These has been widespread criticism of the exemption, which aimed to assist Eskom achieve an unqualified audit and boost its credit ratings. Treasury was also concerned that a qualified audit opinion will trigger Eskom's loan covenants and increase Eskom's cost of borrowing. A similar exemption was provided to Transnet last year.
DA spokesperson on finance Dion George said on Tuesday that the party had briefed its legal team to look into the legalities of the exemption, while ANC alliance partner Cosatu called it"a green light to criminals that they can go feast and loot with impunity".In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy.
The whole idea was just to enable corruption Vele, he should be taken to task alongside all those who were pushing such!
The ANC is finished! Come 2024, Action4SA will deliver an HISTORIC upset countrywide. voteoutANC
Think long and hard Mr Godongwane!! We want transparency, responsibility, accountability, and the TRUTH! You've had the keys to the kingdom for 30 years, and just what have you done?
Well done
The little credibility he may have had as Finance Minister he has now stuffed it down the pit toilet. Only in SA is the goon comedy show on daily.
Arrest him
Taking time to cook the books.
This government underestimated the power of public opinion. Well done to all that voiced your concerns and disappointment about the redicilous / unnecessary 'state of disaster'. I have hope for us as a collective SA.
This shouldn't be celebrated. This should be seriously questioned as to why it happened in th first place. propaganda24 strikes again.
Also Victim Complex which we blame dead people that provides good cover for the functional incompetence,corruption of current leaders.Mirrors Superiority Complex that preceded it.Road SA is on the reform model that it has adopted GUARANTEES its slide towards becoming Failed State
Incompetence,functional corruption at leadership level is our reality.And we are stupid about what to do about it.Insanity is doing the same thing again n again n expecting a different result.Unqualified person run our country even though complicated?But THAT IS HOW STUPID WE ARE
Skelm
🤷🏽♂️🤷🏽♂️🤷🏽♂️How can you issue an exemption without consulting with critical stakeholders- minister of finance is a real joke😨😨. 🤦🏽🤦🏽🤦🏽This is a crisis management and leadership under Ramaphosa administration
Heh this country is just being run on whim, depends on how he feels in the morning then changes his mind in the afternoon Yoh
Mmhhh!
They have no clue. Bunch of clowns 🤡 🤣
Woohoo! Finally some sense prevails… could it be because of the public outcry… 🤔
errolbsk Just another thief that I am ashamed to say is my brother
This stinks of collusion and now that the people have revolted they back down, des ban ROOYEN saga comes to mind
New DONG Flip-Flops. Gucci by any other name.
Another flip-flop decision by the ANC powers- that- be!
He will never be taken seriously again .
Parliament Finance Standing Committee was not consulted on this absurd exemption of Eskom. Why is the Minister of Finance behaving like a dictator?
or should I say forced to
Yay they heard the backlash. Seffricans NEED to speak out, protest, campaign, tongue-lash, attack and hold the ANC to account much much more.
ThuliMadonsela3 🙏
Haha only a useless politician make a public outcry All about him. Egg 🥚 on his face 😀😀
AG is there to report not to decide what gets reported.
But how much money was used for these few days that the exemption was in effect.. you might find they hv alredy dd what they wanted
So minister of finance he decided take his luck of hiding ESKOM shenanigans by testing south African,meaning have we not censured him about his unconscionable,dementia decision he would have not withdrawn the exemption of ESKOM?we are not taken serious in this country🤞🤞
Atleast anc is succeeding in destroying itself
Yes!!!! SA says SIT DOWN!!!!! We, the people, will no longer tolerate this ANC NONSENSE!!!!
As soon as afriforum get involved these looters withdraw their devious ways. South Africans are seeing right through this blatant corruption. It's because of the anc stealing that SA is Grey listed 2024 THEY MUST BE STOPPED AT ALL COSTS. so opposition parties, get busy .
So protecting the corruption & tender procurement criminals isn't popular for a change?
Doing us a favour are you Minister ? Tsek
Does this apply to Transnet aswell?
ThuliMadonsela3 this democracy thing is really something in africa , our money and he gets to decide
Trust me he consulted with them before deciding to gazette this bad faith, fq u piece of malfeasance onto us.. He just never anticipated the backlash..
This sounds like they took a decision; and will now consult. But don't you normally consult & then decide (with the benefit of consultation)?
Who advises these okes😁
So he did not consult the AG before Gazetting it yet? Yooooooohhhh
I see he’s taken his hat off. Maybe his few brain cells got more air and he can think more logically. It doesn’t matter though, all the corruption and “unauthorized” spending will still be covered up🤮🤮🤮🤮
What a prick.
I am 'shocked'. 🤣🤣🤣
Can this guy just do what he wants when he wants without approval from anyone?
Eskom should tell us how did they spent the money on what and the money they have asked from the parliament what they've done with it
Thank God. See if we all make enough noise we can call out the MYANC on their bullshit and do what we can to stop this madness. For a Finance Minister to shoot from the hip like this is disgraceful
Aya Kwini?
And consult public as well, coz you are playing games with taxpayers money here.
He needs to probably pay they off first
He did not decide to withdraw it, he was ordered to because of being challenged by public outcry. This exemption would not have stood up if challenged in the constitutional court
Enoch, he not make sure.🤣🤣🤣🤣
YES! And so you should …… fornowforever
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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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Transparency at Eskom is critical: Lobby groups urge review on finance exemptionTransparency 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…
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