Minister of Finance Enoch Godongwana has exempted Eskom from some provisions of the Public Finance Management Act. This is so Eskom can aim for a clean audit and clean up its reputation with lenders and investors. | politicsblahbla
Eskom chairperson Mpho Makwana in a 2011 file photo. Makwana wants Eskom exempted from parts of the Public Finance Management Act.Eskom chairperson Mpho Makwana's quest to achieve an unqualified audit in the first year of the new board's tenure is what lies behind the unusual exemption from parts of the Public Finance Management Act granted by Finance Minister Enoch Godongwana last week.
The exemption from parts of the PFMA that require that irregular, wasteful and fruitless expenditure, no matter the reason, be disclosed in notes to the annual financial statements has raised suspicion across the political spectrum that Eskom is seeking to cover up corruption. 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.
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