16918 comments delivered to Minister Enoch Godongwana, so far (closes Friday, 21 April)
In a surprise move, Finance Minister Enoch Godongwana has exempted Eskom from disclosing irregular, fruitless, and wasteful expenditure [notice 3247 of gazette 48354, 31 March 2023]. National Treasury has now called for public comment.
NOTE. The Sunday Times reports that National Treasury reiterates its intention to reinstate the waiver it granted Eskom from disclosing irregular, fruitless and wasteful expenditure. The Eskom exemption is back.
- The Public Finance Management Act requires Eskom to keep full and proper records of its financial affairs and publish annual reports and financial statements.
- The Act forces Eskom to “disclose any material losses through criminal conduct and any irregular expenditure and fruitless and wasteful expenditure that occurred during the financial year”.
- However, Minister Godongwana has now removed the need for Eskom to play open cards about irregular expenditure and wasting money.
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