely no hope for this country with this mentality
_Business So who will hold them to account for wasting the tax revenue. My gut feel is, to hide compromised cadres, a Karpowership, and funding for a election campaign.
_Business Giving the crooks in the anc immunity.
_Business Looting is legal at eskom ! So De Ruyter was right after all
_Business MogaleBK
_Business CyrilRamaphosa what’s the reason for this? Ey niyantshontsha nina 😂💀
_Business Now Eskom_SA is unaccountable just like the MYANC What rubbish !time4change
_Business Cyril you need to let heads roll as this cannot be right 😡😡😡
_Business What are the reasons for this exemption? Why don't they apply to Eskom
pmcafrica _Business Corruption is now classified.
_Business Prime scum move
pmcafrica _Business What this not meant to be an April fools joke🙄
_Business We all know the corrupt mess Eskom is embroiled in but does it even matter if they are exposed? Nothing gets done aside from further antagonising the public and hard working straight employees of Eskom. Haibo!
_Business Who is this Mpho Makwana? Isn't he being delinquent in his post as a director/chairperson of the board of Eskom?
_Business BULLSHIT!
_Business If this is not corrupt then nothing will be. Shame on the ANC and Eskom. Just show all what they will do to hide their sh:t
_Business 🤥This is wrong by all accounts
_Business Yoooh bethuna. Sisekakeni apha!!
_Business How is this legal?
_Business 👀
_Business Hayike, lafa kanjalo ikhehla. They must as well as pardon Zuma state capture as well. Ayikho lento....
_Business
_Business 'Eskom has been informed NOT TO REPORT CORRUPTION' Better headline imo
pmcafrica _Business Why is this happening? Is it even legal?
_Business Let me guess, the expenditures border on criminality. Or is there such a thing as a legal crime👀
_Business Iyabhubhudla inkezoooo…
_Business Opening the gates to further looting.
_Business 🤷🏾♂️
_Business New Dawn, New capture
_Business It looks like our ministers have been bewitched, their mind is taken captive somewhere which make them unabale to take the right decisions; it s important 2 pray n fight for our leaders. They ve lost their senses. The invisible rules the visible
_Business Transnet as well...
_Business Eskom is ANC …what do u expect?
_Business Lol
_Business I don't understand what's wrong with ANC; to err is human but to persist in it is devilish
_Business Its like saying ' now oka etsa masepa ka molao '
_Business They must be taken to court ASAP and stop this nonsense. They unashamedly wants to hide their looting these MYANC bloody parasites!!!
_Business So De Ruyter says there is corruption.... ANC deny this and get angry, next month they then hide all reports of spending
_Business WTF
_Business Even zuma did it during coal shortage, paving way for Gubtas
_Business Cause everything would be irregular
_Business Now they'll loot as much as they want. We'll done PresidencyZA for bringing in a minister who is doing fokall to sort loadshedding
_Business Election coming and the CancER is broke. Get ready to pay for their campaign.
_Business So, why would the government expect the general public to abide by the law? It starts at the top.
_Business Typical ANC ploy. Hide the looting, corruption and theft
_Business So they can steal our money and get away with it and tell no one? This is absolute rubbish CyrilRamaphosa ? How can it be allowed? It is the money of consumers that they are spending. Yes, my money also.
_Business Is this the classical sweeping dirt under the carpet? Condonation? Down right Concealment? 🤔
_Business All they are doing is further proving De Ryter right. I believe him, because they are sure taking a lot of steps to conceal and hide corruption and fraud and wrongdoing.
_Business ,….but I thought Treasury had strict conditions for Eskom…. essentially privatising parts of it
_Business Always is🙄
_Business In that case we don't want to pay any more.
_Business On the orders of the ANC...
_Business What do you have to say about this tito_mboweni ?
_Business “People” who vote for the ANC, open your eyes!!!!
_Business Absolute BS. And a very dangerous precedent for other SOE’s.
_Business Hahahahah, De Ruyter was right. The MYANC and MbalulaFikile's comrades have captured Eskom, are you not ashamed even a little bit wena EGodongwana
_Business Oh FFS.
_Business Wow! This is confirmation that corruption is so rife in Eskom that they even influence the country's economic and decision making powers to suit them! Totally unacceptable!!!!
_Business How is this even possible. Outve all the corrupt companies / SoE's Eskom should be the most scrutinized. They have and continue to cost the country Billons because of underhanded deals for comrades and crooked books
_Business
_Business This April fool joke can end now
_Business Anybody got some tips on how to set up a knee guard manufacturing business?
_Business Wow!😂😂😂
_Business ANC, the transparency party my ass.
_Business Why?
_Business So the ANC declares a state of disaster, unleashing billions of rands and then removes the checks to monitor how the money is spent. Nothing dodgy here.
pmcafrica _Business This is one of the worst things to ever happen in our democracy and sets a bad example for our future selves and other African countries who look up to us 💔
_Business Why is this not a surprise 😐
_Business This is B*llsh*t!! Who the hell is Godongwana to unilaterally bulldoze this travesty into being? This utter disrespect and disregard for everything we have all fought so hard to achieve over 30+ years! Have we simply exchanged one dictatorship for another?
_Business 👀👀
_Business When Wakanda?
_Business the Eskom executive, yesterday
_Business And that my friends, is what a MYANC cadre is for. It has nothing to do with the portfolio they hold but all about facilitating the looting of their fellows.
_Business WHY
_Business Will OUTASA go to court?
_Business Then there was no need for StateCaptureCom .
_Business Enoch says he'll give us an explanation 🤣 Is it even possible to have any explanation other than: we're involved with this shit so we'd like to make it impossible to investigate. Please. Someone try imagine a good reason for me...and Enoch, I suppose.
_Business The real criminals are blanketing everything now.
_Business I don't have to say a word The replies speak for me. Everyone is pissed off with the thievery in South Africa. Eskom is just an extension of the anc gravy train.
_Business Stop paying then.
_Business Going forward, Our tax will be decimated without any explanations CyrilRamaphosa is running a serious dictatorship
_Business Flood gates for looting have been opened. Nywenywe 9 wasted years ya masimba, the state is back in the hands of the real captures and they are plugging all the holes for no one to challenge them ever again.
_Business
_Business Yeh? We must really vote ANC out angeke
_Business Licence to steal
_Business Godongwana has been a disaster from long ago
_Business This is but one of many reasons we were greylisted by FATF. Its not getting better. And in the sona the pres said they are fighting corruption. Yes... Yes thats right, we are all idiots.
_Business How legal is this?
_Business Just so they can eat in peace bleddy vultures.
_Business Is this inline with a fair, dignified and democratic society?
_Business 😏
_Business No disclosure equals no investigation, this in a period where transactions needs more scrutiny.
_Business This sounds like a dangerous precedent
_Business Now they can eat in peace
_Business Enters the ipp deal worth R50
pmcafrica _Business Stop milking the cow...
_Business Legalizing Government corruption. How convenient! And everything is just fine ,fine . Amazing.
_Business Where did this idea come from ... Putin? XI? Kim Jong-Un?
_Business They are going all out to steal as much as they can, hey?
_Business GovernmentZA MYANC CyrilRamaphosa cannot be trusted to deal with Corruption we are on the slope to nowhere ANCcoversup they have no intention to be accountable dont be shocked by what follows. You cannot hide the truth forever. TruthMatters dontsteal
_Business First it was the SAA deal veiled in such secrecy we still don't know the price. And now this. Welcome to the very clean and transparent post 'nine wasted yaers' government of Cilili
_Business This how they stole COVID19 money. Not surprised, they exempted from auditing, etc. ANC do as they please, not accountable to anyone. This is how a Mafia State is Run. TreasuryRSA complicit in Theft!
_Business Shouldn't this govt decision be reviewable in a court of law? The special circumstances aren't clear either. Eskom fleeces a substantial amount of money from the national fiscus, has a debt of R400 billion and increases SA's debt crisis substantially.
_Business Why though? From both anti-corruption and good governance perspectives, greater transparency is what is required, not less. We all know secrecy breeds corruption.
_Business 2024 VOTE EFF
_Business VoetsekANC criminal syndicate. Voetsek.
_Business Why ?
_Business All these because it will expose White companies who loot Eskom? People who still believe the Guptas captured the state need mental evaluation and so in other words Godongwana is hiding White corruption!!! We must accept that only Whites are allowed to commit crimes in SA..
_Business Now they steal with impunity. No one needs to know.
_Business Transnet is next 🤷🏽♂️
CoruscaKhaya _Business Bathong
_Business That R154bil bailout is vanishing fast.
CoruscaKhaya _Business This is unacceptable. It’s our money that they are using, we need to know.
_Business Make this make sense, please, anyone
_Business This should be challenged
_Business 🤣
_Business We warned u about that Godongwana. We warned u about this Newly appointed Minister of Electricity. We ware warning u about Ramaphosa now, seemingly he has unmasked himself now. Not what people thought he was, especially after Phala² saga... Forget now, SA is GONE🤝
_Business Bad move,they just confirmed they have lots to hide ..
_Business Looting can now continue
_Business CyrilRamaphosa MYANC The piggies must eat in peace!!!
_Business You expect OUTASA to challenge this in court, this is criminal because its Ramaphosa.
_Business Disgraceful. And the DA want to partner with these criminals.
_Business SAns needs to reject this crap, this is wrong in every way.
_Business Obviously have soo many things to hide it's actually embarrassing to make it public. This country is going down the dumps. Only the ministers benefit.
_Business The mind boggles at the sheer brazeness of GoDONGwana.
_Business What an interesting article. Sure sure yini laba. Nina ngampela. Nibhala kanje?🤣🤣🤣🤣🤣
_Business This is a 'New Dawn' for you. They'll loot knowing for a fact that they won't disclose anything. It's tough indeed
_Business I never heard of this, Ramaphosa is showing us flames.
_Business And the naive and uneducated will continue to vote for the ANC. THEREFORE ANC keeps the majority from trying a proper education.
MANSAMU51600932 _Business 😃 Wow. Baba Msholozi ❤️😍❤️
_Business Every day that passes confirms to us that Cyril Ramaphosa is everything we were told Jacob Zuma was
_Business ATKSvalja makes me sad bro
_Business Smells like corruption
_Business So it's legal to loot money. Ffs lol failedstate
_Business Lol whike people are still debating Steenhuisen's matric results. Ya hamba iCountry🤣, the thieving is being protected by Atcs.
_Business Is it even allowed?
_Business Newdawn administration is all about sealing evidence & not disclosing I anything to the public. That says a lot about MYANC Government that's claiming to be fighting corruption 😂😂😂
_Business That's why they called the Presidential Cartel!!!!
_Business The biggest joke in S Africa at the moment?
_Business What would be the reason not to disclose?
_Business Hardcore State Capture.
_Business So all what you said about Pres Zuma was a lie🤔🤔this is what state capture is. Yerrrrrr🚮
_Business 👀😳😂 Yooh hayi the things we see under new dawn. What are we saying as accountants and Auditors
_Business So SA while you have to pay Eskom an additional 18.65% more from 1st April they are free to spend, overspend, waste and perhaps fund ANC gatherings and election costs. It seems our finance minister has given go ahead for looting to continue at Eskom with no accountability.
_Business Excuse me, but what rubbish* is this? 😑🤨
CoruscaKhaya _Business All the SOE’s will be granted this so that they can loot freely without being disturbed
_Business Eskom is now exempt from reporting anything that will make New Dawn look bad in the eyes of the public.
_Business Where's wayneduv ,LawsonNaidoo ,dailymaverick ,KathradaFound ,afriforum ,PLMyburgh ,PieterDuToit ,PaulivW ,MarianneThamm ?📢📢📢📢📢📢📢📢📢📢
_Business But we have to pay ridiculous amounts and price hikes ? Makes perfect sense
_Business 🤣🤣🤣ffs
_Business WTF!? This smacks of keeping the gates open for looting by the MYANC . VoetsekANC ANCisCORRUPT
_Business White corruption can't be exposed 📢📢📢📢📢📢
_Business They will find a way to blame President Zuma and the Guptas
_Business wtf
_Business Our_DA instead of wasting my time emailing and calling to check I'm still going to vote for you, do something about this. Now. Here is an actual problem to solve I'm the courts and on public media
_Business What, how? Then Enoch is as corrupt as those who looted Eskom. Zimbabwe 2.0... buncha 🤡🤡🤡🤡
_Business Why? Because all you top bras STOLE money from there!!!! You must rot behind bars!!!
_Business This country is gone. 🚮
_Business But what’s the reason for the Minister of Finance to exempt Eskom frm reporting on “any material losses through criminal conduct and any irregular expenditure and fruitless and wasteful expenditure that occurred during the financial year” - 55 (2)(b)(i)?
_Business 𝓗𝓸𝔀 𝓶𝓾𝓬𝓱 𝓲𝓼 𝓱𝓮 𝓰𝓮𝓽𝓽𝓲𝓷𝓰 𝓮𝓿𝓮𝓻𝔂 𝓶𝓸𝓷𝓽𝓱 𝓯𝓻𝓸𝓶 𝓱𝓲𝓼 𝓬𝓻𝓸𝓷𝓲𝓮𝓼? 🙄
_Business I'm surprised they didn’t tweet “Gupta influence still looms large over SA as Eskom is exempted from disclosing irregular and fruitless expenditure in its annual financial statements.”
_Business Then what would be the audit outcome? There were funds received but you don’t want to account on how they were used.🙆♀️
_Business Just like that, and then we still wanna fight about ceos and other kak. The whole industry is fked and rotten to the core.
_Business Hiding as usual
_Business 950 million reasons to be exempt. MYANC you ruined the republic of South Africa with your greed. We will come knocking on your door. We need to talk
_Business Transnet was granted a similar exemption last year
_Business Ah, so just like jacques necker and the kings public budget missing the special expenditures 🤭