Godongwana exempts Eskom from reporting wasteful and irregular expenditure for 3 years

[Jan]

Eskom doesn't have to report wasteful and irregular expenditure anymore

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.

Published on 31 March 2023, the gazette stated the power utility would be exempted from this requirement of the Public Finance Management Act (PFMA) and relevant Treasury Regulations for the 2022/2023, 2023/2024, and 2024/2025 financial years.

 

[gregmcc]

Nice. Let the pillaging begin continue

 

[BeerIsNotGood...]

3 years of lekker chow

 

[TelkomUseless]

Ha ha ha..

Even if AdR points out the corrupt politicians... nothing will happen to them. Zondo nr 2 for 10 years... and nothing.

 

[My_King]

LoL

****ing epic, so to fix something you have to turn off accountability?

 

[kota]

Anyone managers at eskom looking to buy anything at 100 - 1000x the market price, please contact me for business opportunities!

 

[gregmcc]

Anyone managers at eskom looking to buy anything at 100 - 1000x the market price, please contact me for business opportunities!

You need to think bigger - 1000x to 10000x the price
R1000 for a pack of 6 toilet rolls sounds about right.

 

[Mystic Twilight]

You can't make a loss and be in debt if it doesn't exist in the accounting books.

 

[kissingmybbgoodbye]

Lekker, lets create a web of shell companies

 

[Mekon]

Holy fukk balls, this is unreal. The cANCer are such a bunch of useless degenerate rodents.

 

[ChrisMOlives]

So it looks like the board and senior management are looking to Outa to charge them for being delinquent directors in the near future. Couldn't happen to nicer people. Crowd funding anyone?

 

[RedViking]

The corrupt flourish in broad daylight. Surely the DA is going to challenge this in court?

 

[grok]

LOL, the engineer shows his true colors.. or is that color?

 

[Benedict A55h0le not]

Must eat....

...undisturbed....

 

[RedViking]

LOL, the engineer shows his true colors.. or is that color?

Enoch is an engineer?

 

[kota]

You really can't make this $hit up, an entity that is known for continuous corruptions is now given free rein to do whatever they want without public scrutiny. Let's see how their supporters defend this one....

 

[TelkomUseless]

So now ANC cadres is eating their voters money....

Hahaha.. love it. Their voters wanted this.

 

[Superjakes]

You need to think bigger - 1000x to 10000x the price
R1000 for a pack of 6 toilet rolls sounds about right.

So they can start buying it from Woolies, you say?

 

[Solver]

Given the state of this mess, you'd expect governance and controls to be applied way more strictly than usual. But I guess when the drive is to pillage rather than to fix and party before country then no surprises. Stoopid voters! Ai

 

[Blackhand]

A state of disaster and energy crisis caused by corruption. Solution? Turn a blind eye.

Guess they need to make up for the diet they experienced under De Ruyter, time for a binge!