Eskom head offices at Megawatt Park in Johannesburg. Picture: FREDDY MAVUNDA
The Black Business Council has requested a meeting with finance minister Enoch Godongwana and Deputy President Paul Mashatile to discuss a decision to exempt Eskom from regulations under the Public Finance Management Act requiring A notice in the Government Gazette of March 31 stated that Eskom will be exempt from having to disclose in its annual reports for three years irregular, fruitless or wasteful expenditure, starting from the financial year to end-March.
With the exemption, irregular, fruitless, and wasteful spending will be reported in Eskom’s annual report rather than in its annual financial statements.Eskom pledged to respect and co-operate with supervisory authorities, including the public enterprises minister as its executive authority, the Treasury, the auditor-general, parliament and other relevant ministries.
incompetent former CEO of Eskom André de Ruyter from his lack of compliance with the PFMA. This makes a mockery of our beloved country”.“The BBC will seek an urgent meeting with the minister of finance and the deputy president [in his capacity] as leader of government business to raise this serious anomaly.“The BBC stands firm on transparency, openness and accountability.