Eskom's exemption from provisions of the Public Finance Management Act that will allow it to exclude the particulars of irregular, wasteful, and fruitless expenditure from its financial statements has been granted to protect the credit rating of the utility, Finance
Minister Enoch Godongwana says in a leaked letter to Eskom chairperson Mpho Makwana. 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.
_Business IMFNews IFC_org BBCWorld WHO EU_Commission eu_eeas AusGov NewZealandGov EnglandGov MoodysInvSvc stat_world questCNN MinPres NEDemocracy en_germany UKParliament DailyMailUK SwedenUN swiss_un FBI FitchRatings UN FoxNews SkyNewsBreak
_Business A real cadre deployee! Say no more. SA Economy will collapse whilst in the office. 2924 Vote differently, it is time for a change in leadership!!!
_Business So what u doing in hiding their corruption/criminality from the citizens of South Africa....ie:- giving them permission to loot without discretion.....scumbags the lot of u....
_Business is it because eskom is listed at JSE🤔🤔🤔
_Business Now they gonna eat ESKOM clean,if they did while having to disclose irregular expenditure, imagine now where they dont have to disclose!!
_Business Wow!
_Business Ag sies
_Business Bring on the ANC corruption let the feeding begin VoetsekANC 🤌🏾🤌🏾🤌🏾🤌🏾
_Business It is unacceptable to hide material financial information from auditors in the hope of obtaining a better audit outcome..To exempt Eskom that is mired in corruption is irrational and irresponsible because will deepen and worsen the levels of corruption that define Eskom
_Business South African must stop whining about the current situation and current state of our nation , make the difference to vote with thier brain , stop the apathy and complacency or you will get what you deserve an ANC , EFF & smaller party alliances for self interests after 2024 .
_Business Eskom is finished.
_Business Andre must be protected otherwise he is gonna spill the beans
_Business The ANC is broken beyond repair.
_Business Joker?
_Business In other words their audit won't be wroth the paper it's written on
_Business Futsek
_Business Again I will ask who stands to benefit and what Black Lawyers Association doing about this we know the court bandit will not say nothing
_Business Cover-up upon cover-up.
_Business Not necessary at all! You need to prove to the public that you are working on fixing the SOE. Not this.
_Business You are justifying treason. Can anyone help me out here is there no law or something that prevents 'newspapers' from spreading propaganda and lying to the public. Probably a stretch but lets be real here everything done by THIS administration is spun to make them look good
_Business We the Taxpayers of SA must fight this tooth and nail. We cannot allow this corrupt ANC government to hide their sins.
_Business Skakuza Masage
_Business THIS DOESNT MAKE SENSE AT ALL
_Business Stupid.Corrupt.Cader.African democracy.
_Business As with everything the ANC touches, rather than fix the problem, just lower the bar.
_Business Crooks stick together…
pmcafrica _Business Clueless or Careless Leadership? Where is transparency and accountability?
_Business When will this government represent the people?
_Business Same as asholle African who said the dams is not full because of drought,but of cause of the apartherd government built the dams to big.Eish ,die fokken goed is stupid
_Business The real state capture
_Business Isn't that how audit processes work? What is the purpose of an audit if you can circumvent transparency? This is OUR money, we have the right to know what crimes it paid for. They are trying stop something criminal from being made public.
_Business The LOOTING GSTS RAMPED UP MYANC has no plan of ending corruption
_Business Please correction Eskom and Transnet
_Business It's a movie, yiFilm straight 🎥😆
_Business I smell a piling heap of BS.
_Business Who is protecting who?
_Business Many have met & passed audits so Why change the rules now? The ANC is so useless it believes that if the cadres are failing then they must lower the bar & change the rules. Why not do that for every SOE & municipality because most of them are also not performing well?
_Business 'This is necessary ' wouldn't have been in your headlines during the nine wasted years.
_Business Surely his decision can be challenged in court....
_Business If only they did this!
_Business OUTASA please don't leave this matter like this please take it to court
_Business And Transnet,why leave it out. Selective reporting. I wonder why,what,who you trying to protect for now.
_Business 😅
_Business You will never see white people complaining about this bcs it's their corruption, Sies🤮🚮
_Business This is necessary because…🤣 what a circus 🤡
_Business Because that corruption is done by whites as always be🚮
_Business 'We need to overpay our suppliers so they stop sabotaging our plants'?
_Business More legalized looting by the CyrilRamaphosa regime. But then the myanc has been pro corruption for years - just look at people like Iqbal Surve. Looted the PIC and flaunting the lifestyle. And he walks free.
_Business Financial myopia and tolerance of irregularities aka 'Transformation'
_Business If they continue in this way they should be mindful of charges being brought against them when the cabinet gets reshuffled and the judges are changed. Oh it's coming soon.
_Business What a way to try and fool investors...Investors must either be stupid or criminals to ignore facts.
_Business No wonder we get grey listed.
_Business BBBEE financial controls?
mashiane05 _Business CYRIL'S Leadership of sealing things has now moved to government. I fear elections the counting of VOTES 2024 will also be in secret 🤞🏾🤞🏾🤞🏾🤞🏾
_Business So they cook the books to get a clean audit
_Business So that they steal in silence
_Business It is also an acknowledgment from Treasury that the PFMA is not in the best interests of successful businesses
_Business ANC mafia
_Business The problem with democracy is the voters. We get what we deserve.
_Business So basically, he's saying Andre De Ryter was right.
_Business That is absolute BS! We deserve to know as tax paying citizens!
_Business
_Business Minister Enoch Godongwana, De Ruyter uncovered irregular expenditure and identified it as corruption while at Eskom, he reported it to the authorities as outlined in Treasury's Irregular Expenditure Framework and it fell on deaf ears.
_Business This finance minister seems to be an overrated 🤡, nearly everyone in that MYANC cabinet, are truly useless clowns
_Business Go on stealing
_Business Otherwise his well dries up to🤣🤡🤡
_Business Lol this is what happens when u put not so clever and shaddy people in a clever position which needs a person with intergrity and diligence.
_Business We shouldn't partake in PAYE because our weak financial controls have raised the risk of a qualified audit
_Business And Whites are happy! It goes to show who's looting Eskom_SA
_Business Pathetic. A damn disgrace
_Business Protecting the corruption
_Business And yet we are told Cyril is fighting corruption ,I just wonder how your heading would've been had this been done under Zuma
_Business What a stupid decision !!!!
_Business 2024
_Business I wish we can have journalists in South Africa not reporters 🙄
_Business Mafias. ANC captured the state.
_Business This man is a criminal
_Business Maybe he’s one of the corrupt ministers? It all looks very fishy.
_Business Something is amiss
_Business Media playing defence for CR17 corruption
_Business So why not improve the weak financial controls?! 'Oh, we might get a bad audit result, so we'll just not report anything. Problem solved!' 🤡🌍
_Business Ramaphosamustfall pravingordhanMustFall PhalaPhalaFarmGate phalaphalafarmgatecriminal Eskom Glencore CORRUPTION marikanaMassacre PhoenixMassacre VoetsekDA
_Business As if people are blind ... you can see and smell the corruption a mile away
_Business If walks like a duck ... hiding the rot does not make it go away Mr Minister
_Business I hate this guy with all my heart his very wicked 😤
_Business New dawn corruption and state capture fighers..... big up to your transparency very good for anti corruption hope people remember that when voting ....Lol you invited de Ruiter to Parliament DA and them will have a field day asking questions you wouldn't....
_Business AND ANC appoint CFO, oke responsible for financial controls, as acting CEO ☺
_Business '... expenditure that is not a result of corruption'? How weird is the Eskom's sew-saw story. Electricity minister refutes any allegations of suspicion or proof that there was corruption conduction at Eskom, now finance Minister exempts irregular expenditure that's not corruption
_Business So instead of fixing it, they cover it up.
_Business And we have people who will still vote ANC
_Business Beyond belief . Only in SA 😳
_Business why hide stuff ? This spit shooting cowboyhat parliament molester is doing this with the hopes that it will fend off Andre's allegations while he was pissed about the coffee. He gave them ample time to come up with some criminal counter measures as this right here. VusiSambo
_Business And who was the ceo for the year under review? De Ruyter!
_Business If it was Malusi Gigaba... iyoh... i don't even wanna know what msm would be saying abt him... but bc it's Enoch who is loved by the true owners & narrative pushers of SouthAfrica... 'This is necessary'. Wow! Just wow!
_Business Whatever little respect I had for this chap has plummeted down the drain
_Business Corruption cover up
_Business Criminal
_Business Protect your anc comrade
_Business How would they know if it’s not a result of corruption if there’s no investigation or consequence
_Business You can tell that whites are milking eskom even the media isn’t questioning this
_Business He. Dubious this fella
_Business Cadres must eats i understand
_Business
_Business Why paper over a massive crack?
_Business Political parties please take this man to court. The ANC is definitely hiding something big here
_Business No need to be shocked by this exemption. We all knew when the state of disaster was announced, it was to block out De Ruyter and his claims and to cover the eyes of the South African public. Time for a change in our democracy.
_Business actively telling us not to vote for them 😆😀
_Business Tenja te mpilo
_Business ...Rotten to the fckn core 🤬
_Business How do you decide which wasteful and fruitless expenditure is corrupt and which is not.
_Business AuditorGen_SA won't allow this!
_Business Madness, Eskom_SA should follow the National Treasury guidelines and the PFMA to record and disclose irregular expenditure !
_Business This is the real state capture 🤷🏾♂️
_Business Next thing 50% tariff hike
_Business This makes no sense
_Business Imagine now the amount of deviations that will be happening there and all those expenses just being disclosed under irregular expenditure...oops I meant hidden suspense account for no one to see!
_Business Haybo, what’s the point of an audit kanti
_Business But is this even legal?
_Business Shouldn't the media be asking some really serious questions on what is going on? Why is the media colluding with this Administration?
_Business The fact that they already have FWIE should already give them a qualified audit opinion. They did not follow PFMA
_Business Why do you think the ANC voted against an Eskom Adhoc committee to deal with corruption?.
_Business Let people eat a little bit.
_Business And transnet
_Business Minister of Cadre protection.
_Business How will they know which irregular expenditure is not as a result of corruption? Asking for a nation that is aware that it sits in the dark for most hours a day as a direct result of irregular expenditure that is due to corruption at Eskom 🧐🧐🧐🧐🧐
_Business Yet we’ll have to bail Eskom again
_Business Man but they happily take our taxes without batting an eye…
_Business Welcome to a new world with a very blurry line between wasteful expenditure and real corruption where the discretion for disclosure lies with Eskom. The acknowledgment of continuing inadequate internal controls is mind boggling for a company of this size & national importance.
_Business Cyril's administration is showing you all a middle finger. If it was Malusi Gigaba doing this, Justice Malala was not going to lala.
_Business Is that legal though? Financial experts appraise us. The begining of banana republic
_Business This sounds dodgey AF.
_Business It really is a pity that every single political party can't put their sh*t aside to collectively take the ANC to court over this and FORCE them to expose everything at Eskom.
_Business Our_DA Actions HermanMashaba jsteenhuisen What is DA and ActionSA going to do about this?
_Business Crazy decision.. protecting the real looters
_Business What is wrong with a qualified audit?
_Business PFMA is the source of many of SoEs problems... but tsotsis are the biggest problems
_Business So, he will do nothing about irregularities and wasteful expenditure. The R254b bailout was given on condition that Eskom's financials improve, and now he exempts Eskom from reporting irregularities. Make it make sense please!
_Business Yeh….right! 😏🚮
_Business the giant MYANC cover-up
_Business Mzansi cannot manage the ANC. We like voting them, but can't hold them to good governance.
_Business There’s just no bottom for these guys. It’s sickening and South Africans deserve better than these crooks.
_Business Eskom had some of the best financial controls in the world. When the corrupt ANC thieves took over, employees were forced to abolish and bypass and ignore these controls and procedures in order for the cartels to steal. Fools
_Business In summary, it's 'Cyril working for the west' based on that $8 billion.
_Business We don't steal🫠
_Business Oh yes this all makes sense now. Thank you for clarifying this. 😶🌫️ So not corruption technical issues not corruption weak financial controls 🫢🤫
_Business The corrupt protecting the corrupt and getting ready to loot some more,🤮🚮 MYANC is jst 2 much.
_Business I don't see the clause here saying anything about result of corruption? Irregular expenditure is just that and taxpayers have the right to know
_Business Isinyoga
_Business
_Business Also Transnet
_Business A leopard never changes its spots it just looks for taller grass. South Africa is a mafia state.
_Business What are you hiding mister
_Business Yoh they want to see Eskom on the ground. We'll never get interrupted power, let's forget. They are clearly lining their pockets
_Business Shit floats and it's going to stink. Cyril can spray himself with Gucci and he'll still stink. Honestly this ANC government is a pit toilet in operation.
_Business I'm telling you De Ruyter's claims of corruption involve the head of state. With 2024 coming they want cover. Ramokgopa said there is no corruption at eskom and suddenly Godongwana does this.
_Business The fat cats will be protected, and continually provided for!
_Business The corrupt look after the corrupt. Every single so called minister in the VoetsekANC are corrupt to the core starting at the useless spineless president of the country
_Business So corruption is unacceptable but mismanagement is acceptable. This is a joke of the year after that R22m flag
_Business He and Mpho Mokwana are hiding Andre de Ruyter's incompetence and corruption.
_Business Major MYANC cover up happening!
_Business BBCWorld WorldBank CyrilRamaphosa MYANC this is how the corrupt ANC tries to hide the looting. Worldbank stop giving these thieves money. They just keep looting it and leaving South Africans to suffer while they live in luxury on the Tax payers money. Pls investigate
_Business Now this is the real state capture!
_Business This is to protect their chommas that,s looting eskom
_Business EnochGodongwana CyrilRamaphosa MYANC i wonder why? Because Andre is about to expose the lot of you. I hope you all get voted out. ANC is going to kill south Africa and just keep looting to fill their pockets. ANC is corrupt and apart of the looting at eskom. Sies man
_Business this a license to steal. south africa a mafia state.
_Business So clearly everything De Ruyter said was true, wasn't it MYANC
_Business shameful...
_Business MYANC thugs want to loot Eskom_SA without being exposed. Enoch Godongwana must be condemned
_Business this 'irregular expenditure' already means looting of funds! 😂🤡 why hasn't carteblanchetv AlJazeera TaxJustice_SA sarstax hawks got involved to dig deeper? Asking for a friend
_Business This is pure thuggery protecting ANC corruption
_Business Is the EU still going to give the $8.5bn loan in these conditions? These are correct basis for a motion of no confidence not what happened at Ekurhuleni & Joburg.. we've really lost trust on the ruling party...
_Business The Mafia has infiltrated every institution in Cyril's administration. If it was Zuma,this article was going to trend with derogatories towards Zuma&Guptas with cartoons. The so-called corruption watch only knows one side of the coin that's why they won't go to court(gangsters)
_Business Slowly but Slowly
runawayrene _Business 😡😡😡😡😡😡
_Business Because he was and is on the gravy train as well
_Business Mbavha
_Business 😡
_Business What we are doomed, Eskom has not published their financial statements for a while and now this brainiac is trying to hide all the malice, how do they get government bail out without us knowing where the money is going!
_Business Godongwana must be fired
_Business Well it all started with Minister of electricity, Buzz Lightyear, saying there is NO corruption. So we can expect an end to load shedding any day now, right?
_Business Unacceptable. Fix the accounting.
_Business We know which side he's on. The protect the looting for as long us possible side.
_Business Then we, the people, must be exempted from paying tax
_Business You just can't make this sh*t up anymore.
_Business Wow!!!South Afrika, the government are seriously taking the people mos for a ride. The goalpost 'are shifted so far off the pitch, the game is now playing in no man's land' tell the government to put some respect on its people.
_Business So they’re taking steps to negate the accuracy of an audit report? Deliberately? Isn’t this illegal?
_Business It's like I always said cANCer is a bunch of CRIMINAL'S PARADING AS POLITICIANS,and slowly but surely they pushing South Africans to a point of no return
_Business Oh my God if this had happen under Zuma.
_Business Zuma was better
_Business I am quite sure Eskom will ve honest enough to differentiate between normal irregular expenditure and that the occurred as a result of corruption. By the way, I just saw Pegasus fly overhead.
_Business r2kcampaign GroundUp_News OUTASA ....just to ask is this not an Abuse of Power. As Eskom is our business too, as Citizens?
_Business Seriously 😒
_Business Eskom is too big to fail… Trigger for recall on sovereign debt
_Business Operative word being risk. These are a risk to the entire generation of this country. Only their kids are secured soft landing when all their 30year run bottom out.
_Business Just incredible how deep the rot goes … so as citizens we are not to know how our money is spent SOEs can just do what they want ? Time for ANC looters to be voted out …
_Business 'Ramaphosa is fighting corruption'
_Business Minister of finance he must realize ESKOM is not an ANC belongings is the people of south Africa 's belongings public deserve to know everything that's happening there. What is it that he is hiding there?
_Business Because the black man needs to steal....this is the black way.
_Business The Ramaphosa government is a special case. They know how to decorate their corruption.
_Business Corruption being assisted by News24 media. Media is again covering up corruption from ANC and Ramaphosa. We really need to do something with Naspers.
_Business But let’s keep voting for the ANC why don’t we!!!🙈
_Business Who is to declare non corrupt irregular spending? The same people who are corrupt? The best way to avoid a reputable audit is to change the law and regulations?
_Business Then let it be qualified!! It's a circus of incompetence that has not met its mandate in a VERY, VERY long time.
_Business afriforum please take this matter to court
_Business Malomanye the last sentence
_Business Can we somehow allow this, but if it comes out that funds seemingly disappeared, it's his head on the line?
_Business 😆😂🤣So the irregular expenditure is okay as long as it is not linked to corruption😆😂🤭🤣
_Business So basically “we don’t want to tell you how much we have stolen and will continue to loot” aaah Ohk Shap👍🏾
_Business Corruption runs in the veins…
_Business Bottom of the barrel politician
_Business So now they cover it up so that when ADR goes to parly he will be labelled as liar. Great timing for a cover up to hide the truth CyrilRamaphosa
_Business MSMIsTrash
_Business Unlawful. ConCourt here we come
_Business WTF is this now?
_Business This chap doesn’t understand business and management controls. If they do get a qualified audit so be it. It would be the truth. Maybe that’s something they’re not familiar with. Shame
_Business Corruption is now so entrenched. Black majority rule values!
_Business Do these incompetent corrupt people actually believe the nonsense that comes out there mouth
_Business Bullshit, it's to keep the gravy flowing into the cadre feeding trough
_Business Can someone take this moerskont to court please.
_Business Not sure this is the right way to solve for weak financial controls
_Business It just goes to show how high up the corruption runs in our government and to what level they will go to hide it all, WELL PLAYED GOVERNEMNT CORRUPTION pass a law to hide it all, SO it proves that is goes all the way UP TO THE TOP GOVERNMENT OFFICIALS LEGALCORRUPTION
_Business 2024 election funding 🤷🤔🧐
_Business Ask any mining engineer: Discarded automobile and truck tyres ultimately will always float back to the surface, no matter how deep they are buried. The same with crime; no matter how deep you bury the corruption it will eventually rise to the surface. It's a law of Nature.
_Business This tym ANC want to steal in peace
_Business So instead of focusing on fixing the controls they will rather exempt them from reporting on it for 3 years. We are truly led.
_Business Sies man!!!!
_Business 😂😂😂
_Business So the government is too corrupt to monitor and police the government? I'm shocked...
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