Eskom’s irregular spending should be in the public eye, says Outa CEO

The finance minister has exempted the utility from regulations requiring SOEs to disclose expenditure that does not comply with provisions of the PFMA

The Treasury’s decision to give Eskom exemption from reporting irregular and wasteful spending in its financial statements drew widespread condemnation across the spectrum, underscoring lack of faith in the utility to handle taxpayer funds.

Organisation Undoing Tax Abuse CEO Wayne Duvenage said the government is not doing itself any favours by granting Eskom the exemption...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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