Finance minister Enoch Godongwana has exempted Eskom from disclosing irregular, fruitless, and wasteful expenditure in its annual financial reports for three years.
South African finance minister Enoch Godongwana has gazetted a new regulation which exempts Eskom from disclosing any irregular, fruitless, and wasteful expenditure amounts in its annual financial reports until 2025.
Among its purposes, the measure ensures accountability when taxpayer money goes missing from SOE coffers.“Is this really the way to deal with an electricity disaster in South Africa? Good grief!” heAfter double-checking whether a screenshot of the gazette he received was not part of an April Fool’s joke, Eskom confirmed it was legitimate.
“Public accountability is removed. I doubt if this will pass constitutional muster in an open and democratic society,”The minister or National Treasury are yet to make any public pronouncement on the motivation for the exemption. “I doubt this is lawful. Exemptions cannot be granted on arbitrary and irrational grounds,” Van den Heever said.
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