Five parliamentary committees want answers about Eskom exemption: Five parliamentary committees want to interrogate the National Treasury’s decision to exempt Eskom from declaring fruitless, wasteful and irregular expenditure for the next three years.
SowetanLIVE's sister publication has established that the news of the exemption jolted parliamentarians to seek urgent meetings with the Treasury this week.
Parliament is on Easter recess and its committees have to apply for special permission to hold meetings during this period.“We just need to know what informed this decision,” said a source who spoke on condition of anonymity.
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 minister of public enterprises as its executive authority, the Treasury, the auditor-general, parliament and other relevant ministries.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five parliamentary committees want answers about Eskom exemptionFive parliamentary committees want to interrogate the National Treasury’s decision to exempt Eskom from declaring fruitless, wasteful and irregular expenditure for the next three years.
Read more »
Treasury explains why it exempted Eskom from irregular and wasteful expenditure reportingNational Treasury tries to calm the waters over the latest Eskom furore.
Read more »
Eskom exempted from reporting expense irregularities in financial statementsThe finance minister has granted the utility an exemption from regulations that require SOEs to disclose expenditure that does not comply with the provisions of the act
Read more »
Eskom exempted from declaring irregular and fruitless spending in its accounts | BusinessEskom has been exempted from disclosing irregular and fruitless expenditure in its annual financial statements in a special government gazette issued by Minister of Finance Enoch Godongwana on Friday. | News24_Business
Read more »